U.S. banking woes continue, PacWest extends declines
Investing.com - A new wave of turmoil in regional banks has disrupted trading desks worldwide, leading traders to increase their bets on Federal Reserve interest-rate cuts due to growing...
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SVB News & Analysis
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Will Recent Bank Collapses Result In New Crypto Raise?
The collapse of several banks - Silvergate, Signature Bank, Silicon Valley Bank, Credit Suisse, and First Republic - has left a significant number of people concerned about their deposits,...
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Goldman Says It's Cooperating With US Investigations Into SVB - Bloomberg, Citing Filing
(Updated - May 4, 2023 7:00 AM EDT) Goldman Says It's Cooperating With US Investigations Into SVB - Bloomberg, Citing FilingFrom the filing: Silicon Valley Bank Matters GS&Co. is among the...
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Mark Hulbert: SVB and First Republic are just the first of many U.S. banks that will fail — if you believe 800 years of history
Stocks and real estate are vulnerable to a systemic banking crisis that could last months, if not years.
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The market is looking for the next 'domino' to fall, keeping banks under pressure
The sharp selloff in regional banks sparked by the March failure of Silicon Valley Bank resumed Tuesday, catching Wall Street analysts and investors off guard.
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Former SVB chief Greg Becker set to testify to Senate on bank collapses
Scott Shay and Eric Howell, the former chair and president of Signature Bank, which also failed in March, are to appear on May 16
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The economists who studied the tweets that predated the SVB bank run and implosion reveal how social media fuels financial panic
Banks with the most tweets saw their share prices decline about twice as much as others, on average,
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From ‘Very Good Bank’ to ‘Got Nothing for Shareholders:’ Jim Cramer’s Dubious Advice for First Republic
From the crypto market to the collapsed Silicon Valley Bank, Cramer has given another wrong prediction about First Republic Bank.
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HSBC Q1: Pretax Profit Soars 207% Despite Banking Turmoil, Dividend Update
By Malvika Gurung Investing.com -- HSBC Holdings (LON:HSBA) released strong earnings for the quarter ended March 2023 on Tuesday, posting a multifold rise in profit and exceeding...
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HSBC's profit jumped by $1.5 billon from acquisition of SVB's UK arm
Banking giant HSBC said that its profits got a $1.5 billion boost from the purchase of collapsed Silicon Valley Bank's (SVB) British business (SVB UK)
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Pocket FM secures $16 million in debt funding from Silicon Valley Bank
The company said that with this additional capital infusion, it will look to double its strategic priorities to strengthen its audio series library, expand its creator community globally and...
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Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling
Interest on Capitol Hill in tightening bank regulations appears to have waned amid the failure of another institution, First Republic.
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: FDIC recommends raising deposit insurance limit for business accounts after SVB, First Republic failures
The FDIC is recommending that lawmakers raise the cap on bank deposit insurance for business payroll accounts to help prevent future bank runs.
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Timeline: The road to First Republic Bank's collapse
Last week, First Republic reported a more than $100 billion plunge in deposits in the first quarter that sparked a brutal sell-off in the lender's shares. Banks have been staring at the...
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First Republic seized by California regulator, JPMorgan to assume all deposits
Since the sudden collapse of Silicon Valley Bank, attention has focused on First Republic as the weakest link in the U.S. banking system.
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US Fed expected to hike again despite signs of slowing economy
The US Federal Reserve is highly likely to increase its benchmark lending rate by 25 basis points to between 5% and 5.25% on Wednesday. If it does, it will be its tenth consecutive rise. At...
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: SVB Financial Group, Signature Bank, Virgin Orbit to be delisted from Nasdaq
SVB Financial Group, the onetime parent of Silicon Valley Bank, and Signature Bank will be delisted from the Nasdaq, the Nasdaq Stock Market announced on Friday, following the failure of...
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3 economic historians explain how the SVB report and First Republic's near collapse show that incentives, risk and greed are universal truths
Financial crises will keep happening as long as banks and executives consider their own rewards more than the entire banking system.
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Federal Reserve Sheds Light On SVB's Collapse In New Report: 'Failed To Manage Risks'
The Federal Reserve Board on Friday issued a review of Silicon Valley Bank's failure, led by Vice Chair for Supervision Michael Barr. The report found that Silicon Valley Bank's (SVB) senior...
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Fed plans broad revamp of bank oversight after SVB failure
While it was the regional bank's own mismanagement of basic risks that was at the root of SVB's downfall, the Fed said, supervisors of SVB did not fully appreciate the problems, delaying...
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Fed report on SVB collapse faults bank's managers — and central bank regulators
The Fed blamed failures on mismanagement and supervisory failures, compounded by a dose of social media frenzy.
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US regulators to release reviews of largest bank failures since 2008 crisis
In back-to-back reports due on Friday, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) are also expected to float a number of fixes that may lay the groundwork for...
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Regulators to Publish Postmortems on SVB, Signature Failures
The reports are expected to include recommendations for stricter regulation of regional banks.
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First Republic may face a potential curb on borrowing funds from the Fed
U.S. bank regulators are considering downgrading their private assessments of First Republic Bank (NYSE:FRC), potentially limiting the bank's access to federal reserve lending...
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The De-Dollarization is Happening Fast: Circle CEO (Consensus 2022 LIVE)
The SVB collapse that briefly caused USDC to de-peg from the dollar has only shaken confidence in the banking system, says Circle’s CEO.
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Bankers’ pitch to save First Republic: Help us now, or pay more later when it fails
The potential First Republic rescue plan is the latest twist in a saga sparked by the sudden collapse of Silicon Valley Bank last month.
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Ted Cruz, Jim Jordan Write Scathing Letter To San Francisco Fed On SVB Collapse: Regional Central Banks 'Stonewalling Congressional Oversight'
U.S. Senate Commerce Committee Ranking Member Ted Cruz (R-Texas) and House Judiciary Chairman Jim Jordan (R-Ohio) sent a bicameral letter to Federal Reserve Bank of San Francisco President...
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Indian banks unlikely to go SVB, Credit Suisse way for it can swim good amid troubled waters
Days after the US saw its second and third largest banking failures, where the authorities had to step in to rescue the banks and depositors' money, Swiss banking giant Credit Suisse got...
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Twitter poses a risk to the financial system and helped fuel the SVB run, says first major study to investigate the topic
Academics warn that social media is a new 'catalyst' for bank runs and argue that venture capitalists bear some of the blame for Silicon Valley Bank's downfall.
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SVB still seeing outflows after first citizens takeover, FT says
First Citizens' stock has risen more than 77% since the takeover, with its price hitting a record last week
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SVB's CEO, CFO step down more than a month after the lender's collapse
The firm is exploring strategic alternatives for its remaining businesses, SVB Capital and SVB Securities
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: SVB CEO Greg Becker, CFO Daniel Beck resign
SVB Financial Group says in a filing late that Chief Executive Greg Becker and Chief Financial Officer Daniel Beck resigned this week, with Becker becoming a consultant.
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: SVB Financial CEO Greg Becker, CFO Daniel Beck have resigned
SVB Financial Group said in a filing late Friday that Chief Executive Greg Becker and Chief Financial Officer Daniel Beck resigned this week, with Becker becoming a consultant to SVB at the...
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SVB earnings beat by $0.19, revenue topped estimates
Investing.com - SVB (OTC: SIVBQ) reported first quarter EPS of $4.36, $0.19 better than the analyst estimate of $4.17. Revenue for the quarter came in at $1.41B versus the consensus estimate...
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