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Trying to make sense of the recent banking turmoil? Start with our reading recommendations Show more
One of the world’s richest men knows why Silicon Valley Bank really failed: ‘People on iPhones’
fortune.com/2023/03/30/blackstone-ceo-steve-schwarzman-svb-iphones-contagion-wont-spread/
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Who will end up paying for the banking crisis: You: It cost the Federal Deposit Insurance Corporation about $23 billion to clean up the mess that Silicon Valley ...
cnn.com/2023/03/31/investing/premarket-stocks-trading/
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Trying to make sense of the recent banking turmoil? Start with our reading recommendations Show more
One of the world’s richest men knows why Silicon Valley Bank really failed: ‘People on iPhones’
fortune.com/2023/03/30/blackstone-ceo-steve-schwarzman-svb-iphones-contagion-wont-spread/
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Who will end up paying for the banking crisis: You: It cost the Federal Deposit Insurance Corporation about $23 billion to clean up the mess that Silicon Valley ...
cnn.com/2023/03/31/investing/premarket-stocks-trading/
Biden asks banking regulators to toughen some rules after recent bank failures: President Biden on Thursday urged banking regulators to take additional steps to ...
npr.org/2023/03/30/1167140976/biden-banks-regulators
European banks and the price of safety: Why the continent’s lenders are so different to those in America
economist.com/finance-and-economics/2023/03/30/european-banks-and-the-price-of-safety
Joe Biden Sidesteps Congress to Address Silicon Valley Bank Collapse: The Biden administration laid out steps that will require banks to protect themselves ...
newsweek.com/joe-biden-sidesteps-congress-address-silicon-valley-bank-collapse-1791616
Signature Bank stock crashed to pennies, then soared after trading reopened: Trading in the stock reopened at $0.41, and it later crashed to as low as $0.09 ...
markets.businessinsider.com/news/stocks/signature-bank-stock-price-crash-penny-trading-reopens-sbny-sivbq-2023-3
Silicon Valley Bank: What we learned, what’s next after the collapse: Silicon Valley Bank's collapse is prompting scrutiny of the bank's poor risk management and ...
foxbusiness.com/economy/silicon-valley-bank-what-we-learned-whats-next-after-the-collapse
SVB failure fueled by 'people on iPhones', won't spread: Blackstone CEO: Rapid withdrawals "by people on iPhones" and high interest rates caused Silicon Valley ...
markets.businessinsider.com/news/stocks/banking-crisis-turmoil-silicon-valley-bank-collapse-blackstone-steve-schwarzman-2023-3
What do banks do when no one is watching? It's up to bank examiners to find out: High-profile bank failures in the last several weeks are putting the spotlight ...
npr.org/2023/03/31/1167511385/what-do-banks-do-when-no-one-is-watching-it-s-up-to-bank-examiners-to-find-out
Should deposit insurance be expanded? About 40% of deposits, by value, are uninsured because they exceed the $250,000 that the government guarantees
Is your money safe in American banks?: Recent bank runs have spooked depositors
economist.com/the-economist-explains/2023/03/28/is-your-money-safe-in-american-banks
Bank of Canada 'ready to act' in event of extreme market stress: By Steve Scherer and David Ljunggren
reuters.com/business/finance/bank-canada-ready-act-event-extreme-market-stress-2023-03-29/
Biden pressures US regulators to toughen bank rules: The White House is urging bank overseers to get stricter with regional lenders, outlining a series of steps ...
finance.yahoo.com/news/biden-pressures-us-regulators-to-toughen-bank-rules-183301342.html
After the fall of Silicon Valley Bank, the idea of faster bank runs is understandably causing concern among analysts and legislators ... Show more
Did social media cause the banking panic?: New technology does more than just speed up financial wobbles
economist.com/finance-and-economics/2023/03/30/did-social-media-cause-the-banking-panic
White House: smaller community banks shouldn't shoulder the tab for 2 failed banks
npr.org/2023/03/31/1167297081/white-house-smaller-community-banks-shouldnt-shoulder-the-tab-for-2-failed-banks
Live updates: Federal regulators testify on the banking meltdown: US financial regulators have been called to testify before the Senate Banking Committee on ...
cnn.com/business/live-news/bank-hearings-stock-market-03-28-23/
Stock market just flashed sign that Silicon Valley Bank crisis is over: "If stocks do not make a new low post this crisis, the bears could capitulate ...
markets.businessinsider.com/news/stocks/stock-market-signals-silicon-valley-banking-crisis-over-volatility-vix-2023-3
SVB saw $142B in outflows in 2 days - El-Erian says that spells trouble: Silicon Valley Bank saw $142 billion in deposits flow out in just two days in a ...
markets.businessinsider.com/news/stocks/svb-142b-outflows-2days-mohamed-el-erian-tech-bank-runs-2023-3
Hiltzik: The bank deregulation hangover: Throughout the Trump presidency, his appointees eviscerated banking regulation. The collapse of Silicon Valley Bank was ...
latimes.com/business/story/2023-03-30/how-trumps-frenzy-of-deregulation-killed-silicon-valley-bank
BANKING FALLOUT OP-ED: South Africa’s surprise rate decision aligns with global prioritisation of inflation over the risk of a financial crisis
dailymaverick.co.za/article/2023-03-31-ss-rate-move-aligns-with-global-priority-of-inflation-over-risk-of-financial-crisis/
Biden says White House response to banking stress is 'not over yet': U.S. President Joe Biden said on Tuesday his administration had done what was possible to ...
reuters.com/markets/us/biden-says-banking-crisis-not-over-yet-2023-03-28/
Senate Democrats led by Elizabeth Warren press federal bank regulators to implement stronger capital requirements
cnbc.com/2023/03/30/silicon-valley-bank-democrats-press-regulators-on-capital-requirements.html
Lawmakers agree Fed wasn't tough enough with SVB. They disagree on fixes.: Democrats want the Federal Reserve to strengthen capital requirements on smaller ...
finance.yahoo.com/news/lawmakers-agree-fed-wasnt-tough-enough-with-svb-they-disagree-on-fixes-180710669.html
5 things we learned from the Senate hearing on the Silicon Valley Bank collapse: A top federal regulator called the failure of Silicon Valley Bank a "textbook ...
npr.org/2023/03/28/1166507714/senate-hearing-silicon-valley-bank-signature-bank-failure-collapse
SVB collapse could have ripple effects on minority-owned banks: Four minority founders reflect on the health of minority-owned banks in the U.S ...
npr.org/2023/03/28/1165604492/svb-collapse-could-have-ripple-effects-on-minority-owned-banks
Exclusive: U.S. regulator seeks sale of Silicon Valley Bank, Signature Bank portfolios, sources say
reuters.com/business/finance/us-regulator-seeks-sale-silicon-valley-bank-signature-bank-portfolios-sources-2023-03-31/
First Citizens to buy $72 billion in assets of failed Silicon Valley Bank, FDIC says
abcnews.go.com/Business/citizens-buy-72-billion-assets-failed-silicon-valley/story
First Citizens to Acquire Failed Silicon Valley Bank From FDIC: Banking regulators, which announced the deal late Sunday, had been looking for a buyer since ...
nytimes.com/2023/03/27/business/silicon-valley-bank-first-citizens.html
Banking regulators to face tough questions from US Congress following collapses: Lawmakers aim to determine how Silicon Valley Bank and Signature Bank failed ...
theguardian.com/business/2023/mar/28/svb-signature-bank-fail-congress-hearing
SVB collapse caused by ‘textbook case of mismanagement,’ Fed official says : Hearings this week will examine the collapses of Silicon Valley Bank and Signature ...
washingtonpost.com/business/2023/03/28/svb-congress-hearing-fed-fdic/
Silicon Valley Bank's chaos has been bittersweet for crypto and wine: Silicon Valley Bank's collapse earlier this month dealt a major blow to the wine and crypto ...
ctvnews.ca/business/silicon-valley-bank-s-chaos-has-been-bittersweet-for-crypto-and-wine-1.6335591
"A bomba relógio muito maior": A bolha imobiliária faz tremer os bancos americanos
n-tv.de/wirtschaft/Immobilienblase-laesst-US-Banken-zittern-article24017394.html
Signature Crypto Customers Get One Week To Remove Funds; Signet Is Up For Sale: Quick end to digital-asset accounts follows rapid closure of bank and leaves ...
forbes.com/sites/digital-assets/2023/03/29/signature-crypto-customers-get-one-week-to-remove-funds-signet-is-up-for-sale/
Fed’s Barr Acknowledges Oversight Lapses Before SVB Failure: The Federal Reserve’s top bank regulator on Wednesday said that supervisors could have done more to ...
bloomberg.com/news/articles/2023-03-29/us-regulators-grilled-on-preparations-for-digital-bank-run
Banks: Too Big to Fail: The largest financial institutions in the world may be based in the USA or China. But too big to fail applies above all to large banks in ...
zeit.de/wirtschaft/2023-03/bankenkrise-europa-grossbanken-too-big-to-fail
House lawmakers tear into top bank regulators in second hearing this week on SVB collapse
cnbc.com/2023/03/29/svb-hearing-house-lawmakers-tear-into-top-bank-regulators-in-second-hearing-this-week-on-collapse-.html
US regulators face tough questions on SVB, Signature Bank failures: Patrick McHenry, a North Carolina Republican who leads the House Financial Services Committee ...
bostonglobe.com/2023/03/29/business/us-regulators-face-tough-questions-svb-signature-bank-failures/
US Fed lending to banks ticks slightly lower in latest week: U.S. Federal Reserve emergency lending to banks was on balance fairly stable at very high levels as ...
reuters.com/markets/us/fed-lending-banks-ticks-slightly-lower-latest-week-2023-03-30/
Why it matters that Canadian banks have dodged the deposit exodus plaguing some U.S. banks
theglobeandmail.com/business/article-commercial-bank-deposits-canada-us/
US regulator cites 'terrible' risk management for Silicon Valley Bank failure: A top U.S. regulator told a Senate panel on Tuesday that Silicon Valley Bank did a ...
reuters.com/markets/us/us-regulators-face-sharp-questions-congress-over-bank-collapses-2023-03-28/
In Today’s Banking Crisis, Echoes of the ’80s: Losses at SVB, Signature and other banks reflect the risk from borrowing short and lending long.
wsj.com/articles/in-todays-banking-crisis-echoes-of-the-80s-thrift-delayed-recognition-risk-taking-deposit-insurance-svb-signature-cfdd2b37
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White House calls for tougher rules, stress tests for mid-sized banks in wake of crisis
financialpost.com/fp-finance/banking/white-house-seeks-tougher-banking-rules-stress-tests-post-crisis
Yanis Varoufakis: Blow up this banking system! How we tame the financial markets: Whether Silicon Valley Bank or Credit Suisse - this crisis was foreseeable ...
freitag.de/autoren/yanis-varoufakis/yanis-varoufakis-sprengt-dieses-bankensystem-so-zaehmen-wir-die-finanzmaerkte
Wall Street's sharpest investors making money from banking crisis, stock market crash
businessinsider.com/wall-street-elite-investors-svb-failing-banks-crisis-stock-market-2023-3
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Bank of Canada ready to step in if global financial crisis causes 'spillovers' to banks here
cbc.ca/news/business/crisis-canada-column-don-pittis-1.6794904
Silicon Valley Bank and Fed supervisors: what's known so far: A team of 20 bank examiners at the San Francisco Federal Reserve took over day-to-day supervision ...
reuters.com/business/finance/silicon-valley-bank-fed-supervisors-whats-known-so-far-2023-03-30/
What Really Caused the Banking Crisis?: Who’s to blame for SVB’s collapse and the fallout that ensued? WSJ Opinion staff and contributors analyze the root causes ...
wsj.com/articles/what-really-caused-the-banking-crisis-svb-fed-fdic-duration-interest-rate-risk-insurance-bailout-a8d37158
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SVB fallout puts focus on challenges faced by Japan’s regional banks: With a declining population, profit pressures and pandemic assistance measures set to ...
japantimes.co.jp/news/2023/03/29/business/regional-banks-scrutiny-svb-fallout/
First Citizens Bank Buying SVB—Here Are Other Failed Banks It Acquired: First Citizen Bank has acquired failed banks all over the country since the 2008 ...
forbes.com/sites/anthonytellez/2023/03/28/first-citizen-bank-buying-svb-here-are-other-failed-banks-it-acquired/
New rules for banks signaled after SVB, Signature failures: Top U.S. financial officials on Tuesday outlined what’s likely to be the biggest regulatory overhaul ...
latimes.com/business/story/2023-03-28/us-officials-signal-new-rules-for-banks-after-svb-signature-failures
First Citizens Bank to buy SVB's deposits, loans from FDIC: First Citizens Bank & Trust Co will buy all of Silicon Valley Bank's (SIVB.O) deposits and loans from ...
reuters.com/markets/deals/first-citizens-bank-buy-svbs-deposits-loans-fdic-2023-03-27/
GOP Lawmakers Accuse Fed of Being Lax before Bank Failure: WASHINGTON (AP) — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon ...
japannews.yomiuri.co.jp/news-services/ap/20230330-100475/
Bank of Canada watching for potential spillovers from global banking stresses: A senior Bank of Canada official says the central bank is keeping a close eye on ...
ctvnews.ca/business/bank-of-canada-watching-for-potential-spillovers-from-global-banking-stresses-1.6334306
Regulators flagged SVB ‘deficiencies’ in 2021, Senate panel is told: Federal regulators found “deficiencies” in Silicon Valley Bank’s liquidity risk management ...
sfchronicle.com/politics/article/silicon-valley-bank-senate-committee-hearing-17858692.php
Key bank regulators appear before Congress in first Silicon Valley Bank hearing: It's the first hearing about Silicon Valley Bank's collapse that ...
axios.com/2023/03/28/silicon-valley-bank-congress-hearing
Updates on Senate Hearing Probing SVB, Signature Bank Failures
bloomberg.com/news/live-blog/2023-03-28/senate-hearing-on-bank-failures
FDIC to consider bank size in applying 'special assessment fee': The U.S. Federal Deposit Insurance Corporation (FDIC) will take the plight of community banks ...
reuters.com/markets/us/fdic-consider-bank-size-applying-special-assessment-fee-2023-03-29/
Dow Climbs 200 Points As SVB Purchase Spurs Bank Rebound: But equities are in line for further declines if another "flood comes, warns Morgan Stanley's Michael ...
forbes.com/sites/dereksaul/2023/03/27/dow-climbs-200-points-as-svb-purchase-spurs-bank-rebound/
Bank of Canada ‘ready to act’ in event of market-wide banking stress: official: A senior Bank of Canada official says the central bank is keeping a close eye on ...
globalnews.ca/news/9587337/bank-of-canada-watching-global-banking-stresses/
FDIC hires Newmark Group to sell billions of Signature Bank debt - source: The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc (NMRK ...
reuters.com/business/finance/fdic-hires-newmark-group-sell-billions-signature-bank-debt-wsj-2023-03-29/
Bank of Canada 'ready to act' in event of extreme market stress: The Bank of Canada said it was ready to step in with support if the banking system came under ...
financialpost.com/fp-finance/banking/bank-canada-would-act-market-stress
Europe banks can lose 38% of deposits before having to sell assets at a loss-research
reuters.com/business/finance/europe-banks-can-lose-38-deposits-before-having-sell-assets-loss-research-2023-03-29/
The butterfly effect: How the failure of a small US bank toppled a giant in Switzerland
smh.com.au/business/banking-and-finance/the-butterfly-effect-how-the-failure-of-a-small-us-bank-toppled-a-giant-in-switzerland-20230329-p5cw6k.html
Fed official: Bank rules under review in wake of Silicon Valley Bank failure: Michael Barr, the nation’s top banking regulator, spoke Tuesday during a Senate ...
english.elpais.com/economy-and-business/2023-03-28/fed-official-bank-rules-under-review-in-wake-of-silicon-valley-bank-failure.html
Fed's Barr calls Silicon Valley Bank failure a 'textbook case of mismanagement': The Federal Reserve's top banking regulator said Monday that the failure of ...
cnbc.com/2023/03/27/feds-barr-calls-silicon-valley-bank-failure-a-textbook-case-of-mismanagement.html
Three Things to Watch as Congress Begins Banking Hearings: Congressional committees are poised to start probing the collapse of Silicon Valley Bank and Signature ...
bloomberg.com/news/articles/2023-03-27/three-things-to-watch-as-congress-begins-banking-hearings
Where WA keeps its money: Most is tied up in a handful of huge banks: With the recent high-profile failures of two banks, here's the latest data on banks and ...
seattletimes.com/seattle-news/banks-are-melting-down-heres-where-wa-keeps-its-money/
Small banks lost $120 billion in deposits during SVB tumult: Customers withdrew $120 billion from regional banks in one week, while giving $67 billion to ...
finance.yahoo.com/news/small-banks-lost-120-billion-in-deposits-during-svb-tumult-210531254.html
Joe Biden calls on US regulators to toughen rules for large regional banks: Push to unwind Trump-era rule changes comes as policymakers consider long-term ...
ft.com/content/927e912e-7aac-473a-88d7-99af1754a127
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As banking sector confidence falters, central banks called on to do more: Some investors and analysts are calling for more coordinated interventions from central ...
reuters.com/business/finance/banking-sector-confidence-falters-central-banks-called-do-more-2023-03-26/
5 ways the fallout from the banking turmoil might affect you: There are possible consequences still playing out for regular people, small businesses and the ...
npr.org/2023/03/21/1164263563/silicon-valley-credit-suisse-bank-collapse
Asian shares mostly rise on relief over U.S. bank strength | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/14872062
Biden urges US regulators to restore tougher rules on midsize banks: null
newvisionapp.page.link/cNZdNk1egzCuBnL27
The “complementary” relationship between banks and fintechs: Silicon Valley Bank was considered the tech industry's preferred financial institution ...
wiwo.de/finanzen/geldanlage/verkehrte-finanzwelt-die-komplementaere-beziehung-von-banken-und-fintechs/29055624.html
Asian shares mostly rise on relief over U.S. bank strength: Asian shares were mostly higher on Tuesday as investors got some relief from worries over troubled U ...
japantoday.com/category/business/asian-shares-mostly-rise-on-relief-over-us-bank-strength
Banking crisis: Have we learnt nothing?: Following the downfall of multiple US banks, Credit Suisse, as well as uncertainty about Deutsche Bank, the EU
euractiv.com/section/economy-jobs/opinion/banking-crisis-have-we-learnt-nothing/
Fed's Jefferson: Stress among small, regional banks, could hit small businesses hardest
reuters.com/markets/us/feds-jefferson-still-learning-impact-tighter-monetary-policy-2023-03-27/
Opinion: Canadians should thank heaven for the Bank Act: Canadian banking system is generally regarded as one of the safest in the world and Canadians have the ...
financialpost.com/opinion/opinion-canadians-thankful-banking-act
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Senate committee questions federal regulators over US bank crisis: Tuesday marked the US Senate’s first public hearing into the collapse of Silicon Valley Bank ...
aljazeera.com/news/2023/3/28/senate-committee-questions-federal-regulators-over-us-bank-crisis
The White House wants to reverse Trump-era banking deregulation: The Biden administration’s recommended rules would target banks with $100 billion to $250 ...
qz.com/biden-trump-banking-rules-silicon-valley-bank-1850286898
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