Nearly 200 more banks could be vulnerable to the same type of risk collapsed Silicon Valley Bank earlier this month, according to a recently published study. Researchers with the Social Science Research Network found there are 186 banks across the United States that could collapse if half their respective uninsured depositors withdraw their funds. The Federal…
Around 200 US Banks at Risk of Silicon Valley Bank-Like Collapse: Study
Almost 200 US Banks Are at Risk of Silicon Valley Bank-Like Collapse: Study
Nearly 200 more banks could be vulnerable to the same type of risk that collapsed Silicon Valley Bank (SVB) earlier this month, according to a recently published study. There are 186 banks across the United States that could collapse if half of their respective uninsured depositors withdraw their funds, researchers with the Social Science Research Network…
Banks Borrow Billions to Maintain Liquidity, Fed Data Show
March 17, 2023
admin
banksBusiness & Marketseconomic policieseconomyFederal ReserveSilicon Valley BankSilicon Valley Bank CollapseUSUS News
0 Comment
Banks have borrowed a combined total of $164.9 billion from the Federal Reserve in recent weeks following the collapse of Silicon Valley Bank (SVB), data published by the central bank show. According to Fed statistics released Thursday, banks borrowed $152.85 billion from the central bank in the week ending March 15 using the Fed’s traditional discount window—known as discount window…
What Will Happen at the Next Federal Reserve Meeting?
March 15, 2023
admin
banksBusiness & MarketsBusiness ColumnistseconomyfailuresinflationrecessionSilicon Valley Bank CollapseUS
0 Comment
Commentary “The 10-year note yield is where it was in mid-October [2022] when the funds rate was barely north of 3 percent. Bond market is saying recession/disinflation is in our future,” said economist David Rosenberg, on Mar. 9. This statement was issued before Silicon Valley Bank (SVB), Silvergate Bank, and Signature bank had their collective…
Banks Linked to Cryptocurrency Community Collapse: Could New Regulations Have Prevented This?
March 13, 2023
admin
banksBusiness & MarketsCompaniescryptocurrencyInvestmentMarketsOpinionregulationsUSUS NewsViewpoints
0 Comment
Commentary We have seen several banks fail in the last few days. The failures seemingly came out of nowhere. However, there are a few commonalities among the banks that failed. I will try and connect some dots for you. I listened to a livestream from law firm Foley and Lardner. Partner Pat Daughterty said that all three…
Investors Pressure European Banks to Stop Financing New Fossil Fuel Projects
February 11, 2023
admin
banksBusiness & MarketsCompaniesenergyEuropefossilfuelGold and CommoditiesInvestmentinvestorsMarketsprojectsWorld
0 Comment
A group of investors representing over $1.5 trillion in assets under management sent demand letters on Feb. 7 to five of Europe’s biggest banks, calling on them to stop financing fossil fuel firms by the end of 2023. ShareAction—an investment group whose website states that its “vision is a world where the financial system serves…
House Subcommittee Hears Lack of Banking Competition Fueled by Overregulation
Over the past decade, there has been less competition in the banking industry and this is harming consumers, says Rep. Andy Barr (R-Ky.), the Chairman of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy. The subcommittee hosted a hearing on Feb. 8 titled “Revamping and Revitalizing Banking in the 21st Century.” It…
US Banks Race to Attract Consumer Deposits After Record-High Exodus
February 8, 2023
admin
banksBusiness & MarketsCompaniesconsumer depositseconomic policieseconomyinflationInvestmentMarketspersonal financeUSUS News
0 Comment
American banks are chasing consumers to open new accounts, after a massive exodus of deposits over the past year led to a drain in capital. U.S. banks borrowed a total of $120 billion through the federal funds market on Jan. 27, the largest single day record since 2016, The Wall Street Journal reported. The problem began…
Central Banks Bought the Most Gold Since 1967 Last Year, WGC Says
January 31, 2023
admin
banksBusiness & Marketscentraleconomic policieseconomygoldGold and CommoditiesInternationalMarketsWGCWorld
0 Comment
LONDON—Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by far the most of any year since 1967, the World Gold Council (WGC) said on Tuesday. The data underline a shift in attitudes to gold since the 1990s and 2000s, when central banks, particularly those in…
Major Banks Beat Earnings Forecasts, but Recession Fears Increase
January 13, 2023
admin
banksBusiness & MarketsCompaniesEarnings Reporteconomyinflationinterest ratesInvestmentMarketsrecessionstocksUS
0 Comment
Major American banks beat their earnings forecasts, but recession fears are beginning to mount. JPMorgan Chase, Bank of America, Citigroup, and asset management giant BlackRock reported positive forecasts on Jan. 13, but many investors were still left disappointed. The banks managed to beat Wall Street’s reduced expectations for their fourth-quarter results, as higher interest rates boosted…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`