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Nobel economist Paul Krugman sounds the recession alarm as banking fears mount - but shrugs off 'apocalyptic warnings' and fears of another financial crisis

Wed, 03/22/2023 - 06:54

Paul Krugman Joe Scarborough debate — Paul Krugman.
AP

Markets, MI Exclusive, Stocks, Paul Krugman, New York Times, Nobel prize in economics, Banking Crisis

US stocks jump as investors prepare for interest rate decision from the Fed

Tue, 03/21/2023 - 16:05

nyse svb first republic trading floor — Timothy A. Clary/AFP via Getty Images

Markets, MI Exclusive, Stock market news today, First Republic, FRC, Bank stocks, us banking crisis

Bill Ackman urges the Fed to pause interest-rate increases because the banking crisis is not yet over

Tue, 03/21/2023 - 06:21

Bill Ackman — Bill Ackman.
Manuel Balce Ceneta/AP

Markets, MI Exclusive, Bill Ackman, Inflation, fed inflation, fed pause, SVB

Elon Musk sees 'serious risk' of another Great Depression if the Fed doesn't stem the collapse of regional banks after SVB failure

Mon, 03/20/2023 - 15:09

A picture of Elon Musk from the shoulders up. He's wearing a black t-shirt and clasping his left hand to his head with a calm expression on his face. — Elon Musk.
Adrees Latif/Reuters

Markets, MI Exclusive, Elon Musk, Regional Banks, Banking Crisis, Silicon Valley Bank, first republic bank

First Republic shares crater 50% as banks discuss fresh capital raise after $30 billion rescue

Mon, 03/20/2023 - 12:51

A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California. — A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.
Justin Sullivan/Getty Images

Markets, MI Exclusive, First Republic, first republic bank, SVB, Credit Suisse, ubs

The Fed spotted red flags at Silicon Valley Bank years before it collapsed, report says

Mon, 03/20/2023 - 11:56

SVB — Nikolas Liepins/Anadolu Agency via Getty Images

Markets, MI Exclusive, SVB, Silicon Valley Bank collapse, NYT, us banking crisis, Banking Crisis

Warren Buffett has been talking to the Biden White House about a possible investment in regional banks, report says

Sun, 03/19/2023 - 07:30

Warren Buffett speaks onstage — Warren Buffett at an event in Washington DC in 2015.
Paul Morigi/Getty Images

finance, News, Warren Buffett, Banking Crisis, SVB, First Republic, White House

Investors are still worried about a run on deposits of some ailing banks while massive lifelines buy more time

Sat, 03/18/2023 - 08:45

Credit Suisse — Credit Suisse stock plummeted on Wednesday during the bank's largest one-day selloff to date.
NurPhoto/Getty Images

Markets, MI Exclusive, Credit Suisse, depositors, First Republic, SVB, Confidence

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

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