Silicon Valley Bank: the multiple warnings that were missed Ahead of the first official postmortem on its collapse, bankers, regulators and executives admit that it was a crisis hiding in plain sight Financial Times · Apr 24, 2023
Why Investors Should Avoid Buying the Banking Sector Dip Even though things appear to have settled after SVB's collapse, that doesn’t mean all is clear. Consider options like healthcare and consumer staples instead. Kiplinger · Apr 23, 2023
Banks line up to reassure investors as season of turbulence subsides First-quarter results for the UK’s big four will vary by exposure to volatile markets, but the boost from high interest rates won’t last The Guardian - UK · Apr 22, 2023
3 Overvalued Stocks to Sell in April The recent collapse of Silicon Valley Bank, which has resulted in a credit crunch, and the rise in new claims for unemployment benefits have created a gloomy outlook for the economy. In light of investors' increased aversion to risk, it might be wise to avoid KKR & Co. (KKR), Hess… StockNews.com · Apr 21, 2023
Michael Hiltzik: Love it or hate it, the Silicon Valley Bank bailout won't cost taxpayers a cent What's the dirtiest word in financial policy? Los Angeles Times · Apr 21, 2023
Billionaire investor Howard Marks outlines 4 key differences between the 2023 banking crisis and 2008 Oaktree Capital Management’s Howard Marks says “the similarities between 2008 and 2023 are limited” and he isn’t worried about systemic risk. Fortune · Apr 19, 2023
US Bancorp sees profit growth despite recent banking turmoil Like many of the biggest banks in the U.S., Minneapolis-based U.S. Bancorp posted solid first-quarter results from recent months despite two high-profile bank failures and related fallout in the banking industry. Tribune News Service · Apr 19, 2023
5 policies that could make future bank failures less likely or severe The abrupt failures of Silicon Valley Bank and Signature Bank and subsequent concerns about the stability of other banks have reignited a fierce debate among lawmakers, the financial industry, the Biden administration and former government officials about an array of banking reforms and regulatory changes. The Conversation · Apr 18, 2023
Bank Failures: How Bank Management Got Here and What We’ve Learned For most people — from casual observers to financial market news junkies — the recent demise of a duo of regional U.S. banks has been a shock. Concerned citizens have wondered aloud. Kiplinger · Apr 17, 2023
A credit crunch could be coming. Here's what that could mean for getting a loan A credit crunch might be on its way. Tribune News Service · Apr 17, 2023
Silicon Valley Bank was repaid millions by distressed custom furniture retailer Interior Define before both collapsed When Interior Define began a liquidation process in late December, the Chicago-based custom furniture retailer left thousands of customers with unfulfilled orders and little hope of recovering their money. Chicago Tribune · Apr 14, 2023
Profits at big US banks show few signs of industry distress The nation’s largest banks appear to be weathering the current turmoil in their industry just fine The Independent UK · Apr 14, 2023
JPMorgan, Citigroup and Wells Fargo reap gains from rates roiling small banks JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. are reeling in windfalls from higher interest rates that upended smaller lenders last month. Tribune News Service · Apr 14, 2023
Why Bank of England is looking to bolster UK protections for savers Governor has played down repeat of 2007-08 financial crisis but review of payout policy points to unhappy memories The Guardian - UK · Apr 13, 2023
The Guardian - UK · Apr 13, 2023 Bank of England considers bolstering protection for savers Governor reveals review of payout policy after failures of Silicon Valley Bank and Credit Suisse in March
WEKU · Apr 13, 2023 It cost $22 billion to rescue two failed banks. Now the question is who will pay Regulators need to decide how to recover the cost of rescuing Silicon Valley Bank and Signature Bank — and community banks across the country are warning they should not be on the hook.
Fortune · Apr 11, 2023 Weeks after his ‘big failure’ losing almost $2 billion on SVB, Sweden’s top pension fund chief sacked ‘with immediate effect’ Magnus Billing urged Alecta to “take actions based upon the lessons learned.” The action was his dismissal.
The Independent UK · Apr 11, 2023 Small business owners feel the credit crunch Small businesses are seeing the already-tough process of getting business loans get even tougher
The Guardian - UK · Apr 11, 2023 Twin threats of rising rates and deglobalisation leave IMF spooked Fund is more cautious about world economic outlook after turmoil at Silicon Valley Bank and Credit Suisse
The Guardian - UK · Apr 11, 2023 Bitcoin price rises above $30,000 for first time since June 2022 Cyptocurrency’s steady increase in value reignites fears of widespread market manipulation
Fortune · Apr 10, 2023 The strange case of SVB Capital Hundreds of pages of bankruptcy filings reviewed by Term Sheet outline the bizarre limbo the VC unit finds itself in.
WEKU · Apr 9, 2023 Credit crackdown weighs on businesses Even before the collapse of Silicon Valley Bank last month, other banks were getting stingier about making loans. That makes it harder for businesses trying to grow and raises the risk of recession.
Fortune · Apr 7, 2023 One crypto VC thinks it’s the ‘best time’ to invest despite industry turmoil Despite the turmoil, CoinFund’s David Pakman is bullish on investing right now—but perhaps not in the U.S.
The Times of India · Apr 7, 2023 Banking crisis has increased the odds of recession: JPMorgan CEO Jamie Dimon WASHINGTON: The US bank crisis that rattled global markets last month is probably nearing the end, even if more unforeseen failures occur, JPMorgan Chase Co Chief Executive Officer Jamie Dimon said.
McClatchy Washington Bureau · Apr 6, 2023 ‘Total and complete disaster’: DeSantis takes rhetorical aim at Fed Chairman Powell WASHINGTON — Ron DeSantis has found a new rhetorical target as he prepares for a potential presidential bid: Federal Reserve Chairman Jerome Powell.