Banking

The European Central Bank announced another big spike in interest rates as the global banking sector reels from SVB, Credit Suisse and potential bank collapses.

Silicon Valley Bank collapsed late Friday morning after a run on the bank, roiling global financial markets amid fears of a possible liquidity crisis.

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.

The Biden administration has insisted taxpayers will not be on the hook for the recent bailout of SVB, but a Heritage economist says that "doesn't pass the smell test."

Credit Suisse announced it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank to boost liquidity.

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.

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.

The Federal Reserve on Wednesday announced it will roll out a new FedNow Service that allows banks to process instant payments beginning in July and is looking for early adopters.

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.

The State Financial Officers Foundation is criticizing the now-failed Silicon Valley Bank for failing to properly manage risk while pursuing ESG initiatives.

Democratic Sen. Elizabeth Warren tells FOX Business that some of Fed Chair Jerome Powell's banking policy "danger" has shown itself, and he should recuse himself.

People with direct knowledge of the matter say banks that were previously open to working with crypto clients, including JPMorgan and Bank of America, are now turning away.

In total, investors and depositors initiated withdrawals equating to about $42 billion in deposits from the bank on Thursday alone, causing a run on the bank, according to a regulatory filing.

Silicon Valley Bank and Signature Bank donated primarily to Democrat candidates and groups over the past few years leading to their closure.

FOX Business' Stuart Varney discussed how President Biden might handle the U.S. banking crisis as the stock market tumbles and bank worries spread to Europe.

After the FDIC seized Silicon Valley Bank, some customers knew their money was insured, others were left hanging until regulators stepped in.

After predicting a high probability of a market crash within the next 60 days, The Bear Trap Report's Larry McDonald weighs in on "the beast" that will now force Fed action.

Top Democrats in Washington are rushing to give back or donate funds they received from Silicon Valley Bank and its leadership after the company collapsed last week.

Credit Suisse saw its stock sink to a record-low price level Tuesday in the morning, with shares for the bank subsequently being priced around $2.50 by afternoon.

Credit Suisse on Tuesday published its annual report for 2022 saying it identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows.