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Banks in Turmoil

Smaller banks keep a close watch over their liquidity

by Justin Ho
Mar 20, 2023
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.
If more people get anxious about the banking system, they may start withdrawing their money, said University of Alabama law professor Julie Hill.
Saul Loeb/AFP via Getty Images
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Banks in Turmoil

The banking crisis: What you actually need to know

by Dylan Miettinen
Mar 17, 2023
Even if you don’t bank with Silicon Valley Bank or Signature Bank, the fallout from their collapse has probably grabbed your attention.
Given that the collapse of Silicon Valley Bank marked the largest bank failure since 2008, it can feel easy to draw comparisons to the start of the Great Recession.
Olivier Douliery/AFP via Getty Images
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Banks in Turmoil

Banks working on rescue plan for First Republic, AP sources say

by Associated Press
Mar 16, 2023
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.
First Republic serves a similar clientele as Silicon Valley Bank, which failed Friday after depositors withdrew about $40 billion.
Justin Sullivan/Getty Images
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Banks in Turmoil

Regional banks rush to reassure customers after SVB failure

by Savannah Maher
Mar 15, 2023
They're letting depositors know that their money is safe and highlighting differences between their banks and the ones that failed.
Above, people line up to try to retrieve funds at a Silicon Valley Bank branch on March 13. That anxiety has spilled over to customers who use other regional banks.
Justin Sullivan/Getty Images
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Banks in Turmoil

Federal bank regulators are getting most of the attention, but states oversee banks too

by Justin Ho
Mar 14, 2023
The feds didn’t take possession of Silicon Valley Bank and Signature Bank. That was up to state regulators in California and New York.
Signature Bank and Silicon Valley Bank were state chartered, which is why state regulators stepped in first.
Spencer Platt/Getty Images
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Banks in Turmoil

Did regulation fail in the recent bank failures?

by David Brancaccio and Erika Soderstrom
Mar 14, 2023
Regulators likely failed to catch and act upon red flags at both failed banks, argues Wharton professor Peter Conti-Brown.
Regulators likely failed to curtail poor practices at Signature Bank (pictured) and Silicon Valley Bank, said Wharton professor Peter Conti-Brown.
Ed Jones/AFP via Getty Images
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Banks in Turmoil

Regulators designated SVB and Signature Bank as systemic risks. But are they really?

by Lily Jamali
Mar 13, 2023
The collapsed banks were granted a "systemic risk exception," which means the Federal Deposit Insurance Corp. can guarantee uninsured deposits.
Though Silicon Valley Bank had assets of $209 billion, some economists question whether its failure presented "systemic risk" to the banking system or the economy.
Noah Berger/AFP via Getty Images
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