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SVB collapse

Bill Ackman warns the US economy is heading for a 'train wreck' as the Fed hikes interest rates again

Thu, 03/23/2023 - 07:45

Bill Ackman — Bill Ackman.
Reuters/ Eduardo Munoz

Markets, MI Exclusive, Bill Ackman, Banking Crisis, US banking system, us banking crisis, SVB

Former Treasury Secretary Larry Summers says more rate hikes may be needed to kill inflation despite a banking crisis

Thu, 03/23/2023 - 06:16

larry summers — Harvard University President Emeritus Larry Summers.
REUTERS/Jonathan Ernst

Markets, MI Exclusive, Larry Summers, Inflation, Fed, fed inflation, fed decision

A bipartisan pair of lawmakers just launched an effort to crack down on the Fed following Silicon Valley Bank's collapse

Wed, 03/22/2023 - 12:16

Tech Insider : Economy, Politics

From left, Energy Secretary Rick Perry Sens. Rick Scott, R-Fla., and Elizabeth Warren, D-Mass, talk before Senate Armed Committee confirmation hearing titled — From left, Energy Secretary Rick Perry Sens.

economy, politics, Policy, SVB, SVB collapse, Silicon Valley Bank, Silicon Valley Bank collapse

Silicon Valley Bank insiders borrowed a record $219 million from the lender as its troubles built

Wed, 03/22/2023 - 11:49

SVB — Silicon Valley Bank
Nikolas Liepins/Anadolu Agency via Getty Images

Markets, MI Exclusive, Silicon Valley Bank, Silicon Valley Bank collapse, SVB collapse, Loans, Credit

Jeremy Siegel says bitcoin's rush higher will fizzle out once people trust banks again

Wed, 03/22/2023 - 09:38

Tech Insider : Crypto

jeremy siegel — Jeremy Siegel.
Steve Marcus/Reuters

Markets, MI Exclusive, crypto, Bitcoin, Jeremy Siegel, Wharton professor Jeremy Siegel, crypto investing

Jeremy Siegel says the banking crisis has made him more optimistic about the US economy next year

Wed, 03/22/2023 - 09:16

jeremy siegel point — Wharton professor Jeremy Siegel.
Getty Images

Markets, MI Exclusive, Stocks, Jeremy Siegel, Wharton professor Jeremy Siegel, Fed, fed decision

The US economy is headed for a hard landing as the banking crisis makes a recession more likely - and traders should avoid risk, JPM's quant guru says

Tue, 03/21/2023 - 08:09

Trader NYSE — A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.
Andrew Kelly/Reuters

Markets, MI Exclusive, recession warning, Recession, Banking Crisis, us banking crisis, Silicon Valley Bank

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

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

After SVB's collapse, Biden calls on Congress to hold bank executives accountable for failures: 'No one is above the law'

Fri, 03/17/2023 - 12:48

Tech Insider : Economy, Politics

Biden — President Joe Biden speaks at the White House on January 12, 2023.
AP Photo/Andrew Harnik

economy, politics, SVB collapse, SVB, Silicon Valley Bank, Silicon Valley Bank collapse, Biden administration

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