PacWest shares slip after it announces 20% drop in deposits
PacWest Bancorp’s shares fell about 10% Wednesday morning after the bank revealed customers had drawn down some 20% of its total deposits this year. The bank — which has been … Read More
Month: March 2023
UK tries to juice its economy once again as banking storm clouds gather
UK financial markets were spooked again Wednesday — although, unlike last fall, the turmoil was unrelated to a new government budget aimed at reversing Britain’s economic decline. UK finance minister … Read More
City with world’s most expensive housing asks: what to do with 40,000 empty quarantine units?
Behind the gleaming skyscrapers and multimillion-dollar homes that have made this city the world’s most expensive property market lies a far less attractive parallel reality: one of the world’s seemingly … Read More
US is reviewing Huawei export license policy amid rising congressional scrutiny of China
The US government is reviewing a policy that permits certain US exports to continue to Huawei, despite an overall push by the Trump and Biden administrations to block the Chinese … Read More