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The Latest Breaking News from FDIC

Is my money safe? What you need to know about bank failures

Recent bank failures may have you worried about your money

The Independent UK

The $100 billion meltdown of First Republic could play out 3 ways—and 2 are terrible for shareholders

The once high-flying bank has seen shareholders flee as concern mounts that the FDIC may have to step in.

Fortune

Markets Today: Stocks Continue Their Rally

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is up +0.46%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.40%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.30%. U.S. stock indexes are moderately higher,...

Barchart

From analysis to the latest developments in health,
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Markets Today: Weakness in Tech Stocks Weighs on Stock Index Futures

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.22%. U.S. stock index futures this morning are moderately lower. Weakness in technology stocks is weighing on the overall market after Amazon.com gave up a +12%...

Barchart

What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report

The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.

WEKU

ASX falls, Japan's Kirin to buy Blackmores for $2 billion, Wall St eases as First Republic banking crisis outweighs tech profits — as it happened

The Australian share market has fallen for the fifth session in a row, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion.

ABC News

Apple’s Ecosystem of Cash

In the race to offer the highest yields on savings, Apple expanded its cash ecosystem (Apple Pay, Apple Card, and “Pay Later”) with a 4.15% offer.

Barchart

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Tech-Stock Strength Partially Outweighs Banking Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.64%. Stock indexes Wednesday settled mixed, with the S&P 500...

Barchart

Did Tweets Help Crash Silicon Valley Bank? Paper Shows New Social Media Risks

A new study on Silicon Valley Bank's demise links depositor flight and stock crash with Twitter mentions.

Kiplinger

Synchrony Bank review 2023

Synchrony is an online-only bank with various, low-cost account options for savers.

Fortune

Frank founder Charlie Javice put her money in Signature Bank after JPMorgan Chase fraud allegations

Javice rushed to pull her funds out of Signature Bank after it was taken over by the FDIC in March.

Fortune

Are Your Bank Deposits Safe? What to Know

Recent bank failures have unnerved savers, but your money is protected up to certain limits. Here’s what you need to know.

Kiplinger

Bank rates are up. How to avoid leaving money on the table

After years of paying low rates for savers, banks are finally offering better interest on deposits

The Independent UK

Reverse ATMs take bills, dispense cards as stores go cashless

Sports stadiums and amusement parks are all shunning cash — but often required to take it

Axios

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Chicago Sun-Times

Bridgeport bank failure proves costly for FDIC, a CPD officer faces dismissal and more in your Chicago news roundup

Today’s update is about an eight-minute read that will brief you on the day’s biggest stories.

Los Angeles Times

Michael Hiltzik: Love it or hate it, the Silicon Valley Bank bailout won't cost taxpayers a cent

What's the dirtiest word in financial policy?

Chicago Sun-Times

Bridgeport bank failure cost millions more than feds have said: Where did all the money go?

Authorities say they’ve recovered $59 million toward the money lost when they shut down Washington Federal Bank for Savings, but they’re still out another $81 million, records show.

Fortune

You’re probably not getting the best APY on your savings account, here’s how to grow your savings

A new account might be the fastest way to increase your savings these days, but experts say it’s not the only way.

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news in one place.

100's of premium titles.
One news app.

Kiplinger

Top Earning 3-Year CDs July 2023

Here are the top-yielding 3-year CDs — with some accounts paying up to 5.13%.

Bangkok Post

Money market funds lure investors with returns

Depositors have started to move their money from bank accounts to money market funds, in part because of ongoing concerns about the banking crisis and also offers of higher returns, according to a recent report from financial services company Morningstar.

The Conversation

5 policies that could make future bank failures less likely or severe

The abrupt failures of Silicon Valley Bank and Signature Bank and subsequent concerns about the stability of other banks have reignited a fierce debate among lawmakers, the financial industry, the Biden administration and former government officials about an array of banking reforms and regulatory changes.

Fortune

How a pod of SVB bankers are starting over at a new firm after their world fell apart

Former SVB bankers Jake Moseley and Matt Trotter talk about their decision to join Stifel and the gaping hole left by SVB in venture lending.

Fortune

Primis Bank Review 2023

Primis Bank offers low-cost account options and various customer service options. Consumers looking for a bigger bank with high APYs across the board may not be sold.

Fortune

Today’s top CD rates, April 13

Here’s our list of the highest CD rates at every term length from close to 80 different banks and credit unions, ranging from 3 months to 10 years.

Fortune

Safe investments for a tumultuous market

Investors are piling into cash. Here are some strategies for getting the most out of your money.

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Patrick Daley Thompson

From analysis to the latest developments in health,
read the most diverse news in one place.

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