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Bank Run

Credit Suisse faced a staggering $69 billion of outflows in the first quarter, an amount that eclipses UBS's market cap

Mon, 04/24/2023 - 06:25

credit suisse ubs merger logos — Credit Suisse and UBS.
NurPhoto

Markets, MI Exclusive, Credit Suisse, ubs, Saudi National Bank, Banking Crisis, banking crisis 2023

Jamie Dimon says the banking chaos won't spark a 2008-style financial crisis - and Warren Buffett's $1 million offer should reassure depositors that their money is safe

Mon, 04/17/2023 - 06:37

jamie dimon — JPMorgan Chase CEO Jamie Dimon.
Kimberly White/Getty Images

Markets, MI Exclusive, Stocks, Jamie Dimon, JPMorgan, Warren Buffett, Berkshire Hathaway

'Bond Kings' Bill Gross and Jeffrey Gundlach hint a credit crunch is looming as surging rates and banking jitters hit lending

Wed, 04/12/2023 - 06:23

bill gross — Bill Gross.
REUTERS/Jim Young

Markets, MI Exclusive, Stocks, Bill Gross, Jeffrey Gundlach, Bond King, Billionaires

Charles Schwab has enough liquidity if all bank deposits 'ran off,' CEO says

Thu, 03/23/2023 - 15:54

Walt Bettinger, the chief executive of Charles Schwab. — Walt Bettinger, the chief executive of Charles Schwab.
REUTERS/Elijah Nouvelage

Markets, MI Exclusive, Bank Run, Deposits, Charles Schwab, Liquidity, bank crisis

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

Fri, 03/17/2023 - 08:56

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.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Silicon Valley Bank, SVB, Bankruptcy, Bank Run

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

Fri, 03/17/2023 - 06:38

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

News, finance, Markets, Silicon Valley Bank, SVB, Bank Run, First Republic

Some VC firms have started moving money back into Silicon Valley Bank, marking the latest turn in the bank's wild week

Fri, 03/17/2023 - 02:03

Security guards let individuals enter the Silicon Valley Bank's headquarters in Santa Clara, Calif., on Monday, March 13, 2023. — SVB crisis: Some tech VCs are now backing the bank again.
Benjamin Fanjoy/Associated Press

News, finance, Markets, Silicon Valley Bank collapse, SVB, Tech, Venture Capitalists

Peter Thiel said he had $50 million in a personal account at Silicon Valley Bank when it collapsed, despite telling his portfolio companies to pull their money

Thu, 03/16/2023 - 14:18

Peter Thiel — Founders Fund partner Peter Thiel.
Chip Somodevilla/Getty Images

Tech Insider, finance, Peter Thiel, Founders Fund, Silicon Valley Bank, SVB, SVB collapse

US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis

Wed, 03/15/2023 - 16:08

trader nyse upset market crash — Reuters / Brendan McDermid

Markets, MI Exclusive, Stock market news today, Credit Suisse stock, Silicon Valley Bank collapse, Banking Crisis, us banking crisis

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

Wed, 03/15/2023 - 12:53

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

economy, News, Markets, SVB, Silicon Valley Bank, SVB Financial Group, Banks

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