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Bank crisis will tip U.S. into hard landing after all, says Apollo’s chief economist: ‘I changed my view’
Finance
Bank crisis will tip U.S. into hard landing after all, says Apollo’s chief economist: ‘I changed my view’
By Vildana Hajric, Michael P. Regan and BloombergMarch 18, 2023
Bernie Sanders says SVB’s CEO was on the regional Fed board overseeing it, plans bill to ‘end this conflict of interest’
Finance
Bernie Sanders says SVB’s CEO was on the regional Fed board overseeing it, plans bill to ‘end this conflict of interest’
By Kate Davidson and BloombergMarch 18, 2023
Meta CEO Mark Zuckerberg
Tech
Silicon Valley’s hubris nearly ruined the U.S. economy
By Tristan BoveMarch 18, 2023
Crypto bank Protego didn’t meet all requirements for national trust charter, OCC says
Regulators
Crypto bank Protego didn’t meet all requirements for national trust charter, OCC says
By Leo SchwartzMarch 17, 2023
Exterior of the Bank of England in London
Commentary
Inside ‘Operation Yeti’: How U.K. tech fought back against a run down the Valley—and survived SVB’s collapse
By Russ ShawMarch 17, 2023
Diversity is not hurting the financial sector. Inclusive organizations are getting their money’s worth–and disproving DEI’s expendability narrative
Commentary
Diversity is not hurting the financial sector. Inclusive organizations are getting their money’s worth–and disproving DEI’s expendability narrative
By Trier BryantMarch 17, 2023
Federal Reserve Building in Washington, DC.
Finance
Cash-strapped banks borrowed $300 billion from the Fed’s emergency funds over the past week amid the global financial turmoil
By Christopher Rugaber and The Associated PressMarch 16, 2023
Barney Frank
Finance
‘The great mystery here is why the supervision was AWOL at Silicon Valley Bank’: Wall Street and DC point fingers amid burbling banking crisis
By Paul Wiseman, Ken Sweet and The Associated PressMarch 16, 2023
Founders Fund founder and PayPal co-founder Peter Thiel
Finance
Peter Thiel is swearing he kept $50 million of his personal fortune at SVB while his Founders Fund bailed on the bank
By Tristan BoveMarch 16, 2023
NYSE trader
Finance
First Republic Bank down 74% this week as small bank stocks continue to get crushed on Wall Street
By Stan Choe and The Associated PressMarch 16, 2023
Janet Yellen
Finance
Janet Yellen insists the banking system ‘remains sound’ days after 2 of the 3 largest bank failures in American history
By Fatima Hussein and The Associated PressMarch 16, 2023
The trading floor of the New York Stock Exchange on the day of the Wall Street crash, October 29, 1929.
Finance
After Twitter played a massive role in a historic $42 billion bank run, Elon Musk mused it was like 1929
By Prarthana PrakashMarch 15, 2023
Credit Suisse
Finance
Credit Suisse is talking to the Swiss state about how to stabilize its stock after a record drop, sources say
By BloombergMarch 15, 2023
‘Dr. Doom’ Nouriel Roubini warns that ‘contagion’ from U.S. bank failures and Credit Suisse’s problems could spread globally
Finance
‘Dr. Doom’ Nouriel Roubini warns that ‘contagion’ from U.S. bank failures and Credit Suisse’s problems could spread globally
By Will DanielMarch 15, 2023
Larry Fink is warning that after SVB another domino could fall soon, and it might be European giant Credit Suisse
Finance
Larry Fink is warning that after SVB another domino could fall soon, and it might be European giant Credit Suisse
By Tristan BoveMarch 15, 2023
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