Warren Buffett talks banking crisis with Biden team
Warren Buffett has held discussions with the Biden administration to help in in the current financial crisis.
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.
UBS closing in on deal to take over struggling Credit Suisse bank: report
The Wall Street Journal reported Saturday that UBS is nearing a deal to acquire Credit Suisse in a deal to save the bank amid a global banking crisis.
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.
Banking system on the verge of a 'Bear Stearns moment': Former FDIC chair
Former FDIC Chair Sheila Bair warns the fallout from the Silicon Valley Bank and Signature Bank collapse could echo the 2008 Bear Stearns collapse.
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.
Biden backs tougher penalties for executives of failed banks in wake of collapses
President Biden released a statement Friday encouraging harsher penalties on bank executives who mismanage their institutions into financial collapse.
'Shark Tank' star Kevin O'Leary destroys 'really bad policy' in Democrat-run states
"Shark Tank" star and millionaire entrepreneur Kevin O'Leary says every American should be asking themselves why their money is being used to backstop bad policy.
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.
Mortgage rates drop amid bank closure fears: Freddie Mac
The average rate for a 30-year fixed-rate mortgage declined to 6.6% this week amid bank closure fears and interest rate speculation.
Silicon Valley Bank's holding company files for Chapter 11 bankruptcy protection in NY
SVB Financial Group on Friday announced it has filed for Chapter 11 bankruptcy protection in the Southern District of New York in order to preserve its value.
How First Republic rescue, Silicon Valley Bank could cost Main Street America
In wake of recent issues with First Republic and Silicon Valley Bank, community bank leaders tell FOX Business that sharing the financial burden with larger institutions is unfair.
Silicon Valley Bank had no official chief risk officer ahead of collapse but employed DEI executive
Silicon Valley Bank did not employ a chief risk officer from April 2022 to January 2023, leading up to its collapse last Friday; but it did employ a chief DEI officer in that time.
CCP-linked Silicon Valley Bank depositors could be 'made whole' by US: Yellen
Treasury Secretary Janet Yellen said that Chinese Communist Party-linked (CCP) depositors of Silicon Valley Bank could be "made whole" by the U.S. banking system.
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.
First Republic Bank executives sold $12 million in stock in months before crash
Top executives of First Republic Bank sold millions of dollars of company stock before the bank’s shares plummeted during the panic over the health of regional lenders.
Peter Thiel says he had $50M in Silicon Valley Bank when it shut down
PayPal co-founder Peter Thiel claims he had $50 million of his own money in Silicon Valley Bank when it collapsed, despite warnings from his own Founders Fund.
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.
Barstool’s Dave Portnoy sounds off on Silicon Valley Bank rescue: ‘That’s not right’
Barstool Sports founder Dave Portnoy criticizes federal regulators for bailing out "bad businesses," claiming that nobody rescues him when he runs out of money.
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.