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Banking Crisis

Dow sinks as much as 400 points as UBS's Credit Suisse rescue deal fails to ease US banking crisis fears

Mon, 03/20/2023 - 05:29

Tech Insider

People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread. — US stock futures fell Monday after UBS agreed a deal to take over rival bank Credit Suisse.
Spencer Platt/Getty Images

Markets, MI Exclusive, Stocks, Credit Suisse, ubs, Banking Crisis, Stock Market Analysis

UBS is officially buying Credit Suisse in a historic rescue deal. This is how we got here.

Sun, 03/19/2023 - 15:55

Tech Insider

Swiss Switzerland Fan Flag Soccer — Credit Suisse's stock is plunging as investors fear a banking crisis.
AP Photo/Schalk van Zuydam

Markets, MI Exclusive, Stocks, Credit Suisse, Banks, Banking Crisis, European Banks

Here's why the Silicon Valley Bank crash has made a recession much more likely in 2023

Sun, 03/19/2023 - 08:30

Tech Insider : Economy

stock market crash — Spencer Platt/Getty Images

Markets, MI Exclusive, Silicon Valley Bank collapse, SVB, Recession, recession risk, recession 2023

Warren Buffett has weighed in on bank runs, bailouts and the dangers of insuring deposits. Here are 9 quotes that shed light on today's banking crisis.

Sun, 03/19/2023 - 07:30

Tech Insider

warren buffett — Warren Buffett.
Bill Pugliano / Getty

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Banks, Banking Crisis

Warren Buffett has been talking to the Biden White House about a possible investment in regional banks, report says

Sun, 03/19/2023 - 07:30

Tech Insider

Warren Buffett speaks onstage — Warren Buffett at an event in Washington DC in 2015.
Paul Morigi/Getty Images

finance, News, Warren Buffett, Banking Crisis, SVB, First Republic, White House

Fed Chair Jerome Powell reportedly blocked a statement on regulatory flaws that led to SVB's collapse

Fri, 03/17/2023 - 13:32

Tech Insider

jerome powell — Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC.
Alex Wong/Getty

Markets, MI Exclusive, Silicon Valley Bank collapse, SVB, Banking Crisis, Financial Crisis, Banking Regulation

Nobel economist Paul Krugman says the Silicon Valley Bank collapse has led to 'apocalyptic rhetoric' in markets, but almost none of it is true

Fri, 03/17/2023 - 09:23

Tech Insider : Economy

RTR31M2E — Paul Krugman.
REUTERS/Brendan McDermid

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

Credit Suisse shares slide 10% as the shine of its rescue package wears off

Fri, 03/17/2023 - 07:41

Tech Insider

Credit Suisse in Geneva.

Fabrice Coffrini/AFP/Getty Images

Markets, MI Exclusive, Stocks, Credit Suisse, Credit Suisse stock, SVB, US stocks

Why Bill Ackman fears Wall Street's $30 billion rescue of First Republic could have catastrophic fallout

Fri, 03/17/2023 - 07:21

Tech Insider

bill ackman — Bill Ackman.
REUTERS/Mike Cassese

Markets, MI Exclusive, Stocks, Bill Ackman, Pershing Square Capital Management, Bank Bailouts, Banking Crisis

Carl Icahn says the Fed needs to focus on battling the 'disease of inflation' despite SVB's failure

Fri, 03/17/2023 - 06:24

Tech Insider

Carl Icahn — Billionaire investor Carl Icahn.
AP Images

Markets, MI Exclusive, Stocks, Carl Icah, Federal Reserve, Inflation, SVB

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