How bad is the banking crisis?

Tech Insider
People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread.
People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City.

Spencer Platt/Getty Images

UBS is officially buying Credit Suisse in a historic rescue deal. This is how we got here.

Tech Insider
Swiss Switzerland Fan Flag Soccer
Credit Suisse's stock is plunging as investors fear a banking crisis.

AP Photo/Schalk van Zuydam

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

Tech Insider
Federal Reserve Building
In this May 22, 2020, file photo, a car drives past the Federal Reserve building in Washington.

Patrick Semansky/AP Photo

Fear of financial crisis unleashed chaos across markets this week. These 7 charts show how the shockwaves engulfed stocks, bonds, and commodities.

Tech Insider
Stock traders on the exchange trading floor.
Stock traders

Drew Angerer/Getty Images

Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse

Tech Insider
Cathie Wood
Cathie Wood speaks on a panel at Miami's Bitcoin 2022 conference.

Rebecca Blackwell/AP Photo

Regulators tell prospective bidders for Signature Bank that they need to drop the firm's crypto business, report says

Tech Insider : Crypto
A woman leaves a branch of Signature Bank in New York, Monday, March 13, 2023.
A woman leaves a branch of Signature Bank in New York, Monday, March 13, 2023.

Seth Wenig/Associated Press

Silicon Valley Bank's failure might just spark a faster housing rebound

Tech Insider

Can you believe it's only Thursday? Phil Rosen here. The sheer volume of financial news this week is enough to fill a very thick book — but if it's okay with you, today we'll keep it to a single newsletter. 

One thing I'm thinking about this morning: Elon Musk said he sees similarities between the Silicon Valley Bank collapse and the 1929 Wall Street crash.

The US is heading for a credit crunch and now is the time to buy gold and bitcoin, Galaxy CEO Mike Novogratz says

Tech Insider
Mike Novogratz

Lucas Jackson/Reuters

The CEO of Silicon Valley Bridge Bank is asking customers to return. But spooked Americans are moving billions out of smaller banks and into Wall Street giants.

Tech Insider
Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023.
Many depositors moved their funds out of Silicon Valley Bank over the last few days.

Noah Berger/AFP

A top real estate economist breaks down how the Silicon Valley Bank failure can push more homebuyers into the housing market as mortgage rates fall faster than expected

Tech Insider
home for sale

Justin Sullivan/Getty Images

Subscribe to Signature Bank