2023 Banking Crisis
The latest on the 2023 banking crisis, which began with the collapse of Silicon Valley Bank, the 16th largest bank in the U.S., on March 10. Rising interest rates sunk the value of long-dated Treasury bond assets the bank was holding, causing it to reach out to investors for more funds. The announcement sent depositors into a frenzy as they rushed to withdraw money. This resulted in the second biggest bank failure in U.S. history. Bank shares have tumbled since while the Federal Reserve, the Treasury and the Federal Deposit Insurance Corporation have worked to deal with the continuing fallout.
Deutsche bank collapse risk grows as experts wait for next "domino to fall"
The German bank was the worst performer on the STOXX 600, an index of European stocks, on Friday.
SVB CEO Greg Becker's pay was doubled for making risky bets: Report
The chief executive's bonus peaked the year SVB increased profitability by making risky investments.
Janet Yellen changing bank statement raises eyebrows
"What does Yellen know that has her completely pivoting from yesterday's rhetoric?" one Twitter user questioned.
How housing market could collapse if banking crisis "contagion" spreads
Experts expect the panic around bank failures to be resolved quickly. If not, the unfolding crisis might lead to a recession.
Red-lined text shows how Fed's statement changed after banking crisis
The central bank's rate-hike announcement shifted away from words like "ongoing increases" toward "some additional firming."
Is banking crisis as bad as 2008 collapse? Janet Yellen weighs in
Recent financial turmoil has brought back unpleasant memories for many fearing another banking crisis. Here's how it compares to 2008.
Warren Buffett could be asked to save the banks once more
Buffett reportedly spoke to Biden's team about investing in regional banks and gave general advice on how to come out of the current crisis.
Jerome Powell on the horns of dilemma of the Federal Reserve's own making
Ahead of the FOMC's interest rate decision, Federal Reserve chief Powell faces a banking crisis and the need to tackle high inflation.
Republicans' attempts to claim SVB as "woke bank" fall apart
GOP figures have claimed the bank's failure was due to its diversity policies, and that it was saved by the Biden administration for being "woke."
SVB collapse rocks California housing market as house prices to bottom out
California realtors hope that the implosion of SVB will lead to mortgage rates cooling down, bringing sales back up in the state.
Pips Bunce, Credit Suisse executive, attacked over "gender fluid" identity
Some social media users have accused Bunce's gender identity as the reason for the investment company's latest financial difficulties.
Tucker Carlson's jab at Janet Yellen goes wrong
Carlson aired a clip of Yellen from 2017, falsely claiming it proved she made an incorrect prediction in 2007, before quickly realizing the mistake.
Biden official helps restore confidence as rank stocks rise
Banks experienced a stock bump following U.S. Treasury Secretary Janet Yellen's comments before Congress.
Banking crisis gives Putin something to smile about
A global financial crisis would hand Putin the type of Western "disarray" that experts say he wants to promote to the Russian public.
Janet Yellen addresses tough reality of Americans' money amid bank panic
The FDIC bailed out millions in uninsured deposits at Silicon Valley Bank, but it won't do the same for smaller banks, the treasury secretary said.
Biggest banks in America come together to save First Republic
On Thursday, the lenders stressed that "Regional, midsize and small banks are critical to the health and functioning of our financial system."
AMC fans mock Credit Suisse as share prices fall below meme stock
Credit Suisse shares hit a record low on Wednesday months after it gave a bad valuation to AMC.
China watches U.S. banking crisis
Silicon Valley Bank's collapse comes as China announces an ambitious new financial regulator designed in part to mitigate long-term risks.
Silicon Valley Bank: A Bailout Even a Conservative Can Love
I'm glad our leaders stepped in to protect all the bank's customers and make them whole, no matter how much they had in their accounts. Such decisive action surely prevented a broader collapse, protecting families, workers, and job creators nationwide.
Goldman Sachs issues recession warning despite Credit Suisse $54bn lifeline
The European markets opened higher on Thursday, showing that the Swiss authorities' move in support of Credit Suisse has apparently appeased investors.
SVB merchandise floods eBay after bank collapse: "Corporate swag"
Branded company merch is now cropping up for sale online as financial disaster memorabilia, while others sell parody t-shirts from the bank's risk department.
Credit Suisse raises $54 billion from central bank amid global market panic
Switzerland's second-largest bank said the move was a "decisive action to pre-emptively strengthen" liquidity and reassure investors.
Credit Suisse offered lifeline as default risk grows
Fears mounted on Wednesday that Credit Suisse could be the next bank to collapse.
Credit Suisse is "tip of the iceberg"
The head of the Saudi National Bank, the largest shareholder in Credit Suisse, said it could not purchase any additional Credit Suisse shares.
Bring Back Glass-Steagall
The Glass-Steagall Act was the law of the land until 1999. It prohibited banks from making profits off of the deposits entrusted to them. I say, bring it back!
Meghan Markle, Prince Harry and SVB—what we do know, what we don't
Silicon Valley Bank's collapse inspired claims that Prince Harry and Meghan Markle could be impacted
Credit Suisse shares sink triggering fresh crisis fears
Credit Suisse lost almost a quarter of its value, hitting a new record low days after the collapse of Silicon Valley Bank and Signature Bank in the U.S.
Silicon Valley Bank Bailout Is a Disgraceful Political Payoff
Even as insolvency loomed, SVB still pledged "at least $5 billion in loans, investments, and other financing to support sustainability efforts."
Stop the Troubling Trend of Politically Motivated Debanking
It's clear from our organizations' experiences that politicized banking is a real threat and that it's on the rise, but we're pushing back.
Are taxpayers on the hook for Silicon Valley Bank bailout?
President Joe Biden says taxpayers will not be responsible for any of the federal money spent to save the bank. But critics say otherwise.
