Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Silicon Valley Bank

Stocks Lower After Fed Hike, Apple Earnings On Deck, Qualcomm Slides, PacWest Plunges, Etsy Jumps - 5 Things To Know

Stock futures slip amid hints from Fed on rate cycle, more bank woes; Apple earnings on deck with iPhone demand depth in focus; Qualcomm slumps as muted outlook clouds Q2 revenue beat; PacWest plunges as bank confirms its weighing strategic options and Etsy jumps after solid Q1 earnings, robust sales…

The Street

The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

The U.S. has more than 4,500 banks — more banks than any other country. That huge number of lenders has shaped the economy in countless ways, but it also can pose risks.

WEKU

First Republic: will UK banks survive unscathed?

The Treasury has sought to reassure the public that the British banking system is safe after First Republic became the third major US bank to fail in two months.

The Week

From analysis to the latest developments in health,
read the most diverse news in one place.

The Fed raises interest rates again in what could be its final attack on inflation

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

WEKU

Four U.S. Banks Have Collapsed. Which One Is Next?

Four U.S. regional banks failed in March and April. Stocks of smaller banks continue to sell off, a sign that the banking crisis is not over despite regulators' efforts.

The Street

Elizabeth Warren says U.S. taxpayers will have to foot the bill if JPMorgan ‘stumbles’ after First Republic buyout

The Democratic senator raised concerns about the deal reigniting the “too big to fail” problem.

Fortune

Former CEOs of failed banks to testify before Senate panel

The former top executives of two failed banks will testify before Congress this month

The Independent UK

Read news from The Economist, FT, and more,
with one subscription

Is the banking crisis coming to an end? As JP Morgan CEO notes, risks linger

Jamie Dimon says this phase of bank collapses is over, but ‘other cracks in the system’ could still be revealed

The Guardian - UK

Charlie Munger Warns That The Fall Of Property Values With Banks Full Of Bad Loans

Berkshire Hathaway distanced itself from Silicon Valley Bank and Signature Bank with history supporting instable banks.

Zenger

What Happened to Silicon Valley Bank? Why Is It in Trouble?

Silicon Valley Bank (SVB) was a regional bank located in the San Francisco Bay area. Founded in 1983, it specialized in granting loans to startup tech firms. According to the company’s website, in 2022, SVB funded nearly half of all venture-backed tech- and healthcare-related IPOs. Some of its ...

The Street

Twitter played a role in the collapse of Silicon Valley Bank – new research

The Research Brief is a short take about interesting academic work.

The Conversation

HSBC profit rockets on rising interest rates

London (AFP) - Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank.

AFP

VCs aren’t convinced JPMorgan’s acquisition of First Republic stems the crisis

“I think people will remain skittish for quite some time” after the collapse of First Republic, Cake Ventures’s Monique Woodward says.

Fortune

Where’s your money? Your bank should be able to tell you

The recent bank failures may have felt like 2008 deja vu because they similarly expose the weak spots in the system that have not been resolved.

Fortune

Get all your
news in one place.

100’s of premium titles.
One news app.

The Guardian - UK

HSBC rules out banking crisis as profits triple after Silicon Valley Bank deal

Failure of four banks in six weeks is purely a sign of poor risk management, says chief executive

The Hindu

Asia-Pacific to grow 4.6% in 2023; India, China to contribute half of global growth: IMF

India and China, the two largest emerging market economies of the region, are expected to contribute around half of global growth.

Chicago Sun-Times

First Republic Bank seized, sold in fire sale to JPMorgan

In the second-largest bank failure in U.S. history, officials seize First Republic Bank, selling its deposits and most of its assets. It’s the third midsize bank to fail in two months.

Zenger

Elon Musk Fires Off A Warning Of A Financial Crisis As First Republic Bank Falls

The Federal Reserve is poised to for another hike in the interest rate as Musk warns of a possible recession in the coming future.

Get all your
news in one place.

100’s of premium titles.
One news app.

Bangkok Post

SVB's collapse shows Fed failure to supervise banks

The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world. Although Federal Reserve officials have taken pains to assure the public that the US banking system is sound, it is unclear why anyone should believe them. After all, Fed Chair Jerome…

Investors Business Daily

First Republic Bank Is The Second-Largest U.S. Bank Failure. What Comes Next?

First Republic Bank marked the 2nd largest bank failure in U.S. history. Are there more to come? What comes next from regulators?

The Independent UK

Why First Republic failed. Are other banks to follow?

First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks

The Street

FDIC Has An Idea to Avoid Bank Runs

The FDIC recommends increasing the amount of deposit insurance after failures of several banks due to panicked depositors.

Salon

First Republic Bank collapses, seized

"Ultimately taxpayers will be on the hook," Sen. Elizabeth Warren warned

Reason

Regulators Seize First Republic Bank and Sell It to JPMorgan Chase

Plus: Twitter complies with a greater portion of government censorship requests, a judge allows an antitrust suit against Google to go forward, and more...

AFP

JPMorgan buys First Republic after regulators seize control

New York (AFP) - US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.

1 … 4 5 6 7

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

International Monetary Fund

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.