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Banking Crisis

The Fed's own economists predict a mild recession later this year – and expect a recovery to take 2 years

Thu, 04/13/2023 - 07:26

Tech Insider

jerome powell — Fed Chair Jerome Powell.
Yuri Gripas/Reuters

Markets, MI Exclusive, Fed, fed inflation, Fed Minutes, Interest Rates, rising interest rates

Warren Buffett predicts more bank failures, dismisses bitcoin buyers as gamblers, and warns inflation and recession are serious threats in a new interview. Here are the 14 best quotes.

Thu, 04/13/2023 - 06:49

Tech Insider : Crypto

warren buffett — Warren Buffett.
Alex Wong / Getty Images

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, stock portfolio, Billionaires

Bank of America clients have yanked $451 million from real-estate stocks as commercial property becomes investors' newest worry

Wed, 04/12/2023 - 08:56

Tech Insider

commercial real estate — Commercial real estate faces headwinds.
Photo by Kena Betancur/VIEWpress)

Markets, MI Exclusive, Stocks, property stocks, US stocks, Bank of America, Real Estate

Warren Buffett slams banks for hiding their losses - and reveals he sold some bank stocks after spotting red flags

Wed, 04/12/2023 - 08:16

Tech Insider

warren buffett — Warren Buffett.
AP Images

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, banking failure, Banking Crisis

The real risks banks face lie in central banks' rate-hike campaigns and geopolitical tensions, IIF boss warns

Wed, 04/12/2023 - 08:10

Tech Insider

Police officers outside SVB's headquarters in Santa Clara, California on Friday. — SVB's headquarters in Santa Clara, California.
Getty Images

Markets, MI Exclusive, Stocks, Banking Crisis, us banking crisis, the federal reserve, Interest Rates

Big banks' balance sheets will swell after the recent turmoil – and that could be bad news for Americans, ex-Barclays boss says

Wed, 04/12/2023 - 07:26

Tech Insider

A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. — Big banks will have weathered recent turmoil – but that's not necessarily good news for Americans, according to ex-Barclays boss Bob Diamond.
Getty Images

Markets, MI Exclusive, Stocks, Bank stocks, Bank earnings, Stock Market Analysis, Stock Market Outlook

There's no reason for the US to fall into recession unless the Fed messes up, Mohamed El-Erian says

Tue, 04/11/2023 - 07:49

Tech Insider

mohamed el-erian — Mohamed El-Erian.
REUTERS/Jason Reed

Markets, MI Exclusive, Stocks, Mohamed El-Erian, Mohamed El-Erian inflation, Interest Rates, Banking Crisis

There's no clear sign of a US credit crunch yet, a top Fed official says

Tue, 04/11/2023 - 06:51

Tech Insider

A car drives in front of the Federal Reserve building — In this May 22, 2020, file photo, a car drives past the Federal Reserve building in Washington.
Patrick Semansky/AP Photo

Markets, MI Exclusive, Stocks, Fed, NY Fed, Credit Crunch, Banking Crisis

'The credit crunch has started': Here's what tighter lending standards mean for American consumers and businesses as banks navigate the SVB wreckage

Mon, 04/10/2023 - 14:09

Tech Insider : Economy

A bank teller using a cash counting machine counting dollar bills in a bank branch. — Banks began raising lending standards again in 2022.
Hero Images Inc. via Getty Images

Markets, MI Exclusive, Credit Crunch, Banking Crisis, Bank loans, Consumer Credit, Federal Reserve

SVB depositors including Roku and Roblox are under scrutiny from Elizabeth Warren and AOC for their 'unusually cozy' relationships with the failed bank

Mon, 04/10/2023 - 10:51

Tech Insider

AOC — Rep. Alexandria Ocasio-Cortez of New York.
Tom Williams/CQ Roll Call

Markets, MI Exclusive, Silicon Valley Bank, SVB, Elizabeth Warren, depositors, Banks

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