Study finds 186 banks vulnerable to SVB-like collapse
A Social Science Research Network study says that 186 American banks could be vulnerable to the same failure as Silicon Valley Bank (SVB) if half of their depositors withdraw money.
Silicon Valley Bank collapse: Shopify wires money to merchants with payroll problems
Shopify became a White Knight for some of its merchants who used Silicon Valley Bank by making what was a rare move in the cutthroat world of big business this week.
US home prices post first annual decline since 2012
The median U.S. home sale price dropped 1.2% in February, marking the first year-over-year decline in a decade, according to a new report from Redfin.
Banks borrow record-breaking $160B from Fed crisis lending programs
The Federal Reserve's emergency bank lending surged to a record high this week amid fallout from the collapse of Silicon Valley Bank and Signature Bank.
First Republic shares continue to slide despite $30B cash infusion
The $30 billion rescue deal announced on Thursday by nearly a dozen U.S. banks did little to calm investor fears over the health of First Republic Bank.
March Madness will cost employers $17B this year as workers slack off
The cost of lost worker productivity for employers due to March Madness will reach an eye-popping amount this year, Challenger, Gray & Christmas estimated.
Credit Suisse faces lawsuits from US shareholders for allegedly concealing financial woes
U.S. shareholders have filed lawsuits against Credit Suisse alleging the bank misled customers about its financial status and violated securities laws in the process.
Recession fears rise: More than half of Americans say they'd lose everything
More than half of Americans fear a recession is coming in 2023. Here’s how to manage your finances in any economy.
Silicon Valley Bank collapse will 'definitely' impact real estate, developer warns
Witkoff CEO Steve Witkoff and Royal Palm Companies CEO Dan Kodsi discuss the Silicon Valley Bank collapse and its heavily anticipated impact on real estate.
Dollar General invests $100M in staffing, store enhancement
Discount retailer Dollar General is investing further into its staffing. However, its focus will be on 'investing in hours' according to CEO Jeff Owen,
FCC adopts first rules cracking down on text messaging scams
The Federal Communication Commission (FCC) announced its first regulations that specifically target robotext messages used to promote phishing links and install malware.
Real estate ‘sweet spot’ puts sellers in drivers seat
Although it's hard to time the real estate market right, there is one week out of the year that has historically given sellers the upper hand. That week is roughly a month away.
First Republic Bank reportedly exploring potential sale after credit downgrade
The Silicon Valley Bank crisis has spread throughout the financial sector, with First Republic Bank now exploring a potential sale after its credit downgrade by Fitch.
How SVB’s collapse could affect interest rates
The collapse of Silicon Valley Bank (SVB) and Signature Bank has spread fear and uncertainty in the banking sector. But the FDIC has long offered some protection to individual depositors of insured banks. Here’s what you need to know.
Credit Suisse to borrow up to $54B from Swiss National Bank
Credit Suisse announced it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank to boost liquidity.
One year into its inflation fight, the Fed faces a murky future
The Fed began raising interest rates one year ago. Where it goes from here remains murky as it continues to confront high inflation and bank sector turmoil.
LARRY KUDLOW: The left-wing ideologues at the FDIC are still on their hands
FOX Business host Larry Kudlow reacts to Federal Reserve Chair Jay Powell's new backstops on U.S. banks on "Kudlow" amid Silicon Valley Bank's collapse.
Swiss National Bank says it will give Credit Suisse backing 'if necessary'
Swiss National Bank indicated in a statement Wednesday with the Swiss Financial Market Supervisory Authority it would step in to back Credit Suisse if necessary.
Bank turmoil raises investor bets on big Fed rate cuts this year
The odds that the Federal Reserve cuts interest rates in May by a quarter-percentage point jumped in the wake of multiple crises within the banking sector.
Silicon Valley Bank reckless with risk, ESG push: State Financial Officers
The State Financial Officers Foundation is criticizing the now-failed Silicon Valley Bank for failing to properly manage risk while pursuing ESG initiatives.