The bank is sitting on big losses and paying more to borrow money than it is making on its loans to homeowners and businesses.
Category: Federal Deposit Insurance Corp
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First Republic Bank Enters New Free Fall as Concerns Mount
The bank’s shares fell by about 50 percent on Tuesday, a day after it said customers had pulled $100 billion in deposits in the first quarter.
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Rates on C.D.s Are Soaring, but the High Rates May Not Last
Banks are offering the promotional rates to attract deposits. But given concerns about the economy, it’s unclear how long banks will continue to reward savers.
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Goldman Sachs Earnings Disappoint Investors
The Wall Street giant’s latest financial results show how its push into consumer banking remains a drag on its overall business.
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The Week in Business: A Bank Takeover
The New York Times – Business:Regulators faced questions about their oversight in the wake of bank failures. The jobs numbers for March come out. And Donald Trump is expected to be arraigned.
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The Week in Business: A Bank Takeover
The New York Times – Business:Regulators faced questions about their oversight in the wake of bank failures. The jobs numbers for March come out. And Donald Trump is expected to be arraigned.
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How Small Businesses Can Find Safety Before the Next Bank Crisis
The New York Times – Business:Financial advisers recommend that business owners examine their accounts now to ensure they are protected in case of a future bank failure.
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SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
The New York Times – Business:Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.
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How Far Can Regulators Go to Protect Uninsured Deposits?
The New York Times – Business:Regulators can protect deposits over $250,000 if they determine that a bank’s failure pose a systemic risk, but some lawmakers have pushed for more sweeping coverage.
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Banking Regulators Prepare for Tough Questions from Lawmakers
The New York Times – Business:Three top officials will testify in Congress about the turmoil caused by the collapse of Silicon Valley Bank, and their role in it.
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Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’
The New York Times – Business:The Federal Reserve’s top bank cop blamed Silicon Valley Bank’s leaders, while previewing the cental bank’s review of its faulty oversight.