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It may be hard to tell from some data out Friday, which is for February. But we may still get a read on whether consumer sentiment is changing.
Examiners are the government employees who monitor a bank’s safety and soundness. What happened in the case of Silicon Valley Bank?
One concern: People will put their money in a bigger bank. But there’s a good reason to leave it in smaller institution, one banker says.
Even if you don’t bank with Silicon Valley Bank or Signature Bank, the fallout from their collapses has probably grabbed your attention.
Investing in long-term government bonds and mortgage-backed securities hurt the bank as interest rates rose and bond prices plummeted.
A group of Wall Street banks is planning a rescue package of around $30 billion for First Republic Bank, sources told The Associated Press on Thursday.
SVB has a “$15 billion hole,” says Semafor’s Liz Hoffman. Banks big enough to take on the challenge were initially not invited to bid.
They’re letting depositors know that their money is safe and highlighting differences between their banks and the ones that failed.
The failure of Silicon Valley Bank and Signature Bank has put a spotlight on the stability of regional banks.
The feds didn’t take possession of Silicon Valley Bank and Signature Bank. That was up to state regulators in California and New York.