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Is the Banking Crisis Over? We Could Be About to Find Out
Banks’ earnings for the second quarter will show whether the recent failures of three lenders and a slowing economy are eroding what has been a
Credit Scores Rose in Pandemic. Now, More Borrowers Are Slipping.
Government stimulus checks and loan deferrals drove up scores, making it harder for banks to tell who is creditworthy. Source link
Kim Kardashian in Talks to Buy Back Stake In Beauty Business From Coty
The reality star and entrepreneur had previously sold a 20% position in SKKN at $1 billion valuation. Source link
Icahn Gets Breathing Room From Lenders Following Short-Seller Attack
The deal unties his personal loans from the trading price of his company’s shares, increase his collateral and set up a plan to fully repay
Icahn Gets Breathing Room From Lenders Following Short-Seller Attack
Deal unties his personal loans from the trading price of Icahn Enterprises. Source link
Desire for Interest on Deposits Is Bad for Main Street Banks
Community banks expected the Fed’s interest-rate increases to help them, but instead they are hurting. Source link
Lazard Fires Top Restructuring Banker Accused of Harassing Employees
Reid Snellenbarger is said to have acted inappropriately at a party he hosted over the weekend. Source link
Goldman Sachs Reports Lower Profit
Results were hurt by a slowdown in deal making and a sizable loss on the sale of part of its Marcus personal loan portfolio. Source
State Street, Schwab See Deposits Drop
Banks across the board are under pressure to pay depositors more as interest rates continue to rise. Source link
Banks Are Finally Facing Pressure to Pay Depositors More
Small and midsize banks lost hundreds of billions of dollars in recent weeks to their bigger peers and to money-market funds offering higher yields. Source