Citigroup to cut 20,000 jobs by 2026 following latest financial losses
Low unemployment streak extends another month Low unemployment streak extends another month 02:47 Ci...
Elizabeth Napolitano
13/01/2024
Silicon Valley Bank
Senate weighs bill to strip failed bank executives of pay
A bill that would take back pay from executives whose banks fail appears likely to advance in the Se...
Elizabeth Napolitano
22/06/2023
Bank woes mount as investors bail from regional lenders
The future of PacWest Bancorp hangs in the balance as investors pull back from regional lenders foll...
Alain Sherter
05/05/2023
Federal Reserve report blames Silicon Valley Bank execs — and itself — for bank's collapse
The sudden collapse of Silicon Valley Bank last month was due to a combination of extremely poor ban...
Manager
29/04/2023
JPMorgan Chase CEO Jamie Dimon says the banking crisis is "not yet over"
JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders on Tuesday that the deposit...
Elizabeth Napolitano
05/04/2023
Bipartisan group of senators introduces bill to claw back compensation from executives following bank failures
A bipartisan group of senators has introduced a bill to give regulators the authority to claw back e...
Sarah Ewall
29/03/2023
Fed calls SVB's failure a "textbook case of bank mismanagement"
Michael Barr, vice chair for supervision at Federal Reserve, speaks during Senate Banking, Housing, ...
Sarah Ewall
29/03/2023
Silicon Valley Bank leaders "failed badly," Fed Chair Jerome Powell says
Federal Reserve head Jerome Powell excoriated the leadership of Silicon Valley Bank on Wednesday, pa...
Irina Ivanova
23/03/2023
Years after the housing crash, the specter of "too big to fail" still haunts the banking industry
During the 2008 financial crisis, so-called too-big-to-fail banks were deemed too large and too inte...
Aimee Picchi
22/03/2023
Banks are running scared. Is the Federal Reserve about to make things worse?
The lightning collapse of three banks and the financial industry rescue of two others are shining a ...
Irina Ivanova
21/03/2023
Yellen: We have plan in place in case more banks fail
Treasury Secretary Janet Yellen worked to reassure bankers that the government is commitment to help...
Richard Escobedo
21/03/2023
SVB and First Republic's problems aren't going away. Here's why.
Silicon Valley Bank's abrupt takeover by regulators on March 10 was followed by federal reassurances...
Aimee Picchi
21/03/2023
Failed Signature Bank will be taken over by New York Community Bancorp
Signature Bank, which collapsed last week in the wake of Silicon Valley Bank's failure, will be take...
C Mandler
20/03/2023
Warren says proposal to lift FDIC insurance cap has "got to be on the table right now"
Washington — Massachusetts Sen. Elizabeth Warren said Sunday that a proposal from Congress to lift t...
Melissa Quinn
19/03/2023
SVB Financial, former parent of Silicon Valley Bank, files for bankruptcy
SVB Financial, the former parent of Silicon Valley Bank, said it filed for bankruptcy, a week after ...
Aimee Picchi
18/03/2023
Who ends up paying for SVB, Signature and other bank failures?
The federal government's response to the failure of Silicon Valley and Signature banks has already i...
Manager
17/03/2023
Treasury Secretary Janet Yellen tells Senate panel nation's "banking system is sound" after Silicon Valley Bank collapse
Washington — Treasury Secretary Janet Yellen on Thursday sought to quell concerns from Congress that...
Sarah Ewall
17/03/2023
Credit Suisse shares tumble, fueling more concerns about banking
Credit Suisse shares tumbled to an all-time low on Wednesday, stoking fresh jitters over the health ...
Elizabeth Napolitano
16/03/2023
How Washington came to rescue U.S. banks
After the sudden collapse of Silicon Valley Bank, California Democratic Rep. Maxine Waters started f...
Manager
15/03/2023
Silicon Valley Bank's collapse sows fear over banking system. Here's what to know.
The startling collapse of Silicon Valley Bank and Signature Bank continued to ripple across the Amer...
Alain Sherter
15/03/2023