#LAZARD News

Ovo reportedly planning bid for Shell’s 1.4m household energy customers

theguardian.com Ovo Energy is reportedly planning to make a bid to buy 1.4 million household energy customers from Shell’s UK supply business as the oil company prepares to leave the retail…

Bulb bailout may cost UK government billions less than feared, says watchdog

theguardian.com The bailout of the bust energy supplier Bulb is expected to cost the government billions of pounds less than originally feared because of a sharp fall in wholesale gas…

Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say

cnbc.com The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over the stability of regional lenders has slowed to…

Bank Stocks: Repairs Continue, Fed Vote A Critical Factor

investors.com Bank stocks generally moved lower Wednesday as regulators and banking leaders continued bricking up weak spots in the U.S. rampart of small and midsize banks. Financial…

First Republic Bank stock flat as investors await Fed decision

marketwatch.com First Republic Bank’s stock rose 2% Wednesday ahead of the Federal Reserve’s policy meeting and decision on interest rates, and as investors wait for further developments on…

UBS Weighs Ending a Plan to Preserve Credit Suisse’s Investment Bank

nytimes.com UBS is weighing whether and how to end a deal that would have preserved most of its rival’s investment bank, as part of its takeover of the ailing Swiss lender. When UBS…

First Republic’s (NYSE:FRC) Attempts to Clean its Balance Sheet

tipranks.com Embattled banker First Republic (NYSE:FRC) is trying to clear the looming unrealized losses on its balance sheet. The bank has made numerous efforts to raise additional…

First Republic stock tumbles after hours as bank reportedly hires more advisers

marketwatch.com Shares of First Republic Bank dropped about 9% in the extended session Tuesday after news that the troubled bank reportedly has hired advisers to review its options and…

First Republic Shares Plunge After-Hours As Restructuring Plans Fizzle

zerohedge.com First Republic Shares Plunge After-Hours As Restructuring Plans Fizzle At one point today, First Republic Bank (FRC) shares were up over 50% (based on the narrative that…

US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks

bitcoin.com A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that…