Banking

A top FDIC official said the agency could have moved more quickly to find a buyer for Silicon Valley Bank after it failed last month, suggesting a lack of urgency worsened the crisis.

Federal Reserve meeting minutes released Wednesday show that central bank staff expect financial sector upheaval to trigger a recession sometime this year.

Berkshire Hathaway CEO Warren Buffett says there is no need for Americans to worry about the recent banking turmoil in the U.S., saying deposits are protected.

Treasury Secretary Janet Yellen said the U.S. economy is performing "exceptionally well," and she is "not anticipating a downturn" despite the recent banking crisis and inflation.

A note from bank strategist Jill Carey Hall says Bank of America clients sold roughly $2.3 billion in U.S. equities last week.

An NFIB survey of small businesses found that more owners are having difficulty getting a loan after the collapse of Silicon Valley Bank in early March.

Mark Shafir, who most recently served as co-head of Global M&A at Citi, announced his retirement on Tuesday morning, according to a memo, which was distributed internally.

Ahead of BlackRock, Citigroup, JPMorgan Chase, PNC Financial and Wells Fargo reporting earnings on Friday, finance pros have concerns up and down the balance sheet.

The IMF released its updated World Economic Outlook on Tuesday, providing a gloomy forecast of the global economy amid inflation and rising interest rates.

Nouriel "Dr. Doom" Roubini is warning that the U.S. banking crisis could spread and cause the economy to experience a hard landing and enter a recession.

Walmart has filed a lawsuit against credit card partner Capital One. The retailer did so in connection to the contract it has with Capital One for the bank to issue its cards.

Audit firm KPMG LLP flagged potential losses on loans as a critical matter for Silicon Valley Financial but missed the inherent bond losses and unreliable deposits that took the financial institution down, the Wall Street Journal reported.

Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez raised concerns over the "cozy" relationship between Silicon Valley Bank and its biggest customers.

Binance is shopping to find a banking partner since the two financial institutions it used failed in the recent crisis leaving them unable to handle its customers' cash.

A lawsuit has been filed citing the auditor and underwriters concerning the collapse of Silicon Valley Bank. The complaint was filed Friday in a San Francisco federal court.

The culprit responsible for high inflation was profligate government spending in the form of multitrillion-dollar spending bills sold as "COVID relief" and "infrastructure."

JPMorgan Chase CEO Jamie Dimon said that turmoil within the banking system has raised the odds that the U.S. economy tumbles into a recession this year.

Federal Reserve Bank of St. Louis President James Bullard said Thursday that banks will not tighten credit enough to send the U.S. economy into a recession.

Investors and analysts care about CMBS prices in large part because of what they signal about a much larger universe of commercial real-estate loans that aren’t sliced into securities.

Small businesses could soon see lines of credit canceled from banks as the global banking crises, inflationary pressures and rising interest rates slow commercial lending.