The Latest Breaking News from FDIC

The proposals come in an internal review that found looser rules were a key culprit behind Silicon Valley Bank's collapse.

Recent bank failures may have you worried about your money

The bank's stock has dropped more than 60% since Monday, after a weak first-quarter earnings report.

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.22%. U.S. stock index futures this morning are moderately lower. Weakness in technology stocks is weighing on the overall market after Amazon.com gave up a +12%...

The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.

The Australian share market has fallen for the fifth session in a row, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion.

In the race to offer the highest yields on savings, Apple expanded its cash ecosystem (Apple Pay, Apple Card, and “Pay Later”) with a 4.15% offer.

Futures: Meta Platforms boomed on earnings, but megacap techs can't hide broad market rally weakness. First Republic dived again.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.64%. Stock indexes Wednesday settled mixed, with the S&P 500...