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The Latest Breaking News from FDIC

SVB and Signature Bank's failures had a lot in common with small rural banks from the 1930s Fed economists say

This year's banking collapses have some striking parallels with the thousands of small bank failures that dotted the 1930s.

Fortune

Banks: 10 Weeks Into The Bank Wreck. Where Do We Stand? Who's At Risk?

Regional banks remain under pressure 10 weeks after the start of the bank crisis. Regulators, JPMorgan's Jamie Dimon aim at short sellers.

Investors Business Daily

How much interest could you earn with a savings account? Here’s a look at today’s average rates

Banks are attempting to keep up with the Fed—and compete with each other.

Fortune

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Stocks Higher, Tesla Gets Twitter Boost, New Microsoft Headache, Regional Banks Lift, Debt Ceiling Progress - 5 Things To Know

Stock futures higher as inflation risks fade; Tesla shares gain as musk finds new Twitter CEO; Microsoft faces another legal challenge to $69 billion Activision deal; PacWest leads regional banks higher as FDIC unveils new funding and Biden postpones meeting with McCarthy as debt ceiling talks hint progress.

The Street

Banks Are About to Get Hit With Nasty Fees For a Change

The FDIC voted on a plan Thursday to replenish the deposit insurance fund that was hit in the recent bank collapses.

The Street

Jamie Dimon says he won’t be buying any more failed banks: ‘It’s a lot of work’

“People always look at the financial deal. Forget the financial deal ... it's a lot of work,” Dimon told Bloomberg Thursday about buying beaten down banks.

Fortune

FDIC proposes big banks pay to recover losses in SVB and Signature failures

There were concerns that small banks would wind up bearing some of these costs and this proposal heads those off.

Axios

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PacWest Stock Tumbles as Depositors Pull $1.8B; Regional-Bank Stocks Slide

'News headlines increased our customers fears of the safety of their deposits,' PacWest said in an SEC filing.

The Street

Mercury has attracted depositors after SVB fell. But can it keep them

Mercury CEO Immad Akhund says business has never been better, but some wonder if the new money is “sticky.”

Fortune

This Might Be Your Last Call At Ridiculously 'Plump' 5% Rates

Cash isn’t trash anymore thanks to 10 hikes to interest rates from the Federal Reserve. But the fattest yields in two decades won't last.

Investors Business Daily

Bipartisan interest in new deposit insurance cap, but for whom? - Roll Call

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

Roll Call

What Happened to Signature Bank? Who Bought It?

After the spectacular, multi-billion collapse of Silicon Valley Bank (SVB) on March 10, 2023, federal regulators wasted no time taking action with other banks in distress. Less than 48 hours after SVB failed, after witnessing a large run on customer deposits, Signature Bank was closed by the New ...

The Street

How safe are online banks from collapse?

Bank failures have put many consumers on edge about the safety of their deposits. But are certain financial institutions more likely to fail than others?

Fortune

Longtime central Kentucky banker doesn’t expect bank failures to spread to the commonwealth

A New York Times article with the headline “Smaller banks are scrambling as share prices plunge” might have some Kentucky bankers, customers and investors worried. However, John Soper who spent 43 years in the banking industry in central Kentucky, said Kentucky banks should be OK ...

WEKU

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Barchart

Banking, CPI and Other Key Things to Watch This Week

For a week that was filled with news and earnings, the market failed to react in any major fashion. The S&P 500 ($SPX) (SPY) finished the week 0.80% lower. Watching the Goliath Apple (AAPL) report better-than-expected earnings helped to buoy the market along with a stronger-than-expected NFP report.

The Street

Buffett Says More Bank Runs Would Have Occurred Without Government Guarantee

Protecting the assets of Silicon Valley Bank and Signature Bank avoided what Warren Buffett, CEO of Berkshire Hathaway, said would have been a "catastrophic" scenario on the banking system.

Fortune

High-yield savings account vs. CD vs. T-bill: Where's the best place to put your money?

It's all about getting the highest rate while maintaining access to your funds.

The Street

Jim Cramer Says He Knows How to Solve America's Spiraling Banking Crisis

Jim Cramer believes a couple agencies are failing to do their jobs.

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WEKU

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

Fortune

Billionaire investing royalty is scared about more bank failures: ‘We are running out of time to fix this problem’

Bill Ackman, Nelson Peltz, and Jeffrey Gundlach all think the Fed is wrong about the banking system.

The Street

Will PacWest Be the Next U.S Bank to Collapse?

Four U.S. regional banks failed in March and April. Stocks of smaller banks continue to sell off, a sign that the banking crisis is not over despite regulators' efforts.

The Street

Troubled Bank PacWest Crashes

Four days after the failure of First Republic Bank, pressure is mounting on PacWest, which is trying to reassure investors as best it can.

Fortune

Bill Ackman: 'No regional bank can survive bad news'

The hedge fund manager has called for stronger government intervention, including full depositor protection, since turmoil began in early March.

The Street

Banking Crisis: PacWest May Sell Itself

Four days after the failure of First Republic Bank, pressure is mounting on PacWest, which is trying to reassure investors as best it can.

The Street

Is PacWest the Next U.S. Bank to Collapse?

Four U.S. regional banks failed in March and April. Stocks of smaller banks continue to sell off, a sign that the banking crisis is not over despite regulators' efforts.

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