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

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

Tech Insider : Economy
Jamie Dimon
JPMorgan Chase CEO Jamie Dimon.

REUTERS/Brian Snyder

Banking turmoil is far from over. Bill Ackman, Jeffrey Gundlach, and Mohamed El-Erian have renewed their warnings about unresolved risks.

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Bill Ackman
Bill Ackman.

Reuters

Banks ask SEC to stop short-seller attacks on their stocks driven by social-media speculation

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Traders

(Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

Nearly half of Americans are concerned about the safety of their money in banks, survey finds

Tech Insider : Economy
People queue up outside the headquarters of Silicon Valley Bank to withdraw their funds on March 13, 2023 in Santa Clara, California.
People queue up outside the headquarters of Silicon Valley Bank to withdraw their funds in March.

Liu Guanguan/China News Service/VCG via Getty Images

PacWest is the latest bank whose future is in question after reports it's weighing a sale sent shares tumbling over 50%

Tech Insider
A general view of Pacific Western Bank in Huntington Beach, California, U.S.
PacWest Bancorp, the parent company of Pacific Western Bank, is reportedly exploring strategic options including a sale.

Mike Blake/Reuters

JPMorgan debuts AI model used to decipher Fed speeches for potential trading signals

Tech Insider
a human hand shakes a robotic arm representing humans working with technology
JPMorgan unveiled a new AI-powered tool that reads Fed comments to uncover potential trading signals.

Malte Mueller/Getty Images

First Republic Bank turmoil pushes stock to plunge 95% this year as the lender seeks another lifeline from big US banks

Tech Insider
first republic bank

Justin Sullivan/Getty Images

Banks aren't the only ones that hold risky commercial-real-estate debt. Pension funds are about to feel the pain, too.

Tech Insider
NY buildings
Buildings in New York City.

(Photo by Fatih AktaÅ/Anadolu Agency via Getty Images)

US banks are fretting over falling commercial real-estate valuations as higher interest rates and a credit squeeze bite, top executives say

Tech Insider
A pedestrian walks by a commercial property for lease on October 27, 2022 in San Francisco, California.
A pedestrian walks by a commercial property for lease in San Francisco, California.

Justin Sullivan/Getty Images

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