SVB Financial files for bankruptcy, a week after Silicon Valley Bank's closure by regulators

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A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California.
A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California.

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Why Bill Ackman fears Wall Street's $30 billion rescue of First Republic could have catastrophic fallout

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bill ackman
Bill Ackman.

REUTERS/Mike Cassese

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

Carl Icahn says the Fed needs to focus on battling the 'disease of inflation' despite SVB's failure

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Carl Icahn
Billionaire investor Carl Icahn.

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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? 

Fear of financial crisis unleashed chaos across markets this week. These 7 charts show how the shockwaves engulfed stocks, bonds, and commodities.

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Stock traders on the exchange trading floor.
Stock traders

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Chinese state media says US banking troubles are a result of poor regulation and domestic politics — but China's banks aren't having a great time either

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A man (C) reads the Chinese state-run newspaper with coverage of the conflict between Russia and Ukraine, on a street in Beijing on February 24, 2022.
China uses state media to push its messaging.

Jade Gao/AFP/Getty Images

Dow jumps 372 points as US stocks surge on rescue plans for struggling banks

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traders

(Photo by ANGELA WEISS/AFP via Getty Images)

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.

Michael Brochstein/SOPA Images/LightRocket via Getty Images

Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse

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Cathie Wood
Cathie Wood speaks on a panel at Miami's Bitcoin 2022 conference.

Rebecca Blackwell/AP Photo

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