US bank stocks plummet as confidence crisis hits
Amid a lingering crisis of confidence in the US banking industry, the shares of American banks have sharply declined. Worried about a series of bank failures, investors are now abandoning…
Bank of England economist urges public to accept lower living standards
In response to rising bills and costs, workers have requested wage increases and businesses have raised prices, said Huw Pill, the Bank of England’s chief economist. He also noted that…
First Republic’s shares dropped following over $100bn worth of withdrawals
First Republic Bank is a mid-size bank based in San Francisco, California, USA. It was founded in 1985 and has grown through mergers and acquisitions over the years. The bank…