JPMorgan Chase’s nickel bags turn out to be full of stones: report
An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.
Jamie Dimon leading efforts for new First Republic Bank rescue plan
First Republic Bank faced a second credit rating downgrade on Monday amid concerns that the troubled San Francisco lender needed another liquidity boost.
White House says talks in the works for Secretaries Yellen, Raimondo to visit China, discuss economic issues
A potential visit by Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo is in the works, National Security Council Spokesman John Kirby revealed Monday.
First Republic shares plummet after another S&P credit rating hit
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.
FDIC extends bid window for Silicon Valley Bank entities
The FDIC announced Monday it will allow more time for potential suitors to bid on the former Silicon Valley Bank, which has been split in two for a sale.
Bank turmoil could bring 'vicious' end to bear market, Morgan Stanley says
Morgan Stanley economist Michael Wilson said the recent banking-sector crisis is likely to bring an "early and painful" stages of exiting the bear market.
New York Community Bankcorp shares soar on Signature deal
New York Community Bank shares are up on Monday after the company announced it would purchase financial and strategic complimentary assets from Signature Bridge Bank for roughly $38 billion.
Stuart Varney: Bailouts are bad, but a crash is worse
FOX Business' Stuart Varney discussed whether politicians would bail out banks as they did during the 2008 crisis, arguing an economic collapse is worse than a government bailout.
UBS reaches agreement to buy Credit Suisse after upping offer
UBS reportedly reached a deal with Swiss regulators to buy Credit Suisse for $2 billion in a move to prevent the potential collapse of Credit Suisse from roiling markets.
How Bitcoin is benefiting from the banking crisis
The crypto winter that battered Bitcoin prices appears to be thawing as the U.S. banking crisis roils investors and calls into question the Federal Reserve's rate hike strategy.
Federal Reserve sounded alarm about Silicon Valley Bank's risk management in 2019: report
The Federal Reserve reportedly issued multiple warning about Silicon Valley Bank's risk management starting at least four years before the bank's implosion.
San Francisco Fed criticized for missing Silicon Valley Bank’s red flags
The Federal Reserve Bank of San Francisco is facing mounting criticism after Silicon Valley Bank, which was under its supervision, collapsed following a bank run by depositors.
SVB collapse: Venture capitalist points to ‘silver lining’ in fallout
Venture capitalists and startups are still reeling from the collapse of Silicon Valley Bank, but one investor says the lender's failure will be good for the community in the long run.
New York Community Bank agrees to purchase failed Signature Bank
The Federal Deposit Insurance Corporation announced a new deal for the failed Signature Bank to be purchased. The bank collapsed just days after the Silicon Valley Bank.
FDIC considers breaking up Silicon Valley Bank, relaunching sale process: report
The Federal Deposit Insurance Corporation (FDIC) is reportedly considering breaking up Silicon Valley Bank into at least two entities as it auctions off the failed bank's assets.
Fed blinking in 'front of financial instability' is the 'worst thing they can do,' warns economic adviser
Allianz chief economic adviser Mohamed El-Erian discussed how the Federal Reserve's management led to the Silicon Valley Bank failure and other bank crises.
Credit Suisse and banking crisis, Fed meeting, Nike earnings top week ahead
The future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.
UBS offers to buy embattled Credit Suisse for $1 billion: report
Swiss banking giant UBS offered to buy rival Credit Suisse for $1 billion as Swiss authorities push for a deal in a bid to help restore faith in the banking system.
Elizabeth Warren calls for investigation into downfall of SVB, Signature Bank
Sen. Elizabeth Warren is calling for an investigation of what led to the collapse of Silicon Valley Bank and Signature bank this month, demanding answers from the FDIC.
First Citizens emerges as possible suitor for Silicon Valley Bank
First Citizens BancShares is reportedly weighing a possible bid for the failed Silicon Valley Bank.