Big banks may cover 95% of the cost to refill the $16 billion hole blown in the FDIC's deposit insurance fund by bank failures

Tech Insider
Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023.
Silicon Valley Bank customers in March.

Noah Berger/AFP

The biggest banks will pay to replenish the FDIC's deposit insurance fund, report says

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The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters as Chairman Sheila Bair announces the bank and thrift industry earnings for the fourth quarter 2010, in Washington, February 23, 2011. REUTERS/Jason Reed
The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington

Thomson Reuters

Big name investors like Bill Ackman are calling on the FDIC to insure all deposits, but that would only cost banks' customers more, former FDIC chair says

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bill ackman
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017.

Reuters

PacWest and First Horizon plummet 40% as banking-industry nerves spur speculation of further consolidation

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NYSE Trader
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020.

Bryan R Smith/Reuters

The Fed is 'tone deaf' if it hikes interest rates when a debt default and banking crisis are looming, top economist David Rosenberg says

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David Rosenberg
David Rosenberg.

Gluskin Sheff

First Republic's takeover worsens the 'too big to fail' bank problem, and taxpayers will be on the hook, Elizabeth Warren says

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Sen. Elizabeth Warren
Sen. Elizabeth Warren.

Tom Williams/CQ-Roll Call, Inc via Getty Images

First Republic Bank review: Better interest rates than many brick-and-mortar banks, but high minimum deposits

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US stocks mixed as traders mull impact of First Republic failure and brace for big Fed meeting

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Traders on the floor of the New York Stock Exchange (NYSE)
Traders on the floor of the New York Stock Exchange (NYSE)

Spencer Platt/Getty Images

First Republic stock crashes 46% as regulators seize the bank and JPMorgan takes it over

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A pedestrian walks by a First Republic bank on April 26, 2023 in San Francisco, California.
First Republic stock has plummeted in the wake of Silicon Valley Bank's demise.

Justin Sullivan/Getty Images

Jamie Dimon says JPMorgan rescued First Republic because the government asked his bank 'to step up, and we did'

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Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks at the Economic Club of Washington September 12, 2016 in Washington, DC. Dimon joined a discussion on the state of U.S., global and regional economies.
Jamie Dimon is CEO of JPMorgan.

Win McNamee/Getty Images

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