ASSOCIATED BANC CORP
S&P downgrades multiple US banks on growing liquidity worries
A sharp rise in interest rates by the U.S. Federal Reserve is fueling liquidity concerns as costs tied to funding deposits surge, the S&P said in a summarized note. The agency cut its ratings on Associated Banc-Corp and Valley National Bancorp on funding risks and higher reliance on brokered deposits, while UMB Financial Corp , Comerica Bank and KeyCorp were downgraded on large deposit outflows and prevailing higher interest rates.
Freight costs fueled inflation. Can they dampen it now?
On the demand side, monthly imports peaked at a record $351 billion in March and slid to $330 billion in July.
Old warhorse beats Tesla and meme stocks on Wall Street
The cyberattack on Colonial Pipeline Co.’s fuel distribution line along the U.S. Eastern Seaboard didn’t do much damage to refining stocks, as a prolonged shutdown was avoided.
Indian-American named President, CEO of Bank of the West
Indian-American Nandita Bakshi has been appointed the President and Chief Executive Officer of Bank of the West, a unit of French banking giant BNP Paribas.
Colonial BancGroup shut down by federal officials
The FDIC has approved the sale of Colonial's $20 billion in deposits and about $22 billion of its assets to BB&T Corp. US mortgage crisis | Best cos to work for '09
US Treasury injects $165 bn capital to 88 fin institutions
The US Treasury has pumped in a whopping 165 billion dollars in fresh capital to 88 financial institutions across the country. Countries in recession| Ghosts of 1929
