How Washington Decided to Rescue Silicon Valley Bank
Posted inBanking and Financial Institutions Biden, Joseph R Jr Federal Deposit Insurance Corp Federal Reserve System National Economic Council (US) Powell, Jerome H Silicon Valley Bank Treasury Department United States Economy United States Politics and Government

How Washington Decided to Rescue Silicon Valley Bank

Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.
Shares in First Republic and Others Rise After Federal Bank Rescue
Posted inBanking and Financial Institutions Biden, Joseph R Jr Charles Schwab Corporation Credit Suisse Group AG Democratic Party DeSantis, Ron Federal Deposit Insurance Corp Federal Reserve System General Atlantic LLC Goldman Sachs Group Inc Griffin, Kenneth C internal-storyline-no JetBlue Airways Corporation Microsoft Corp Moody's Investors Service Inc Nomura Holdings Inc PacWest Bancorp Regulation and Deregulation of Industry Schwab, Charles R Scott, Timothy Eugene Silicon Valley Bank Warren, Elizabeth

Shares in First Republic and Others Rise After Federal Bank Rescue

First Republic, Western Alliance and PacWest Bancorp shares were set to rise on Tuesday after one of the industry’s worst stock routs in years.
Don’t Call It a Bailout: Washington Is Haunted by the 2008 Financial Crisis
Posted inBanking and Financial Institutions Bear Stearns Cos Biden, Joseph R Jr Bush, George W Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Emergency Economic Stabilization Act (2008) Federal Deposit Insurance Corp Federal Reserve System Lehman Brothers Holdings Inc Obama, Barack Regulation and Deregulation of Industry Stimulus (Economic) United States Economy United States Politics and Government

Don’t Call It a Bailout: Washington Is Haunted by the 2008 Financial Crisis

The colossal bailouts after the 2008 collapse arguably saved the global economy, but they also provoked a ferocious popular backlash.
Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.
Posted inBanking and Financial Institutions Biden, Joseph R Jr Deposit Insurance Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Federal Deposit Insurance Corp Federal Reserve Bank of San Francisco Federal Reserve System Regulation and Deregulation of Industry Signature Bank Silicon Valley Bank Treasury Department United States Economy

Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.

The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.