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Banks borrowed a record $153 billion from the Fed as SVB's collapse rocked Wall Street

Fri, 03/17/2023 - 06:36

Tech Insider

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, SVB, Silicon Valley Bank collapse, Wall Street, Fed, Lending

Bank turmoil drags oil prices down to 15-month low

Thu, 03/16/2023 - 09:55

Tech Insider

us oil refinery — REUTERS/Donna Carson

Markets, MI Exclusive, oil prices, Brent Crude, WTI, energy, bank crisis

The US is heading for a credit crunch and now is the time to buy gold and bitcoin, Galaxy CEO Mike Novogratz says

Wed, 03/15/2023 - 13:09

Tech Insider

Mike Novogratz — Lucas Jackson/Reuters

Markets, MI Exclusive, Mike Novogratz, Silicon Valley Bank, SVB, Signature Bank, Silvergate Bank

The Fed should keep up the fight against inflation as SVB collapse is not like the 2008 crisis, Morgan Stanley Wealth Management CIO says

Wed, 03/15/2023 - 12:40

Tech Insider

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, March 7, 2023. — Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, March 7, 2023.
AP Photo/Andrew Harnik

Markets, MI Exclusive, Jerome Powell, Inflation, inflation powell, Fed, Federal Reserve

A top real estate economist breaks down how the Silicon Valley Bank failure can push more homebuyers into the housing market as mortgage rates fall faster than expected

Wed, 03/15/2023 - 11:51

Tech Insider

home for sale — Justin Sullivan/Getty Images

Markets, MI Exclusive, Homes, SVB, Silicon Valley Bank, housing rebound, housing crash

Dow tumbles nearly 500 points as Credit Suisse stokes fears of bank failure contagion

Wed, 03/15/2023 - 09:36

Tech Insider

traders NYSE — Scott Olson/Getty Images

Markets, MI Exclusive, Stock market news today, Dow, sp500, Silicon Valley Bank, Credit Suisse

US stocks rise as bank shares rebound and CPI shows inflation continues to cool

Tue, 03/14/2023 - 16:19

Tech Insider

Stock trader Greg Rowe Traders works on the floor of the New York Stock Exchange during morning trading on November 17, 2022 in New York City. — Michael M. Santiago/Getty Images

Markets, MI Exclusive, Stocks, stock market news, Equities, Equities Markets, SVB

The Fed says it will investigate its oversight of Silicon Valley Bank following the biggest bank failure since 2008

Mon, 03/13/2023 - 16:59

Tech Insider

jerome powell — Federal Reserve Chairman Jerome Powell.
Alex Wong/Getty

Markets, MI Exclusive, Jerome Powell, Silicon Valley Bank, SVB, Investigation, Federal Reserve

The rescue of SVB and Signature Bank depositors leaves the incentive for bank runs, Wharton finance professor says

Mon, 03/13/2023 - 13:36

Tech Insider

A worker arrives to the Signature Bank headquarters in New York City, U.S., March 12, 2023. REUTERS/Eduardo Munoz — Signature Bank headquarters in New York City.
REUTERS/Eduardo Munoz

Markets, MI Exclusive, Bank Run, Signature Bank, Dodd-Frank, Silicon Valley Bank, Financial Crisis

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

Mon, 03/13/2023 - 12:30

Tech Insider

Barney Frank — Barney Frank.
REUTERS/Jonathan Ernst

Markets, MI Exclusive, Barney Frank, Signature Bank, Silicon Valley Bank, SVB, bank failure

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