Discussions, though preliminary, have focused on how the industry could arrange an investment that would increase the bank’s capital, according to people familiar with the matter. Among the options on the table, people said, is investment in the First Republic by the banks themselves. Eleven major banks banded together last week to deposit $30 billion … Read more
A credit crunch is a significant tightening of lending standards between banks. Loans are more difficult to obtain and become more expensive. The banking crisis triggered by the failures of Silicon Valley Bank and Signature Bank will likely lead small and medium-sized institutions to prioritize a healthy balance sheet. The prospect of a recession led … Read more
Talks on bailing out Credit Suisse continued on Sunday as UBS demanded $6 billion from the Swiss government to cover the costs. UBS is under pressure from Swiss authorities to take over its local competitor to bring the crisis under control, two people with knowledge of the matter said. Regulators want a resolution before markets … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
The federal government helped customers of Silicon Valley Bank and Signature Bank get their funds back this week, even though their deposits were uninsured. If other institutions fail in the future, customers may have to rely on FDIC insurance, Treasury Secretary Janet Yellen said this week. Importantly, FDIC insurance has limits. Here’s how to make … Read more
The liquidation of regional banks is overdone, with four names looking particularly attractive at these levels, according to UBS. While bank stocks rose on Thursday, volatility increased this week. The banking sector began to nose dive shortly before the Silicon Valley Bank collapse and continued this week, although regulators said on Sunday they would back … Read more
NEW YORK (AP) – The recent failures of Silicon Valley Bank and Signature Bankwhich was aimed primarily at the tech industry, you may be worried about your money. They were the second and third largest bank failures in US history. It all started last week when too many depositors tried to withdraw their money from … Read more
WASHINGTON — The Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, people familiar with the matter say, after the California lender was taken over by regulators last week amid a historic race on its deposits. The separate investigations are in their preliminary stages and cannot lead to … Read more
Despite the 2008 financial crisis, bank failures are considered extremely rare. However, the unexpected closures of Silicon Valley Bank and Signature Bank have many consumers worried about their deposits, their bank, and the US banking system. “Every American should be confident that their deposits will be there if they need them and when they need … Read more
The failures of Silicon Valley Bank and Signature Bank weigh on the markets. The consumer price index for February is expected this morning. Uber and Lyft win major legal victory in California. Here are the most important information investors need to start their trading day: Investors are looking for clarity after a few days of … Read more
