Billionaire investor Bill Ackman says US banks depositing $30 billion into First Republic creates a 'false sense of confidence'

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Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017.
Billionaire investor Bill Ackman calls for a temporary systemwide bank deposit guarantee immediately.

REUTERS/Mike Blake

Goldman Sachs just told us the banking crisis makes it more pessimistic about the economy - and other recession signals are blaring too

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This week felt like the longest month ever. Phil Rosen here — who knew you could age so precipitously in so few calendar days? 

WALL STREET RESCUE: A group of banks led by JPMorgan and Bank of America are set to pile $30 billion into First Republic Bank

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First Republic Bank
First Republic Bank branch on Park Avenue in New York City.

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The Fed may provide as much as $2 trillion in liquidity relief for banks after the SVB collapse, JPMorgan says

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Jerome Powell Federal Reserve Chair
Federal Reserve Board Chair Jerome Powell.

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'Big Short' investor Michael Burry hints the stock market could bottom within weeks - if this banking fiasco plays out like a previous one

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Michael Burry
Michael Burry.

Bloomberg TV

The CEO of Silicon Valley Bridge Bank is asking customers to return. But spooked Americans are moving billions out of smaller banks and into Wall Street giants.

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Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023.
Many depositors moved their funds out of Silicon Valley Bank over the last few days.

Noah Berger/AFP

Silicon Valley Bank's just suffered the worst financial meltdown in 15 years. Here's what you should know, and what A-list market minds are saying.

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sbv silicon valley bank building exterior

AP Photo/Benjamin Fanjoy

Relax, SVB's implosion is nothing like the 2008 financial crisis, and the economy will be fine

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Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.

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Silicon Valley Bank's collapse means startups and VCs face billions in losses

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A man stands outside Silicon Valley Bank
Silicon Valley Bank was shut down Friday by regulators.

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The implosion of Silicon Valley's largest bank has investors worried worse is to come: 'There might be some kind of crack in the financial system'

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Silicon Valley Bank
The rapid-fire implosions of Silicon Valley Bank and Silvergate have Wall Street worried about a broader financial shock.

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