JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco

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Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

Justin Sullivan/Getty Images

JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco

Tech Insider
Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

Justin Sullivan/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

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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

Banking 'cancer' may be spreading as otherwise healthy firms seem vulnerable and credit gets pulled from the economy, Mohamed El-Erian says

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Mohamed el-erian

Photo by Rob Kim/Getty Images

The biggest banks will pay to replenish the FDIC's deposit insurance fund, report says

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The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters as Chairman Sheila Bair announces the bank and thrift industry earnings for the fourth quarter 2010, in Washington, February 23, 2011. REUTERS/Jason Reed
The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington

Thomson Reuters

Big name investors like Bill Ackman are calling on the FDIC to insure all deposits, but that would only cost banks' customers more, former FDIC chair says

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bill ackman
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017.

Reuters

What happens to your money if your bank fails

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Why First Republic failed, and what it means for the rest of the banking industry

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A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.
First Republic's San Francisco headquarters.

Justin Sullivan/Getty Images

Jamie Dimon is vying to take control of First Republic Bank, report says, after JPMorgan steered clear of SVB

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Jamie Dimon, JPMorgan
Jamie Dimon is CEO of JPMorgan.

Chip Somodevilla/Getty Images

The US banking system may not be as strong as Powell and Yellen are saying, market veteran Ed Yardeni says

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Ed Yardeni
Ed Yardeni on CNBC.

CNBC screengrab

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