Among investors at least, First Republic’s troubles seem contained to the bank itself. The S&P 500 and an index of bank stocks were higher on Friday.
Category: Signature Bank
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What to Watch as the Fed Releases Its Look Into Silicon Valley Bank
The Federal Reserve is set to release an examination of why its oversight of the bank failed to stem disaster at 11 a.m. on Friday.
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As Fears of Banking Crisis Surged, Members of Congress Sold Bank Stocks
The flurry of transactions highlighted how members of Congress continue to buy and sell stocks in industries that intersect with their official duties.
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How Silicon Valley Bank’s Failure Could Have Spread Far and Wide
New research suggests large parts of the country remain vulnerable to widespread bank failure in the event of a run on deposits.
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What Next for Banks?
The wider reverberations from the collapse of Silicon Valley Bank will be felt for some time, and investors are watching for new signs of trouble.
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Investors Worry What Strong Jobs Data Means for the Economy
Inflation, recession and labor market concerns loom large over the stock market ahead of Friday’s jobs report.
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Trump’s Indictment and What’s Next
The New York Times – Business:The fallout will be widespread, with ramifications for the 2024 presidential race, policymaking and more.
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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
The New York Times – Business:The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
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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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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.
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Markets Climb as Silicon Valley Bank Finally Finds a Buyer
The New York Times – Business:First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
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Banks Are Borrowing More From the Fed: What to Know
The New York Times – Business:As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.