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The Latest Breaking News from FDIC

Since March, the banking sector has encountered numerous challenges, resulting in the collapse of three major banks, which has shattered investors’ sentiments. While I think fundamentally strong bank stock Hanover Bancorp (HNVR) could be worth buying, avoiding Glacier Bancorp (GBCI) and Silvergate Capital (SICP) might be wise. Keep reading.

StockNews.com

ONE joins the fintech battle for banking customers with a 5% APY high-yield savings account

This ultra-competitive rate is available on balances up to $100,000.

Fortune

Banks Tighten Loan Criteria Following Mass Withdrawals: Kiplinger Economic Forecasts

After mass withdrawals in 2023, some small banks have enacted stricter loan criteria, and customers are looking for big returns.

Kiplinger

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Capital One savings account and CD rates: How do they compare?

Grow your savings faster by taking advantage of Capital One’s top deposit rates.

Fortune

Will the FDIC Raise the Deposit Insurance Limit?

Recent failures have some banking experts and policymakers asking whether it’s time to raise the FDIC deposit insurance limit.

Kiplinger

What Are the Biggest Bank Failures in U.S. History?

Bank failures aren’t as uncommon as you might think. 564 banks have collapsed since 2001, although the majority occurred during the Financial Crisis of 2007–2008 and resultant Great Recession, when 325 banks failed. 157 banks toppled in 2010 alone. Back then, the culprit was toxic subprime mortgage ...

The Street

Cash is No Longer Trash, So You Can Ditch Your Home Stash

Now 91% of Americans keep cash at home, according to a survey by Life and My Finances, a personal finance website.

The Street

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Nervous About the Markets and Economy? Consider History

To put things in perspective, focus on what you can control and remember that the ups and downs of the markets and economy can be cyclical.

Kiplinger

Dow Jones Futures Rise: House OKs Debt-Limit Bill; Salesforce, AI Stock Lead Earnings Movers

The House OK'd the debt-limit bill. Salesforce and C3.ai stock led earnings movers late. China EV makers reported May sales.

Investors Business Daily

Bank Stocks Tumble As FDIC Warns Of 'Downside Risks.' Full Fallout From March Panic Unclear.

Bank stocks fell Wednesday after the FDIC chairman said in a quarterly report that "downside risks" remain for the banking industry.

Investors Business Daily

What Is a Bank Failure? What Causes It?

You hear your bank is in trouble, and you immediately start to panic. “Will I lose my money?” You wonder, breathlessly. You envision yourself suddenly unable to pay for your groceries, or buy gas, or fund your child’s college tuition, so you rush online or jump in your car to…

The Street

Three Considerations for Stashing Cash After Bank Failures

People are understandably nervous about the safety of their cash accounts. The three-bucket method helps you divide your funds based on when you’ll need to access them.

Kiplinger

Summary Reversal of Sixth Circuit in Calcutt v. FDIC Reaffirms the Importance of Chenery I

A welcome reminder that reviewing courts must judge the propriety of agency actions solely by the grounds invoked by the agency.

Reason

Bankrate: Super savers: How much is too much to put in a savings account?

Saving money and having an emergency fund can help you handle unplanned expenses and provide peace of mind — especially in uncertain times. But stashing away too much cash might not be the best personal finance strategy, either. It’s possible to have too much money sitting in a savings account…

Tribune News Service

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The Street

What Happened to First Republic Bank? Why Is It in Trouble?

The San Francisco-based regional bank, First Republic, was the third financial institution to declare insolvency in 2023 and the second-largest bank to fail since Washington Mutual collapsed during the Financial Crisis of 2007–2008. Plagued by many of the same issues that doomed Silicon Valley Bank ...

The Street

Their Banks Failed, But Will They Give Back Their Huge Bonuses?

The CEOs of Silicon Valley Bank and Signature Bank earned millions in bonuses before their banks collapsed, but they have not returned the money.

The Street

Yellen Sends a Chilly Message to U.S. Banks

The banking crisis is not over and additional bank consolidations may be needed.

USAFacts

What's behind the decline in US banks?

The US has lost 71% of its banks over the last four decades. What does this mean for the economy?

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news in one place.

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The Street

PacWest and Western Alliance Shares Rebound

Shares of two regional-bank stocks, PacWest and Western Alliance, rose this week. They'd slumped when three U.S. banks collapsed.

The Independent UK

Watch live: Bank regulators testify before Senate after SVB and Signature failures

Watch live as top regulators testify before the USSenate on Thursday, 18 May, on bank failures following the collapse of Silicon Valley Bank (SVB) and Signature Bank earlier this year.

The Independent UK

Pick a college bank account as carefully as your college

Your college bank account should have the right set of features for you and minimal fees

The Street

'Big Short' Burry Gambled Big on Troubled Bank. The Bet Went Wrong

The legendary investor bet on First Republic Bank in the first quarter. In late April the firm was seized by regulators and on May 1 was sold to JPMorgan Chase.

Investors Business Daily

Regional Bank Stocks Set To Extend Rebound; KRE Eyes Strongest Week Since 2021

Western Alliance sparked a regional bank rally Wednesday. Regional banks traded sharply higher early Thursday.

The Street

'Big Short' Michael Burry Is Not Always Right

The legendary investor bet on First Republic Bank in the first quarter. In late April the firm was seized by regulators and on May 1 was sold to JPMorgan Chase.

The Street

'Big Short' Michael Burry Makes a Bad Bet

First Republic Bank was seized in late April by regulators and sold to JPMorgan Chase on May 1.

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