Banking

The Bank of North Dakota's unique position as the only U.S. bank owned and operated by a state has drawn attention as a potential alternative structure amid the recent banking crisis.

Western Alliance Bancorp's first-quarter deposits were 11% lower than at the end of 2022, as customers spooked by the sudden collapse of two U.S. lenders pulled out funds.

Following recent banking closures, Fannie Mae predicts a recession will take place in the second half of 2023. Meanwhile, Americans continue dealing with an uncertain interest rate environment and high inflation.

Credit Suisse Chairman Axel Lehmann and CEO Ulrich Korner on Tuesday addressed the Switzerland-based bank’s near-collapse and UBS’s planned takeover of it.

Sales over the past three years by the bank’s chairman, its former chief executive officer and his successor accounted for about half of the amount sold.

U.S. bank deposits fell year-over year in 2022 as debt reached record highs, according to reports. Inflation and rising interest rates contributed to these trends and persist today, triggering fears of banking collapses and recession.

JPMorgan Chase CEO Jamie Dimon wrote about the collapse of Silicon Valley Bank and ongoing turmoil within the financial sector in a letter to shareholders.

Silicon Valley Bank and Signature Bank collapsed in March, triggering widespread fears of a domino effect among other mid-sized regional banks in the U.S.

Switzerland's top prosecutor is opening an investigation into the UBS Group's acquisition of Credit Suisse, a storied institution facing complete collapse despite bailouts.

U.S. financial institutions borrowed less money from the Federal Reserve last week, early evidence that banking turmoil may be starting to dissipate.

As banks stabilize, investors and analysts warn that bond markets will become vulnerable to a reversal should the Fed resume its inflation-fighting efforts.

Silicon Valley Bank's collapse is prompting scrutiny of the bank's poor risk management and regulators' failure to get the bank to change course before its implosion.

Mergers & Acquisitions fell drastically in the first quarter as banking concerns, rising interest rates and inflation took a toll.

Boston Fed President Susan Collins said the banking system "remains strong" and anticipates at least one more interest-rate increase this year.

Rich Day Company co-founder Robert Kiyosaki dissects why he foresees the Bank of Japan collapsing and the potential implications it could have on the global economy.

Shares for F45 Training Holdings are up following the company’s announcement to add Tom Dowd as CEO and Hollywood actor and producer Mark Wahlberg as Chief Brand Officer.

The Labor Department reported on Thursday that a growing number of workers are filing for unemployment benefits, with jobless claims hitting a three-week high.

The story of the collapse of Silicon Valley Bank is still unfolding, but economic forces were not the only factors at play. Don't discount the power of social media and a scary story.

Treasury Secretary Janet Yellen said that stricter regulations may need to be put into place after the collapse of Silicon Valley Bank earlier this month.

During the closures of SVB and Signature Bank, Americans withdrew almost $100 billion from their bank accounts, according to seasonally adjusted data from the Federal Reserve.