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The Latest Breaking News from Wells Fargo

How a poker game launched Silicon Valley Bank’s four-decade ride of the tech wave — and a bad gamble 42 years later ended it all

In the early Eighties, when “High Tech” was still written with quotation marks and the region was starting to become known as The Silicon Valley, tennis buddies Bob Medearis and Bill Biggerstaff took their idea for a new bank to a poker game in Pajaro Dunes.

Tribune News Service

The long, strange history between Credit Suisse and UBS

The long, strange history between Credit Suisse and UBS

The two banks have a long history of not getting along.

Climate activists target nation's big banks, urging divestment from fossil fuels

Climate activists target nation's big banks, urging divestment from fossil fuels

Across the U.S. on Tuesday, people gathered outside major banks demanding that financial institutions shift away from investing in fossil fuel projects.

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Older Americans protest against ‘dirty banks’ funding oil and gas projects

Protesters cut up credit cards and march to Washington branches of JPMorgan Chase, Citibank, Bank of America and Wells Fargo

The Guardian - US

Banks Promote Climate Pledges But Keep Increasing Their Financing of Fossil Fuel Production

National day of protest will target JPMorgan Chase, Citigroup, Bank of America and Wells Fargo as new U.N. report warns of catastrophic climate impacts.

Bank Crisis: UBS Buys Credit Suisse; U.S. Bank Upgraded, PacWest, N.Y. Community Bank Rally

Swiss bank UBS agreed to buy Credit Suisse Sunday in a government-backed deal; First Republic downgraded, plans stock sale.

Investors Business Daily

Big Banks Best Positioned to Weather Crisis: Morningstar

The banking crisis has hit bank stocks hard, with the KBW Nasdaq Bank stock Index dropping 28% since March 3.

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More American women are single than ever before. It's costing them big money

More American women are single than ever before. It's costing them big money

A record-breaking number of American women are single these days.

Veteran Bank Analyst Bove: 'Crisis is Over'

Veteran Bank Analyst Bove: 'Crisis is Over'

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo step up to rescue First Republic Bank.

First Republic becomes the latest bank to be rescued, this time by its rivals

First Republic becomes the latest bank to be rescued, this time by its rivals

The lenders including J.P.Morgan and Wells Fargo would deposit $30 billion into the beleaguered midsized lender as part of the rescue.

Former Wells Fargo Executive Headed to Prison

Former Wells Fargo Executive Headed to Prison

Wells Fargo’s former head of retail banking plead guilty to a criminal charge of obstructing a bank examination.

Biggest US banks weigh rescuing First Republic as its shares tumble – report

Biggest US banks weigh rescuing First Republic as its shares tumble – report

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender

The Guardian - US

US banks are sacrificing poor communities to the climate crisis

US banks are sacrificing poor communities to the climate crisis

It took decades to force banks to abandon racist redlining. We don’t have decades to avert catastrophic climate crisis

The Guardian - US

Ex-Wells Fargo exec to plead guilty for role in bank scandal

Ex-Wells Fargo exec to plead guilty for role in bank scandal

A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal

The Independent UK

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Investors Business Daily

Dow Jones Futures Fall: Credit Suisse Taps Swiss National Bank; First Republic Dives On Sales Report

Credit Suisse borrowed up to $54 billion from the Swiss National Bank after the Nasdaq eked out a gain Wednesday.

Investors Business Daily

Investors Scramble To Put Their Money In These 8 Financial Stocks

There's nothing like a good old-fashioned bank run to get investors to think about safety again. And investors are tipping their hands.

What to know about the Silicon Valley Bank collapse, takeover and fallout

President Biden urged calm as markets roiled over the collapse of Silicon Valley Bank. After the FDIC takeover, customers of the bank have full access to their deposits.

XPO Logistics CFO Carl Anderson on the shipping giant’s road ahead

XPO is newly lean, after many years of an acquisition streak.

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Regulators shut down SBV after bank run

How can a bank run happen in 2023? Why didn’t anyone step in to save SVB? And who is at risk now?

A Silicon Valley lender collapsed after a run on the bank. Here's what to know

Silicon Valley Bank was taken over by federal regulators on Friday, capping a spectacular collapse after the lender suffered a run on deposits.

Wells Fargo Just Made Another Huge Mistake

The controversial bank is trending yet again.

Investors Business Daily

Dow Jones Futures Fall With Jobs Report Due After S&P 500 Sell-Off; SVB Financial Still Crashing

The S&P 500 plunged below its 200-day line as SVB Financial triggered a sell-off in bank stocks. The February jobs report looms.

The Philadelphia Inquirer

Bank branches are still hiring tellers and bankers, but the jobs look different now

Kim M. Sample started her banking career as a teller more than 34 years ago — before direct deposit and online banking, when Philadelphians were learning to "tap MAC" (a.k.a. to go the ATM).

Top crypto bank collapses as Silvergate announces plans to wind down operations

The volatile sector's banking options are dwindling.

Crypto’s favorite bank is on the brink. What happens if Silvergate fails?

Silvergate's collapse is a cautionary tale to the industry—and to regulators.

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