Not all Americans’ uninsured deposits will be protected by the federal government in the event of future bank collapses, Treasury Secretary Janet Yellen warned during a hearing before the U.S. Senate Finance Committee on March 16. “I can reassure the members of the committee that our banking system remains sound and that Americans can feel confident…
Not All Uninsured Deposits Will Be Government-Protected in Future Bank Failures: Yellen
March 20, 2023
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Small Banks in Good Shape Despite SVB Collapse, Says Community Bankers of America
The failures of Silicon Valley Bank (SVB), Silvergate, and Signature Bank last week served as stark reminders of the banking sector’s vulnerability to rising interest rates and a fragile economy. However, community banks in the country are trying to reassure in general that the overall health of regional banks remains strong. The Independent Community Bankers of America (ICBA),…
Small Banks in Good Shape Despite SVB Collapse, Trade Group Says
The failures of Silicon Valley Bank (SVB), Silvergate, and Signature Bank last week served as stark reminders of the banking sector’s vulnerability to rising interest rates and a fragile U.S. economy. However, the overall health of community banks remains strong, according to a trade association representing the country’s smallest banks. The Independent Community Bankers of America (ICBA)…
LIVE 10:30 AM ET: Fed Tries to Stop Unfolding Bank Crisis; Illegal Immigrants Cost US Health Care System Billions per Year
The Federal Reserve and the Biden administration are attempting to stop the unfolding crisis on America’s banks. Despite new measures taken to ensure that depositors are able to get money from troubled banks, upsets in the stock market and problems threatening regional banks suggest the crisis isn’t over. Meanwhile, Republicans are calling for U.S. military…
LIVE NOW: Fed Tries to Stop Unfolding Bank Crisis; Illegal Immigrants Cost US Health Care System Billions per Year
The Federal Reserve and the Biden administration are attempting to stop the unfolding crisis on America’s banks. Despite new measures taken to ensure that depositors are able to get money from troubled banks, upsets in the stock market and problems threatening regional banks suggest the crisis isn’t over. Meanwhile, Republicans are calling for U.S. military…
Fed Tries to Stop Unfolding Bank Crisis; Illegal Immigrants Cost US Health Care System Billions per Year
The Federal Reserve and the Biden administration are attempting to stop the unfolding crisis on America’s banks. Despite new measures taken to ensure that depositors are able to get money from troubled banks, upsets in the stock market and problems threatening regional banks suggest the crisis isn’t over. Meanwhile, Republicans are calling for U.S. military…
Credit Risk Surges as Investors Fear Bank Failures Threaten Markets
NEW YORK—Credit risk indicators flashed red on Monday, as investors worried about contagion risks across corporate debt markets after the collapse of Silicon Valley Bank (SVB) and New York’s Signature Bank in the space of 72 hours. An index of credit default swaps (CDS) on U.S. investment-grade companies rose to 90.2 basis points, its highest…
LIVE 3/14, at 10:30 AM ET: Fed Tries to Stop Unfolding Bank Crisis; Illegal Immigrants Cost US Health Care System Billions per Year
The Federal Reserve and the Biden administration are attempting to stop the unfolding crisis on America’s banks. Despite new measures taken to ensure that depositors are able to get money from troubled banks, upsets in the stock market and problems threatening regional banks suggest the crisis isn’t over. Meanwhile, Republicans are calling for U.S. military…
Bank Stocks Tumble; Others Rise on Hopes for Easier Rates
NEW YORK—Bank stocks tumbled Monday on worries about what’s next to break, following the second- and third-largest bank failures in U.S. history. But many other stocks rose on hopes the bloodletting will force the Federal Reserve to take it easier on the hikes to interest rates that are shaking Wall Street and the economy. The…
Capitol Report: Biden Attempts to Calm Nation Over Fears of Banking Crisis; Biden Changes Course on Fossil Fuels
March 13, 2023
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The White House makes sweeping moves following two historic bank failures in just a matter of days. What is President Joe Biden announcing, and how do lawmakers and investors react? Rep. Mike Flood (R-Neb.), a member of the Financial Services Committee, joins us to discuss the factors behind the sudden bank collapse and give his…
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