Banks Archives - Page 3 of 59

Banks in Turmoil

Here's why the U.S. has so many banks

by Kristin Schwab

May 5, 2023

Deregulation has allowed lenders to operate across state lines, making it easier for banks to merge when they’re in trouble.

"Banking in this country is way more restrictive than in any other of the industrialized countries," says Richard Grossman, an economics professor.

David McNew/Getty Images

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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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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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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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Higher interest rates should mean more money for savers — but switching banks can be a hassle

by Matt Levin

Apr 18, 2023

The average yield for a savings account is under 1%. Depositors, however, don't always take the opportunity to get more.

Apple is offering a savings account, in partnership with Goldman Sachs, that pays more than 4% interest — way higher than the national average.

Patrick T. Fallon/AFP via Getty Images

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For public good, not for profit.

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Banks in Turmoil

Banks are borrowing less from the Federal Reserve

by Nancy Marshall-Genzer

Apr 14, 2023

That's good news, but banks are still borrowing a lot more from the Fed than they typically do.

New central bank data shows that banks borrowed about $9 billion less from the Fed in the week ending April 12, according to Krishna Guha, vice chair of Evercore ISI.

Kevin Dietsch/Getty Images

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Banks in Turmoil

The history of “too big to fail”

by Kai Ryssdal and Maria Hollenhorst

Apr 13, 2023

In the wake of the Silicon Valley Bank debacle, the 1984 failure of Continental Illinois remains relevant.

The head offices of Bear Stearns, left, and JPMorgan Chase in New York in March 2008. After Bear went bust, JPM acquired its remains for a small sum.

Don Emmert/AFP via Getty Images

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Despite a recent rough stretch for crypto, Wyoming still wants its business

by Will Walkey

Apr 7, 2023

Wyoming is continuing its efforts to bring cryptocurrency into the mainstream, but some are questioning whether that’s a good idea.

Caitlin Long, CEO of Custodia Bank, said that crypto has helped Wyoming diversify its economy.

Stefani Reynolds/AFP via Getty Images

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Banks

Here's why the U.S. has so many banks

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

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

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Small banks are doing just fine. Thanks for asking.

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

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

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Higher interest rates should mean more money for savers — but switching banks can be a hassle

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For public good, not for profit.

Banks are borrowing less from the Federal Reserve

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The history of “too big to fail”

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Despite a recent rough stretch for crypto, Wyoming still wants its business

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