Banking
Four US Bank Failures in Four Months, is the Wave Over?
With $229.1 billion in total assets at the time of closure, First Republic Bank has become the second-largest bank failure in American history.
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16
News
Silicon Valley Bank
Section
Silicon Valley Bank
Banking
JP Morgan’s Q2 Profit Surges to $14.47B on Back of FRC Deal and Rising Interest Rates
JPMorgan's profit and revenue rose substantially in Q2 2023, in part due to its May acquisition of the imploded First Republic Bank.
Best Stocks
First Republic Surges 33% in Premarket as SVB Deal Calms Investors
First Republic stock soared 33% in premarket after First Citizens BancShares agreed to purchase SVB loans and deposits.
Market Analysis
The Warnings Signs and Red Flags Before Three Banks Fell
Could regulators have drawn from multiple red flags to halt SVB's downfall?
Market Analysis
US Banks Borrowed $148B from Fed’s Discount Window this Week, Highest Level Since 2008
The FDIC has also lent out $142.8 billion to two entities set up by US regulators to succeed SVB and Signature Bank.
Market Analysis
Crypto Business Becomes Key Talking Point of Signature Bank’s Sale
Banks interested in acquiring Signature and Silicon Valley Bank need to submit bids by March 17.
Banking
Fed Considers New Rules for Midsize Banks After SVB Collapsed with 90% Deposits Uninsured
Silicon Valley Bank and Signature Bank had the highest ratio of uninsured deposits, at 93.3% and 89.7%, respectively.
Banking
DoJ and SEC to Investigate Stock Sales by Silicon Valley Bank Executives
The DoJ and the SEC opened probes into the events that led to the SVB collapse.
Market Analysis
Bitcoin Breaches $26,000 After Expected February CPI Print
Bitcoin price breached the $26,000 threshold Tuesday as its recent rally continued to gather steam.
Banking
Bitcoin Up 9.5% Amid Banking Crisis in US, Breaks Through $24,000
For the first time in a major bank run, Bitcoin exists as a ready-to-go solution.
Best Stocks
Bank Stocks Tank on Market Open Despite White House’s Reassurance
Global bank stocks nosedived at Monday market open after the US authorities shut down SBV and Signature Bank to prevent a potential crisis.
Market Analysis
US Regulators Take Emergency Measures as Three Banks Fail in a Week
US regulators said depositors in both Silicon Valley Bank and Signature Bank will be made whole.
Crypto
Signature Bank Shut Down by US Regulators Over Systematic Risk Fears
The US Federal Reserve and Treasury announced in a joint statement that crypto-friendly Signature Bank has been ordered to shut down.