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Banking Crisis

Warren Buffett's bank account, Charlie Munger's oil checks, and an Amazon bestseller: 6 nuggets from Berkshire Hathaway's annual meeting

Sat, 05/13/2023 - 06:45

warren buffett — Warren Buffett.
Reuters/Shannon Stapleton

Markets, MI Exclusive, Stocks, Warren Buffett, Charlie Munger, Berkshire Hathaway, Berkshire Hathaway Annual Meeting 2023

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

Fri, 05/12/2023 - 10:49

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

Markets, MI Exclusive, FDIC, FDIC insurance, Federal Deposit Insurance Corporation, Bank failures, Banking Crisis

The family behind First Citizens Bank has seen its wealth double to $2.2 billion after buying SVB's assets out of bankruptcy

Fri, 05/12/2023 - 07:55

A woman walks in front of a First Citizens Bank branch in Raleigh, North Carolina. — A First Citizens Bank branch in Raleigh, North Carolina. First Citizens Bank has acquired assets from Silicon Valley Bank.
Melissa Sue Gerrits/Getty Images

Markets, MI Exclusive, First Citizens Bank, SVB, Silicon Valley Bank, Silicon Valley Bank collapse, silicon valley bank crisis

Jamie Dimon warns a US default would be 'potentially catastrophic' as lawmakers remain deadlocked over raising the debt ceiling

Thu, 05/11/2023 - 11:59

Tech Insider : Economy

Jamie Dimon — JPMorgan Chase CEO Jamie Dimon.
REUTERS/Brian Snyder

Markets, MI Exclusive, Jamie Dimon, JPMorgan CEO, JPMorgan Chase, Debt Ceiling, debt default

PacWest plummets 28% to resume sell-off after the regional bank says deposits fell 9.5% last week

Thu, 05/11/2023 - 09:17

A branch of regional lender Pacific Western Bank in Whittier, California. — A branch of regional lender Pacific Western Bank in Whittier, California.
AP Photo/Ashley Landis

Markets, MI Exclusive, PacWest Bank, PACW stock price, Bank stocks, Regional Banks, regional lenders

Mohamed El-Erian says the US is in the second stage of the banking turmoil – and lists 4 ways to avoid a 'significantly damaging' third phase.

Wed, 05/10/2023 - 10:57

FILE PHOTO - Mohamed El-Erian speaks during the — File photo of Mohamed El-Erian speaking at the 2009 Milken Institute Global Conference in Beverly Hills.
Thomson Reuters

Markets, MI Exclusive, Mohamed El-Erian, Banking Crisis, us banking crisis, Silicon Valley Bank, Silicon Valley Bank collapse

Stanley Druckenmiller rings the alarm on an imminent recession - and says AI could rival the internet in impact

Wed, 05/10/2023 - 07:14

Stanley Druckenmiller — Stanley Druckenmiller.
Brendan McDermid/Reuters

Markets, MI Exclusive, Stocks, Stanley Druckenmiller, Duquesne Family Office, US Markets and Economy, Inflation

'Get granular': BlackRock says not all commercial real-estate is risky - and touts industrial properties as the next opportunity for investors

Tue, 05/09/2023 - 11:06

Factory — (Photo by Jonathan Raa/NurPhoto via Getty Images)

Markets, MI Exclusive, Commercial Real Estate, industrials sector, Interest Rates, rising interest rates, Credit Crunch

Gold closes in on an all-time high thanks to de-dollarization and banking uncertainty

Tue, 05/09/2023 - 06:48

gold — Gold prices have rallied in 2023, with investors fretting about turmoil in the US's regional banking sector.
David Gray/Reuters

Markets, MI Exclusive, Commodities, Gold, Investing Analysis, Investing Outlook, Investing Strategy

The debt-ceiling crisis is coming at the 'worst possible time,' says Chicago Fed president

Mon, 05/08/2023 - 15:44

Tech Insider : Economy

Kevin McCarthy — House Speaker Kevin McCarthy.
Kent Nishimura /Los Angeles Times via Getty Image

Markets, MI Exclusive, Debt Ceiling, Federal Reserve, Austan Goolsbee, Banking Crisis, economy

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