The banking crisis risks severe spillover across the financial sector and beyond, Moody's says

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Silicon Valley Bank, Fed Chair Jerome Powell
Silicon Valley Bank, Fed Chair Jerome Powell

John Brecher for The Washington Post via Getty Image, Anna Moneymaker/Getty Images

Former Goldman Sachs CEO Lloyd Blankfein says the latest crisis not like 2008 as the banking system is in much better shape

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Lloyd Blankfein
Former Goldman Sachs CEO, Lloyd Blankfein

Brendan McDermid/Reuters

The Fed 'can hit the pause button' on interest rates as it's done enough to fight inflation, JPMorgan Asset Management's fixed-income chief says

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Wall Street

Henny Ray Abrams/AP

US stocks slip ahead of Fed's decision on interest rates following bank crisis

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traders nyse
Traders work on the floor of the NYSE in New York.

Brendan McDermid/Reuters

SVB Financial accuses FDIC of 'improper actions' to block the firm from accessing $2 billion of its cash

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

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The Swiss government has put a stop to some Credit Suisse banker bonuses after public backlash over the state-engineered rescue plan

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Chairman of the Board of Directors of UBS, Colm Kelleher and Chairman of the Board of Directors of Credit Suisse, Axel Lehmann attend a news conference on Credit Suisse after UBS takeover offer, in Bern, Switzerland, March 19, 2023.
Colm Kelleher, the chairman of UBS, looks to shake hands with Axel Lehmann, his counterpart at Credit Suisse, on Sunday.

Denis Balibouse/Reuters

First Republic and other regional bank stocks surge as Yellen sees crisis 'stabilizing' and big lenders eye more support

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A man rides a bicycle past the First Republic Bank branch in Santa Monica, California.
A man rides a bicycle past the First Republic Bank branch in Santa Monica, California.

PATRICK T. FALLON/AFP via Getty Images

Credit Suisse's rescue had a sting in its tail for the banking crisis. Here's what you need to know about AT1 bonds.

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Credit Suisse logo
The Swiss regulator wrote the value of Credit Suisse's AT1 bonds down to zero as part of UBS's takeover deal Sunday.

Arnd Wiegmann/Getty Images

Recruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid the UBS takeover, report says

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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.
Credit Suisse staff are reportedly flooding recruiters with calls about new jobs.

Spencer Platt/Getty Images

JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.

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A warehouse filled with bags of different colored stones
Turns out that JPMorgan's bags of nickel are actually bags of stones.

Roman Mykhalchuk/Getty Images

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