Deutsche Bank rebounds as fears ease over European banks
Shares of Deutsche Bank rebounded early on Monday morning — easing fears for the shaky European banking system following a slight drop in the cost of insuring the lender’s debt…
The ‘low rate’ junkies ignoring US banking crisis
This past week’s bounce-back of the stock market really is something to behold. Stock prices climbed Thursday and again Friday, right after the Fed raised interest rates, and not because…
Congress hearings aim to increase confidence in banks
WASHINGTON — A bipartisan group of lawmakers overseeing the recent turmoil in the banking sector said Wednesday that they aim to increase Americans’ confidence in the banking industry after Silicon…
US bank regulators criticized in the European Union after SVB collapse
Chair of the ECB Supervisory Board Andrea Enria and Chairperson of the European Banking Authority (EBA) Jose Manuel Campa in the European Parliament on March 21, 2023. Thierry Monasse |…
Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks
U.S. Treasury Secretary Janet Yellen testifies before a Senate Finance Committee hearing on Capitol Hill in Washington, March 16, 2023. Mary F. Calvert | Reuters WASHINGTON — Treasury Secretary Janet…
Yellen says blanket bank deposit insurance not discussed
U.S. Secretary of the Treasury testifies before the Senate Appropriations Subcommittee on Financial Services March 22, 2023 in Washington, DC. Win Mcnamee | Getty Images WASHINGTON — Federal bank regulators…
Crypto firms look to Swiss lenders after Silvergate, Signature Bank fail
Switzerland has created what they dub “Crypto Valley” in the region of Zug. Nurphoto | Nurphoto | Getty Images Crypto firms are scrambling to find institutions to bank with after…
New York Community Bank agrees to buy failed Signature Bank in $2.7B deal
New York Community Bank will buy a major portion of Signature Bank, a large lender for tristate businesses, in a $2.7 billion deal after the latter failed a week ago.…
UBS offers to buy Credit Suisse for up to $1 billion, the Financial Times reports
A customer walks towards an automated teller machine (ATM) inside a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022. Jose Cendon | Bloomberg |…
Biden calls on Congress to tighten laws to claw back executive pay, levy penalties in bank failures
President Joe Biden called on Congress to give regulators more authority to claw back pay and penalize executives at distressed banks “whose mismanagement contributed to their institutions failing.” “No one…