The Biden administration is giving entrepreneurs a chance at loans up to $5 million to help launch and grow businesses

Tech Insider : Economy
Woman shopping at a small business
New moves by the SBA could make it easier for entrepreneurs to get loans.

Klaus Vedfelt/Getty Images

Stocks are in the middle of a 'pivot rally' that still has room to run, according to one of Wall Street's biggest bears

Tech Insider
mike wilson morgan stanley bloomberg tv

Bloomberg TV

The US bond market is on the verge of a major breakdown - and that will send mortgage rates to levels unseen since 2000 and fuel more banking trouble, economist says

Tech Insider
US economy dollars
Many analysts think the US is heading for a recession in 2023.

Juanmonino/Getty Images

2 California banks are merging into a new $36 billion bank. It's the latest in a string of consolidations after a crisis rocked the US banking world in March.

Tech Insider : Economy
A Pacific Western Bank sign is seen on May 4, 2023 in Los Angeles, California.
PacWest Bancorp is merging with Banc of California.

David McNew/Getty Images

Ken Griffin's Citadel Securities logs 35% plunge in first-half revenue as low market volatility reduces trading opportunities

Tech Insider
Photo of Citadel founder Ken Griffin
Citadel's Ken Griffin.

PATRICK T. FALLON/AFP via Getty Images

19 Republican states accuse JPMorgan of closing bank accounts and discriminating against customers due to their religious or political beliefs

Tech Insider : Politics
JPMorgan Chase & Co.
Republican attorneys general from 19 states signed the letter to CEO Jamie Dimon.

Leonardo Munoz/Getty Images

Big banks may cover 95% of the cost to refill the $16 billion hole blown in the FDIC's deposit insurance fund by bank failures

Tech Insider
Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023.
Silicon Valley Bank customers in March.

Noah Berger/AFP

Jamie Dimon warns a US default would be 'potentially catastrophic' as lawmakers remain deadlocked over raising the debt ceiling

Tech Insider : Economy
Jamie Dimon
JPMorgan Chase CEO Jamie Dimon.

REUTERS/Brian Snyder

Banking turmoil is far from over. Bill Ackman, Jeffrey Gundlach, and Mohamed El-Erian have renewed their warnings about unresolved risks.

Tech Insider
Bill Ackman
Bill Ackman.

Reuters

Banks ask SEC to stop short-seller attacks on their stocks driven by social-media speculation

Tech Insider
Traders

(Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

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