Pershing Square CEO Bill Ackman Says BofA Will Buy Signature Bank
Bill Ackman, billionaire investor and CEO Pershing Square, caused a real commotion on the finance part of Twitter on Friday by claiming that Bank of America is going to buy Signature Bank.
According to Ackman, the deal is set to be concluded on Monday.
Signature Bank...
Bank Shares Fall as SVB Shut By Regulators
Shares in U.S. banks broadly declined on Friday with the failure of SVB Financial Group hitting the industry as a whole. The California banking regulator closed Silicon Valley Bank, with the company's stock being halted on Friday.
The closure of SVB Financial Group has become...
Bank of America to Advise Qatari Takeover Bid of Man Utd
Bank of America has been contracted to be one of the advisers on Qatari Sheikh Jassim Bin Hamad J.J. Al Thani’s bid to acquire Premier League soccer club Manchester United, the Sheikh's spokesperson confirmed.
Sheikh Jassim, who confirmed his bid in an email on Friday,...
Bank Of America CEO States That U.S. Consumers are “In Good Shape” as Wages Grow
Bank of America Chief Executive Officer Brian Moynihan believes that U.S. consumers continue to remain in a strong position even as the Federal Reserve extends its strict monetary policy due to inflation, especially as their wages continue to grow. Moynihan delivered his assessment while attending...
S&P 500 and Nasdaq End at Highest in Month as Bank Stocks Rise
Both the S&P 500 and the Nasdaq Composite Index ended at their highest levels in a month on Friday after banking shares led by JPMorgan Chase & Co rose following the release of their quarterly results.
After rising 0.4% on Friday, the S&P 500...
Economist Suggests a Recession is Still Far Away
One of the most heavily talked about subjects in recent months has been about a possible economic recession coming soon. The finance world has been all but consumed by this impending prospect, with pessimists fearing the worst, optimists hoping for the best, and everyone...