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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.

Sun, 03/19/2023 - 07:30

warren buffett — Warren Buffett.
Bill Pugliano / Getty

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Banks, Banking Crisis

Mid-size banks want all deposits insured for 2 years to avoid 'panic' and restore confidence, report says

Sun, 03/19/2023 - 07:15

Inserting card into ATM — The Mid-Size Bank Coalition of America represents more than 100 lenders.
Getty Images

finance, News, FDIC insurance, Federal Deposit Insurance Corporation, Federal Reserve, Janet Yellen, Banks

People are pouring cash into money market funds at the highest rate since the start of COVID as depositors flee banking turmoil

Fri, 03/17/2023 - 10:31

US dollar — (Photo by Xu Jinbai/VCG via Getty Images)

Markets, MI Exclusive, Cash, money market funds, S&P 500, Banks, Federal Reserve

Credit Suisse shares slide 10% as the shine of its rescue package wears off

Fri, 03/17/2023 - 07:41

Credit Suisse in Geneva.

Fabrice Coffrini/AFP/Getty Images

Markets, MI Exclusive, Stocks, Credit Suisse, Credit Suisse stock, SVB, US stocks

Banks borrowed a record $153 billion from the Fed as SVB's collapse rocked Wall Street

Fri, 03/17/2023 - 06:36

Federal Reserve Building — In this May 22, 2020, file photo, a car drives past the Federal Reserve building in Washington.
Patrick Semansky/AP Photo

Markets, MI Exclusive, SVB, Silicon Valley Bank collapse, Wall Street, Fed, Lending

Dow jumps 372 points as US stocks surge on rescue plans for struggling banks

Thu, 03/16/2023 - 16:09

traders — (Photo by ANGELA WEISS/AFP via Getty Images)

Markets, MI Exclusive, Stocks, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Banks

Here are the 10 weirdest pieces of SVB-branded merch that are being auctioned on eBay. They include an apron and a 'lightly used' fidget spinner.

Thu, 03/16/2023 - 08:31

EBay sellers have put items featuring SVB's logo up for auction.

Justin Sullivan/Getty Images/eBay sellers

finance, Retail, News, Features, Trending UK, Silicon Valley Bank, SVB

'Everything is fine' at Credit Suisse - it's just a bit of panic, says its biggest backer Saudi National Bank

Thu, 03/16/2023 - 06:22

credit suisse — The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich.
FABRICE COFFRINI/AFP/Getty Images)

Markets, MI Exclusive, Stocks, Credit Suisse, Saudi National Bank, Banks, European Banks

Credit Suisse shares jump over 25% after a $54 billion SNB loan eases jitters, US stock futures stabilize

Thu, 03/16/2023 - 06:20

The logo of Swiss banking group Credit Suisse is pictured on November 11, 2018 in Geneva

Fabrice Coffrini/AFP/Getty Images

Markets, MI Exclusive, Stocks, Credit Suisse, Credit Suisse stock, SVB, US stocks

First Republic Bank downgraded to junk by S&P and Fitch on risk of clients pulling deposits in the wake of SVB failure

Wed, 03/15/2023 - 15:20

first republic bank — Justin Sullivan/Getty Images

Markets, MI Exclusive, first republic bank, Silicon Valley Bank, S&P Global Ratings, Fitch Ratings, ratings downgrade

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