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The Latest Breaking News from FDIC

SVB Collapse: Federal Reserve Reviewing Bank Failure

The results of a review of why Silicon Valley Bank in California failed will be released by the Federal Reserve in May.

The Street

Top Obama economist has a 3-point plan to prevent more bank failures

SVB’s collapse is dangerous to a stable financial system, and a blueprint of what banking should not do.

Fortune

How Silicon Valley Bank's collapse may affect crypto companies

SVB’s failure was the biggest bank collapse since Washington Mutual Bank in 2008.

Fortune

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SVB: Mark Cuban and Bill Ackman Used Their Influence to Corner Regulators

Influential voices from Wall Street and Silicon Valley used social media to urge regulators to rescue Silicon Valley Bank depositors. The strategy worked.

The Street

The SVB implosion shows why FDIC insurance is so important

For those with plenty of liquid assets, knowing how FDIC insurance works can save potential headaches down the line.

Fortune

Mark Cuban Calls For Major Change After SVB Collapse

The Street

SVB Collapse: Top Social-Media Influencers Can Claim a Historic Victory

Influential voices from Wall Street and Silicon Valley used social media to urge regulators to rescue Silicon Valley Bank depositors. The strategy worked.

The Street

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FDIC official warned 4 years ago that uninsured regional bank deposits were an ‘underappreciated risk.’ No one listened, and we’re now paying the price

Regional banks “pose very significant challenges” for regulators, an FDIC board member wrote in 2019, long before Silicon Valley Bank’s failure.

Fortune

SVB Collapse Has Extreme Consequences For These Companies

Many businesses are now struggling to pay their employees.

The Street

Hedge Fund Manager Calls For Government Intervention As Elon Musk Open To The Idea Of Buying SVB

Bill Ackman calls on the federal government to step in to solve the failed bank as Elon Musk is open to buying the bank

Zenger

Michael Pascoe: Silicon Valley Bank downfall will increase nerves in a precarious sector

Silicon Valley Bank, an institution that specialised in tech, might seem a long way away from Australia, but we should take note.

The New Daily

Will Silicon Valley Bank's collapse spark a US recession with ripple effects across the globe?

Based in California and with about $US200 billion in assets, Silicon Valley Bank (SVB) was the 16th-largest in America, making it the biggest bank failure since the global financial crisis of 2008. The implications for financial markets and the global economy are big.

ABC News

Avoiding the ‘B-word’: is the US response to SVB’s collapse a bailout?

Given the antipathy towards Wall Street bailouts in the 2008 crisis, Biden is at pains to stress that ‘no losses’ will be borne by taxpayers

The Guardian - US

Feds backstop all deposits of failed Silicon Valley Bank, second Bay Area bank plunges

SANTA CLARA, California — Federal officials moved to insure all deposits at failed Silicon Valley Bank, hoping to inoculate the banking system against contagion, but shares of another Bay Area regional bank plunged on Monday.

Tribune News Service

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Fortune

What happens to your money if your bank fails, plus expert tips on protecting your money

With more than $110 billion in assets, Signature Bank just became the third-largest bank failure in U.S. history. Here’s what consumers need to know about bank failures and protecting their money.

The Independent UK

Silicon Valley Bank collapse: What you need to know

Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe

The Street

Dodd-Frank Co-Author, a Director of Failed Signature Bank, Touts Reforms

Barney Frank stands by the legislation he helped pass: the 2010 Dodd-Frank Act. And he questions the closure of Signature Bank.

Investors Business Daily

Schwab Stock Drops Amid Financial Freakout — Is Your Money Safe?

Looks like the financial stock market freakout is taking down more than just regional banks. Charles Schwab is feeling the heat too.

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news in one place.

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Investors Business Daily

SVB Financial Crash: 15 Years After Bear Stearns, Has The Fed Upgraded Its Response?

What's the federal response to failing banks 15 years after Bear Stearns crumbled?

Investors Business Daily

Dow Jones Rises With Gold, Bitcoin Amid Bank Sell-Off; Analysts See Rate Freeze In March

The Dow Jones Industrial Average rose at noon after early volatility Monday, following last week's steep sell-off.

The Street

SVB Collapse: Biden Says Failed-Bank Managers to Be Fired, Regulations Tightened

U.S. regulators have unveiled an emergency plan to guarantee the deposits of two banks that they closed within 48 hours.

Investors Business Daily

Fed May Pause Rate Hikes As Bank Stocks Keep Sliding, Despite New Rescue Fund

The Federal Reserve may not hike next week as the failure of SVB and two other banks shows the risk of moving too fast. Bank stocks fell further Monday.

Chicago Sun-Times

‘Your deposits will be there when you need them,’ president says

President Joe Biden on Monday moved to assure the public after the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

Reason

Everyone Is Learning the Wrong Lessons From the Silicon Valley Bank Collapse

Plus: Fox News troubles, junk statistics about illicit economies, and more...

The Street

Two Bank Failures Leave Wall Street On Edge Ahead Of Busy Economic Week

Wall Street is still grappling with the failure of SVB and Signature Bank as it also prepares for a busy week of economic data.

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