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The Latest Breaking News from FDIC

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

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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read the most diverse news in one place.

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

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

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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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.

Barchart

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.

Fortune

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..

WEKU

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.

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.

Fortune

Robert F. Kennedy Jr. joins crypto fray as top politicians square off on industry’s future

Ron DeSantis, Ted Cruz, and a host of other politicians have recently commented on the space.

Fortune

Former CEOs of failed banks to testify before Senate panel

The former top executives of two failed banks will testify before Congress this month

The Independent UK

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Fortune

Popular Direct Review 2023

Kiplinger

Banking Crisis: I Thought I’d Lost My House Down Payment, But Here’s Why it All Worked Out

When banks are in crisis, there are important things to remember to stay calm.

Zenger

Charlie Munger Warns That The Fall Of Property Values With Banks Full Of Bad Loans

Berkshire Hathaway distanced itself from Silicon Valley Bank and Signature Bank with history supporting instable banks.

Fortune

Citibank CEO ‘very pleased’ First Republic’s demise eliminates the last big threat from banking's recent turmoil

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

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news in one place.

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Fortune

How JPMorgan turned First Republic's nightmarish week into a dream scenario for shareholders

A Fortune report explains what propelled JPMorgan to land First Republic’s assets in an auction with several rival bidders.

Al Jazeera

US banking crisis: Is your money safe?

As another US bank collapses, here’s what you need to know about how to keep your money safe.

Chicago Sun-Times

First Republic Bank seized, sold in fire sale to JPMorgan

In the second-largest bank failure in U.S. history, officials seize First Republic Bank, selling its deposits and most of its assets. It’s the third midsize bank to fail in two months.

Zenger

First Republic Bank Fails As Former Treasury Secretary Larry Summers Warns The Consequences To Come

The failed bank was taken over by the FDIC and taken over by JPMorgan Chase A Month After Received A $30 billion deposit

Barchart

Stocks Settle Slightly Lower on Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.11%. Stock indexes Monday gave up early gains and settled...

Kiplinger

Stock Market Today: Stocks Struggle After JPMorgan Buys First Republic

It was a choppy day for stocks as investors considered another bank failure.

Fortune

JPMorgan clears the First Republic wreckage—and notches a $92 billion coup for investors who love the deal

Overnight, the nation's biggest bank added significant heft and stabilized the shaky outlook for regional banks.

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