Federal regulators were racing on Saturday to seize and sell the troubled First Republic Bank before financial markets open on Monday, according to several people with knowledge of the matter, […]
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Back to news homeHigher Food Prices Bring Bigger Profits, but Consumers Start to Resist
Brenetta Smith used to buy brand-name foods like Oreos and Doritos without thinking twice. But when she noticed that food prices at her local supermarket, Aldi, were soaring, she realized […]
First Republic Lurches as It Struggles to Find a Savior
First Republic Bank is sliding dangerously into a financial maelstrom, one from which an exit appears increasingly difficult.Hardly a household name until a few weeks ago, First Republic is now […]
Meta Returns to Growth After Struggling With Falling Sales
The debate over whether Meta is in decline may become quieted, at least for now.After three straight quarters of falling revenue, Meta, the company formerly known as Facebook, reported on […]
G.M.’s Profits Fell 18.5 Percent in the First Quarter
General Motors on Tuesday reported an 18.5 percent drop in profits in the first quarter, mainly because of the cost of job cuts and slowing new-vehicle sales in China. The […]
First Republic Bank Lost $102 Billion in Customer Deposits
First Republic Bank, the most imperiled U.S. lender after last month’s banking crisis, on Monday disclosed the grisly details of just how troubled its business has become — and not […]
Regional U.S. Banks Say the Crisis Is Contained but Fears Persist
The white-collar remote work revolution may permanently reshape the office market, bankers said. “Office is going to be really a challenged for quite a few years, and it has a […]
Double-Digit Price Increases Bolster Profits at Procter & Gamble
Another round of price increases on household products like Gillette razors, Dawn dish soap and Swiffer dusters bolstered Procter & Gamble’s bottom line last quarter, the company said on Friday, […]
Goldman Sachs Sheds Consumer Loans as Losses Mount
How much will it cost for Goldman Sachs to extricate itself from a mistake?The Wall Street bank, long known for catering to big corporations and wealthy clients, on Tuesday revealed […]
JPMorgan, Citigroup and Wells Fargo Report Rise in Profits Amid Industry Turmoil
Despite tenuous times for the banking industry, some of the largest U.S. lenders reported banner first-quarter earnings on Friday that easily exceeded investor expectations. And even as they warned that […]