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SVB's failure is being investigated by US authorities, report says

Wed, 03/15/2023 - 09:56

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. — Silicon Valley Bank's Santa Clara headquarters.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Stocks, SVB, Silicon Valley Bank, Silicon Valley Bank collapse, DOJ Investigation

Dow tumbles nearly 500 points as Credit Suisse stokes fears of bank failure contagion

Wed, 03/15/2023 - 09:36

traders NYSE — Scott Olson/Getty Images

Markets, MI Exclusive, Stock market news today, Dow, sp500, Silicon Valley Bank, Credit Suisse

Stocks will tumble if the Fed pauses rate hikes because it would mean other banks are about to collapse, DataTrek Research says

Wed, 03/15/2023 - 09:08

SVB — (Photo by Nikolas Liepins/Anadolu Agency via Getty Images)

Markets, MI Exclusive, Silicon Valley Bank, Stock Market Outlook, DataTrek, Signature Bank, Silvergate Bank

US stocks rise as bank shares rebound and CPI shows inflation continues to cool

Tue, 03/14/2023 - 16:19

Stock trader Greg Rowe Traders works on the floor of the New York Stock Exchange during morning trading on November 17, 2022 in New York City. — Michael M. Santiago/Getty Images

Markets, MI Exclusive, Stocks, stock market news, Equities, Equities Markets, SVB

Warren Buffett has likely seen $8 billion wiped off the value of his financial stocks in 3 days, as SVB's collapse rattles the banking sector

Tue, 03/14/2023 - 07:35

Warren Buffett — Warren Buffett.
Paul Morigi/Getty Images for Fortune/Time Inc

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'Shark Tank' star Kevin O'Leary says he will never buy a bank stock again as Biden has essentially nationalized the industry post-SVB

Mon, 03/13/2023 - 16:23

kevin oleary — "Shark Tank"/ABC

Markets, MI Exclusive, Kevin O'Leary, SVB, Bank stocks, Silicon Valley Bank collapse

It's crystal clear now: More banks are going to fail

Mon, 03/13/2023 - 14:33

nyse svb first republic trading floor — Timothy A. Clary/AFP via Getty Images

Markets, MI Exclusive, Silicon Valley Bank, Silicon Valley Bank collapse, SVB, Bank stocks, Charles Schwab

This chart shows how the failures of SVB and Signature compare with the biggest banking collapses ever

Mon, 03/13/2023 - 12:26

A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. — A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank headquarters on March 10.
Getty Images

Markets, MI Exclusive, Stocks, SVB, Silicon Valley Bank, SVB collapse, Silicon Valley Bank collapse

Bank stocks are continuing to plunge amid SVB fallout and Biden declaring investors won't be protected

Mon, 03/13/2023 - 12:16

Biden — President Joe Biden.
AP Photo/Andrew Harnik

Markets, MI Exclusive, Stocks, Bank stocks, Western Alliance Bancorp, PacWest, first republic bank

Paul Krugman says Silicon Valley Bank 'was a kind of affinity fraud a la Madoff' because it sold itself on false pretenses

Mon, 03/13/2023 - 11:14

paul krugman — Paul Krugman.
REUTERS/Brendan McDermid

Markets, MI Exclusive, Paul Krugman, SVB, Silicon Valley Bank collapse, Silicon Valley Bank, Cryptos

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