Gina Heeb

Regional bank stocks rose Wednesday, after a sharp selloff a day earlier brought them to the lowest level since 2020. Banks that have been under intense scrutiny attempted to claw back from double-digit losses from the previous session. PacWest and Metropolitan each rose roughly 10% early Wednesda

Fed Chair Jerome Powell said Wednesday that he would take away the right lessons from the collapse of several banks this year. He repeatedly referenced a Friday report by Micha

PacWest Bancorp and First Horizon shares fall as investors wonder how much further regional-banking problems could spread.

Mortgage rates ticked lower for a second straight week, to the lowest level in about a month. The average rate on the standard 30-year fixed mortgage fell to 6.35%, according to a survey of lenders released Thursday by mortgage-finance giant Freddie Mac. That's the lowest level since mid-April. “T

Greg Becker plans to tell a Senate committee on Tuesday that no bank could have survived the unprecedented deposit run that led to his institution’s failure in March.

The New York Federal Reserve said a member of its board of directors has stepped down, a day after the announcement he would resign from a bank holding company recently found to be noncompliant. Thomas Murphy left his roles as chief executive and president of both Arrow Financial and its subsidiary

Shares of regional banks rose Monday after PacWest said it would sell a $2.6 billion property-loan portfolio to Kennedy-Wilson Holdings. [PacWest's stock jumped](https://www.wsj/livecoverage/stock-market-today-dow-jones-05-22-2023/card/pacwest-stock-rises-after-2-6-billion-loan-sale-fHOpwRCqTrH

Shares of regional banks rose Monday after PacWest said it would sell a $2.6 billion property-loan portfolio to Kennedy-Wilson Holdings. Regional banks were broadly higher, with the KBW Nasdaq Bank Index climbing around 2%.

Banks saw record deposit outflows in the first quarter as customers chased higher interest rates elsewhere, according to data from the Federal Deposit Insurance Corp. Total deposits at FDIC-insured banks fell by $472.1 billion, or nearly 3%, in the first quarter. That was the largest quarterly de

Mortgage rates are at their highest level in six in more than six months. The average rate on the standard 30-year fixed mortgage rose to 6.79%, according to a survey of lenders released Thursday by mortgage-finance giant Freddie Mac. That is the highest level since this past fall, when mortgage ra