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

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Bill Ackman
Bill Ackman.

Reuters/ Eduardo Munoz

PacWest falls 17% as the California bank borrows cash following a 20% drop in deposits

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A photo illustration of PacWest's logo. Pacific Western Bank is a California-based lender.
Regional banks like PacWest have been hit with deposit outflows.

Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Treasury Secretary Janet Yellen says the US banking crisis is 'stabilizing' and the government could provide more backing for deposits

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Treasury Sec. Janet Yellen
U.S. Treasury Secretary Janet Yellen at IMF headquarters in October 2022 in Washington, DC.

Drew Angerer/Getty Images

Warren Buffett has weighed in on bank runs, bailouts and the dangers of insuring deposits. Here are 9 quotes that shed light on today's banking crisis.

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warren buffett
Warren Buffett.

Bill Pugliano / Getty

Why Bill Ackman fears Wall Street's $30 billion rescue of First Republic could have catastrophic fallout

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bill ackman
Bill Ackman.

REUTERS/Mike Cassese

US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.

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American flag over US money
American flag over US money

STILLFX/Getty Images

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