bank collapse

One of the largest bank collapses in American history could be explored in a musical. What Happened: The collapse of Silicon Valley Bank, a unit of SVB Financial Group, was one of the biggest events of 2023 and rattled the regional banking sector. A bank run by customers trying to get deposits out...

The unfolding of the banking crisis since March has exposed the weakness of the global financial sector, driving a massive influx of investment toward decentralized finance (DeFi) assets and cryptocurrencies.  See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip’s...

The aftermath of SVB Financial Group's Silicon Valley Bank collapse rocked the financial world, and investors have been keeping a close eye on regional banks' volatile stocks affected by the significant bank failure. Overall sentiment on the Street is that most regional banks are...

Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, said that she does not believe the digital assets sector should be blamed for the recent collapses of SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank and Signature Bank (OTC: SBNY)....

Regulators faced the U.S. Senate Banking Committee Tuesday morning in a hearing following the collapse of SVB Financial Group (NASDAQ: SIVB) and Signature Bank (NASDAQ: SBNY). What Happened: FDIC chair Martin Gruenberg, the Federal Reserve's Vice Chair for Supervision Michael...

U.S. Treasury Secretary Janet Yellen said Thursday that regulators are prepared to take additional steps to protect customer bank deposits if necessary. This is in contrast to her remarks a day earlier to the Senate appropriations subcommittee when she said regulators were not...

Satori Fund founder and portfolio manager Dan Niles shorted several banks ahead of the collapse. Now he's looking to squeeze profits out of a pair of tech names. What To Know: Among several other names, Satori was short SVB Financial Group (NASDAQ: SIVB) before a bank...

On the day after U.S. Treasury Secretary Janet Yellen ruled out the idea of a complete bank deposit guarantee, Charles Schwab Corporation (NYSE: SCHW), the tenth largest bank in the U.S., came out and reaffirmed the soundness of its liquidity position and balance sheet. In an exclusive...

Growing concerns about the safety of bank deposits have prompted investors to approach community and regional banks with caution. Recent events, such as the collapse of Signature Bank and SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank have raised questions about...

First Republic Bank (NYSE: FRC) opened about 30% higher on Tuesday, near the middle of Monday’s trading range. The stock has been wildly volatile recently amid uncertainty over whether the bank will survive the crisis of net deposit outflows that caused the recent failure of SVB Financial...

As global banks face turmoil, Bitcoin (CRYPTO: BTC) has been experiencing an astonishing rally and its proponents are already looking ahead to the coin's next significant milestone of $30,000.  Since March 8, when problems first surfaced around SVB Financial Group's (NASDAQ:...

Signature Bank's digital-assets business will not be acquired by a unit of New York Community Bancorp as previously anticipated. Customers' crypto-related deposits, amounting to approximately $4 billion, will be returned to them directly, according to a deal announced by the Federal Deposit...

Amidst the turbulence in the lending sector caused by the downfall of SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank, First Republic Bank (NYSE: FRC), a prominent San Francisco headquartered-bank, is said to be assessing various strategic alternatives to navigate through...

Switzerland's Financial Market Supervisory Authority (FINMA) and Swiss National Bank (SNB) released a joint statement in response to the recent market turmoil caused by certain banks in the U.S. What Happened: The statement confirmed the problems faced by U.S. banks do not pose a direct...

Covenant Venture Capital Chief Investment Strategist Karl Douglas joined Benzinga Live Tuesday to discuss the fallout from Silicon Valley Bank’s collapse and said the Biden Administration’s response was “brilliant.” Last week, Silicon Valley Bank failed to...