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Banks in Turmoil

Have short sellers been tanking bank stocks? Group wants SEC to investigate

by Kimberly Adams
May 5, 2023
Short selling's legal. Misrepresenting a firm's finances for profit isn't.
Short sellers bet against First Republic Bank. The American Bankers Association is urging the Securities and Exchange Commission to see if market manipulation was involved.
Justin Sullivan/Getty Images
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Banks in Turmoil

Why Jamie Dimon is the CEO that bridges Wall Street and Washington

by Kai Ryssdal , Sean McHenry and Livi Burdette
May 4, 2023
Emily Flitter of The New York Times explains how the head of JPMorgan became one of the key people trying to shore up the banking system.
"It's not like Jamie Dimon has dictatorial control over the situation the way John Pierpont Morgan Sr. did, but there are some incredible similarities," says New York Times reporter Emily Flitter. Above, the JPMorgan Chase CEO.
Drew Angerer/Getty Images
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Apple's savings account upends traditional banking — or does it?

by Mitchell Hartman
May 4, 2023
The accounts certainly look traditional, except they also come from a non-banking global brand.
An Apple logo is displayed at store in Shanghai on May 10, 2019.
Hector Retamal/AFP via Getty Images
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Banks in Turmoil

Why 2008 financial crisis regulations didn't prevent the recent bank failures

by Matt Levin
May 3, 2023
Three major bank failures in two months. What happened to all those regulations?
"SVB was among the large regional banks that really should have been engaging in stress testing and wasn’t," said Columbia Law professor Kathryn Judge.
Noah Berger/AFP via Getty Images
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Fed raises key interest rate but hints it may pause amid bank turmoil

by Associated Press
May 3, 2023
The Fed’s rate increases over the past 14 months, aimed at quelling inflation, have elevated the cost of loans and heightened the risk of a recession.
The Federal Reserve signaled that it may pause its series of rate hikes, which have made borrowing more expensive in a bid to quell inflation. Above, Fed Chair Jerome Powell in March.
Alex Wong/Getty Images
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Banks in Turmoil

Small banks are doing just fine. Thanks for asking.

by Kimberly Adams
May 1, 2023
Main Street banks, often more diversified and risk-averse than Wall Street banks, are largely shrugging off First Republic’s meltdown.
Although depositors pulled $100 billion out of smaller banks in the aftermath of Silicon Valley Bank's failure, the collapse of First Republic has so far been met with a more muted response.
Spencer Platt/Getty Images
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A Warmer World

Big banks are succeeding at turning a profit, struggling to meet climate commitments

by Ali Budner
Apr 27, 2023
Two recent studies show the biggest banks are still not doing enough to meet the goals of the Paris Climate agreement.
If banks over-invest in fossil fuels, "They're going to suffer consequences in terms of profitability later on," said UC Santa Cruz professor Galina Hale.
Frederic J. Brown/AFP via Getty Images
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The debt limit is not a tool for "extortion," Biden adviser Lael Brainard says

by Kai Ryssdal , Sean McHenry and Sarah Leeson
Apr 26, 2023
The new head of the National Economic Council on inflation, supply chains, jobs and post-SVB bank regulation.
The investing in America agenda “is transformative," Lael Brainard says. "It has the power to reindustrialize the U.S. economy."
Drew Angerer/Getty Images
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Banks in Turmoil

The Treasury Department wants to apply more scrutiny to financial institutions that aren't banks

by Justin Ho
Apr 25, 2023
Several of them were responsible for the 2008 financial crisis.
Several nonbanks, including Bear Stearns, were partially responsible for the 2008 financial crisis.
Chris Hondros/Getty Images
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I've Always Wondered ...

What would happen if paper money became obsolete?

by Janet Nguyen
Apr 21, 2023
A large number of Americans have gone cashless, but many still have to rely on it.
Cash is still here to stay.
OZAN KOSE/AFP via Getty Images
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