This banking crisis is different from the 2008-2009 financial crisis in 4 ways, Moody's chief economist Zandi says

Tech Insider : Economy
Mark Zandi
Mark Zandi, chief economist of Moody's Analytics, outlined four key differences between the banking crisis now and during the Global Financial Crisis.

REUTERS/Brendan McDermid

Credit Suisse was losing the faith of investors long before the SVB debacle. Here's why the situation came to a head this week.

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Credit Suisse's stock is plunging as investors fear a banking crisis.

AP Photo/Schalk van Zuydam

BlackRock's Larry Fink says the US banking system may face 'more seizures and shutdowns' after Silicon Valley Bank's collapse

Tech Insider
BlackRock CEO Larry Fink, pictured in November 2022, gesturing while sitting in front of a blue background.
BlackRock CEO Larry Fink.

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Dow dives over 600 points as Credit Suisse selloff injects fresh unease into markets

Tech Insider
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Swiss banking giant Credit Suisse.

Fabrice Coffrini/AFP/Getty Images)

Google wasted its pandemic opportunity. Now, it's scrambling to catch up.

Tech Insider

Hey there, buds. I'm Diamond Naga Siu, and I'll be writing to you from San Diego for the foreseeable future. Big thanks to my editor Matt Weinberger and my teammate Paayal Zaveri for filling in while I wrapped up my cross-county move.

The collapse of Silicon Valley Bank foreshadows a bigger reckoning for the tech industry

Tech Insider : Economy, Politics
A computer with the SVB logo exploding.
The destruction wrought by the collapse of Silicon Valley Bank could be a moment for the tech industry to take a step back and reflect on its problems. But sadly, it won't be.

iStock; Rebecca Zisser/Insider

More banks could soon fail - but that could end up being good news for stocks

Tech Insider

Good morning. I'm senior reporter Phil Rosen. 

As regional bank stocks tanked yesterday, contagion remains top of mind, and commentators are warning of more risks to the financial sector. 

Signature Bank in New York went under on Sunday. Other lenders also named Signature Bank are scrambling to let customers know they're still open for business.

Tech Insider
A woman leaves a branch of Signature Bank in New York, Monday, March 13, 2023.
Signature Bank, New York, was shut down by regulators on Sunday.

Seth Wenig/Associated Press

Sell any stock rebound resulting from banking-system intervention, Morgan Stanley CIO says

Tech Insider
Silicon Valley Bank failure
Silicon Valley Bank

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Regulators didn't have to shutter Signature Bank, says Dodd-Frank Act coauthor Barney Frank, who helped oversee the lender: 'We could've continued'

Tech Insider
Barney Frank
Barney Frank.

REUTERS/Jonathan Ernst

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