SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
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SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions

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.
Markets Climb as Silicon Valley Bank Finally Finds a Buyer
Posted inBNP Paribas Bureau of Economic Analysis BYD Co Ltd Citigroup Inc Cohen, Steven A Coinbase Inc Deutsche Bank AG Elliott Management Corp Fain, Shawn Gruenberg, Martin J internal-storyline-no Ma, Jack Musk, Elon Netanyahu, Benjamin Ocasio-Cortez, Alexandria Reddit Inc Regulation and Deregulation of Industry Salesforce.com Inc Saudi Aramco Scholz, Olaf (1958- ) Signature Bank Silicon Valley Bank Twitter Walgreen Co

Markets Climb as Silicon Valley Bank Finally Finds a Buyer

First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
Banks Are Borrowing More From the Fed: What to Know
Posted inBanking and Financial Institutions Credit and Debt Federal Reserve System Government Bonds Inflation (Economics) Interest Rates PacWest Bancorp Signature Bank Silicon Valley Bank Stocks and Bonds Treasury Department United States United States Economy

Banks Are Borrowing More From the Fed: What to Know

As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.