Senator Warren blasts Fed’s Jerome Powell on banks, rates
Sen. Elizabeth Warren has made it clear she is not a fan of Federal Reserve Chair Jerome Powell, and took a few more swipes at him Friday over banks and interest rate hikes.
Fed's Powell warns banking crisis could tighten lending, slow US economy
Recent turmoil within the banking sector will further tighten credit for U.S. households, weighing down the U.S. economy amid already slowing growth.
PacWest shares sink despite liquidity lift
Shares are down for PacWest after subsidiary Pacific Western Bank said deposits are stable after receiving 1.4 billion from investment firm Atlas SP Partners.
Credit Suisse write-off upends European bank capital bonds
A last minute law change allowed Switzerland to write off $17 billion in bonds, while allowing equity holders to keep their money, an unprecedented change.
Fed's Powell: Silicon Valley Bank management 'failed badly'
Federal Reserve Chairman Jerome Powell said Wednesday the management of Silicon Valley Bank "failed badly" by exposing the firm to substantial risks from its bond holdings and deposit base.
How the last-ditch effort to save Silicon Valley Bank failed
Withdrawals accelerated late in the morning on the West Coast on Thursday, March 9. Executives paced the office on phone calls as employees watched and texted details to each other.
Fund managers worry systemic credit crunch could crash US markets
A Bank of America survey of fund managers shows that the threat of a systemic credit crunch is the newest threat to the market after two bank failures.
A tick-tock of the US banking crisis
The Federal Reserve’s interest rate hike strategy has inadvertently caused a banking crisis as elevated interest rates slow bank loans.
Get used to 'new era of high energy prices,' expert says
High energy prices are likely here to stay as supply and demand continues to tighten, according to energy expert and FOX Business contributor Phil Flynn.
Fed officials meet in shadow of banking crisis, high inflation
Turmoil within the banking sector has upended expectations for the Federal Reserve's rate-hike decision Wednesday as officials continue to grapple with high inflation.
Senate Banking Committee announces hearing in Silicon Valley Bank collapse
Senate Banking Committee Chairman Sherrod Brown on Tuesday said lawmakers will hold a hearing next week on the collapse of Silicon Valley Bank.
Elon Musk says what he thinks the Fed should do with interest rates
Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
Big bank CEOs gather for long-planned meeting amid crisis
The leaders of major U.S. banks, including JPMorgan's Jamie Dimon and Bank of America's Brian Moynihan, are meeting this week for a regular quarterly gathering amid a banking crisis.
Yellen says US will take more action to protect smaller banks if needed
U.S. regulators are willing to take drastic actions to protect small and mid-sized banks amid fears of deposit runs that "pose the risk of contagion."
Canada's banks unlikely to be impacted by US banking crisis: analysts
Canada's top banks will go largely unscathed from the crisis hurting banks in other countries, according to analysts. Two U.S. regional banks have collapsed this month.
Regional and community banks rally to call for FDIC backup
Mid-sized regional banks and community banks around the country are urging regulators to consider lifting the FDIC's threshold for uninsured deposits after they granted exceptions.
JPMorgan Chase’s nickel bags turn out to be full of stones: report
An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.
Jamie Dimon leading efforts for new First Republic Bank rescue plan
First Republic Bank faced a second credit rating downgrade on Monday amid concerns that the troubled San Francisco lender needed another liquidity boost.
White House says talks in the works for Secretaries Yellen, Raimondo to visit China, discuss economic issues
A potential visit by Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo is in the works, National Security Council Spokesman John Kirby revealed Monday.
First Republic shares plummet after another S&P credit rating hit
The $30 billion rescue deal announced on Thursday by nearly a dozen U.S. banks did little to calm investor fears over the health of First Republic Bank.