Banking crisis caused US bank deposits to fall even as insured deposits rose: FDIC
The FDIC's quarterly banking report found that total deposits in U.S. banks declined as uninsured deposits were withdrawn even as insured deposits rose amid the banking crisis.
First Citizens Bank cutting jobs at failed Silicon Valley Bank
First Citizens Bank is cutting jobs related to its takeover of Silicon Valley Bank, which became the largest bank failure since the financial crisis.
Regional bank shares rally on Western Alliance deposit growth
Regional banks saw their share prices jump Wednesday in the wake of the banking crisis as Western Alliance Bank announced strong growth in its deposit base.
FDIC wants big lenders to shoulder Silicon Valley, Signature bank busts
The FDIC announced a proposed special assessment on large banks that would recoup the $15.8 billion pulled from an insurance fund following the failures of Silicon Valley Bank and Signature Bank.
Financial regulators look at possible 'market manipulation' targeting regional banks
Federal and state financial regulators are looking into the possibility of market manipulation by short-sellers targeting regional banks, which have experienced significant volatility.
Senate to hold hearing on bank failures this week following First Republic collapse
The Senate Banking Committee announced that it will hold a hearing this week in the wake of the failure of First Republic Bank, which was acquired Monday by JPMorgan Chase.
Will First Republic be the last bank rescued amid banking crisis?
First Republic Bank's failure and fire sale to JPMorgan Chase has fueled speculation about whether more banks will need to be rescued or whether the worst is over for the sector.
First Republic, KPMG sued for concealing bank's risks
The lawsuit filed late Monday in San Francisco federal court accused First Republic and its auditor KPMG of misrepresenting the strength of the bank's balance sheet and liquidity.
First Republic shares slide after 40% dip in deposits tied to banking crisis
First Republic Bank released its first-quarter financial results, which revealed a 40% decline in deposits compared to the end of 2022 in the wake of the recent banking crisis.
State-owned Bank of North Dakota's unique structure garners attention in wake of banking crisis
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.
First Citizens reportedly nearing deal to acquire Silicon Valley Bank
First Citizens Bank is reportedly nearing a deal to acquire the failed Silicon Valley Bank through an auction held by the Federal Deposit Insurance Corporation.
Feds may throw struggling First Republic Bank a lifeline by expanding emergency lending program
Federal authorities are reportedly considering an expansion of the Federal Reserve's emergency lending program to help banks like First Republic Bank shore up their balance sheet.
Charles Schwab says it could ride out a deposit flight
Charles Schwab’s chief executive, Walt Bettinger, said the brokerage giant could continue to operate even if it lost most of its deposits over the next year.
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.
Commercial property debt creates more bank worries
With the banking industry in turmoil, regulators and analysts are growing increasingly concerned about commercial real estate debt, according to industry participants.
UBS reaches agreement to buy Credit Suisse after upping offer
UBS reportedly reached a deal with Swiss regulators to buy Credit Suisse for $2 billion in a move to prevent the potential collapse of Credit Suisse from roiling markets.
San Francisco Fed criticized for missing Silicon Valley Bank’s red flags
The Federal Reserve Bank of San Francisco is facing mounting criticism after Silicon Valley Bank, which was under its supervision, collapsed following a bank run by depositors.
FDIC considers breaking up Silicon Valley Bank, relaunching sale process: report
The Federal Deposit Insurance Corporation (FDIC) is reportedly considering breaking up Silicon Valley Bank into at least two entities as it auctions off the failed bank's assets.
Credit Suisse faces lawsuits from US shareholders for allegedly concealing financial woes
U.S. shareholders have filed lawsuits against Credit Suisse alleging the bank misled customers about its financial status and violated securities laws in the process.