Banking
We quit our jobs for a side hustle and made $179K in 5 months
We are both incredibly proud and grateful for having this success in such a short space of time.
Bank of America ordered to pay $100 million: How to know if you're eligible
The bank has agreed to pay hundreds of thousands of customers for allegedly double-dipping on fees, withholding rewards and secretly opening accounts.
Bankruptcy filings skyrocket as economist warns of further defaults
More defaults will follow this year as debt and inflation continue to leave U.S. companies struggling, an economist warned.
On Anniversary of George Floyd's Killing, Black Businesses Are Left Behind
The three-year anniversary of George Floyd's death is a reminder that we must do more to support Black entrepreneurs and create pathways for generational wealth in Black communities.
Will the stock market crash? Three investors share their predictions
A breach in debt-ceiling negotiations and the risk of recession are crucial factors that will determine whether the stock market will crash in the near future.
Warren Buffett dumping $13bn worth of stock rings alarm bells over economy
Berkshire Hathaway's sale of U.S. stocks signals that Buffett anticipates a recession, experts say.
Millions of TurboTax customers to start receiving settlement checks
Customers who were tricked into paying TurboTax for tax filing that would have been free under a federal-supported program will receive compensation.
PacWest shares plunge 60%, more banks drawn into quagmire
Concern is growing over the fate of PacWest, which many fear could be the latest victim of the banking industry's turmoil.
The difference between First Republic and SVB's collapse
While the two banks' failures have been attributed to similar root causes, the way the two have been handled by regulators has been markedly different.
Democrat sold First Republic stock, bought JP Morgan before collapse
Representative Lois Frankel traded stock in First Republic in mid-March after Silicon Valley Bank's collapse, a financial disclosure filing shows.
U.S. Treasury seeks to calm fears after First Republic Bank fails
Responsibility for the bank's assets and deposits has been taken over by JPMorgan Chase.
Regional Banks and Home Mortgages
If only the big national banks are left, they may make it harder for people to get the mortgages they need at the rate they want.
Who is Connor Sturgeon? Louisville bank shooter
The Louisville Metro Police Department said in a tweet on Monday morning that "the suspected shooter has been neutralized."
Banks face new threat as real estate collapse looms
If there is a commercial real estate collapse, Cornell's Robert Hockett told Newsweek that regional banks will likely be the ones "facing the fallout."
Crash worse than 2008 crisis predicted for commercial real estate
The sector, "already facing headwinds" from the pandemic's work-from-home shift, is expected to face "huge hurdles," according to a new Morgan Stanley report.
Why I Am Standing Up to Politicized Debanking
When banks retain unbridled discretion to cancel accounts for biased reasons, it undermines the freedom of everyday Americans to participate in society.
Joe Biden's handling of SVB collapse sounds alarm bells with voters
A majority of 70 percent of Americans think it's the government's responsibility to prevent bank failures like SVB's.
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.
Failed Banks Shouldn't Be Cash Machines for Disgraced Executives
Leaders from left to right agree that CEOs responsible for the failures should not profit from them.
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.
Who's To Blame for the Silicon Valley Bank Crisis?
Silicon Valley Bank was not just the second largest bank failure in the nation's history. It was also a harbinger of things to come.
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.
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.
Credit Suisse rescued after turbulent week
Credit Suisse recently said that it would borrow nearly $54 billion from the Swiss central bank in an attempt to address financial markets fears.
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."
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.
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.