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JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.

Tue, 03/21/2023 - 05:50

Bag of stones — JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before to many others.
Roman Mykhalchuk/Getty Images

News, Markets, Commodities, JPMorgan, warehousing, metals, Nickel

First Republic shares slide 25% even after Wall Street's white knights promise a $30 billion rescue

Fri, 03/17/2023 - 11:41

First Republic Bank — First Republic Bank.
Michael Brochstein/SOPA Images/LightRocket via Getty Images

Markets, MI Exclusive, Stocks, Silicon Valley Bank, Silicon Valley Bank collapse, First Republic, JPMorgan

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

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

Fri, 03/17/2023 - 06:15

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

Markets, Newsletter, 10 things, 10 things opening bell, first republic bank, Silicon Valley Bank, bank crisis

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

Thu, 03/16/2023 - 15:33

First Republic Bank — First Republic Bank branch on Park Avenue in New York City.
Michael Brochstein/SOPA Images/LightRocket via Getty Images

Markets, MI Exclusive, Silicon Valley Bank, Silicon Valley Bank collapse, First Republic, JPMorgan, Morgan Stanley

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

Thu, 03/16/2023 - 11:25

Jerome Powell Federal Reserve Chair — Federal Reserve Board Chair Jerome Powell.
Win McNamee/Getty Images

Markets, MI Exclusive, JPMorgan, SVB, Silicon Valley Bank collapse, Deposits, Liquidity

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

Thu, 03/16/2023 - 08:36

Michael Burry — Michael Burry.
Bloomberg TV

Markets, MI Exclusive, Stocks, Michael Burry, The Big Short, Scion Asset Management, JPMorgan

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.

Wed, 03/15/2023 - 12:51

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

News, finance, Markets, Banking, Silicon Valley Bank, Signature Bank, Bank Run

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.

Mon, 03/13/2023 - 16:37

sbv silicon valley bank building exterior — AP Photo/Benjamin Fanjoy

Markets, MI Exclusive, Stocks, Features, Silicon Valley Bank, SVB, Gary Cohn

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

Mon, 03/13/2023 - 14:13

Tech Insider : Economy

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.
Justin Sullivan/Getty Images

economy, Markets, Silicon Valley Bank, Bailout, Great Recession, Treasury Department, Banking

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