From Bloomberg: The Federal Deposit Insurance Corp. said Wednesday, May 31, that the number of lenders on its confidential 'Problem Bank List' increased by four to 43 between January and March. The total assets held by those lenders rose to $58 billion from $10.5 billion in the previous period.
After the three bank failures, PacWest customers yanked billions of dollars as the firm scrambled to stabilize capital and liquidity levels, and the stock has plunged 70% this year.
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Just days or weeks before the government faces a possible funding shortfall, investors are shunning U.S. Treasury bills that will mature over the next several months, while paying a premium to buy debt issued by Microsoft and Johnson & Johnson, two of . | 06:21am