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The Latest Breaking News from Signature Bank

Elizabeth Warren says U.S. taxpayers will have to foot the bill if JPMorgan ‘stumbles’ after First Republic buyout

The Democratic senator raised concerns about the deal reigniting the “too big to fail” problem.

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

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.

Zenger

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read the most diverse news in one place.

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.

Fortune

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.

Chicago Sun-Times

Why First Republic failed. Are other banks to follow?

First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks

The Independent UK

Five Places to Put Cash Rather Than in the Bank

FDIC sweep programs, money market funds, Treasuries and more could be alternative places to stash cash instead of keeping it in the bank.

Kiplinger

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JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover

JPMorgan Chase is taking over First Republic after the troubled bank was placed in the FDIC's receivership in the latest failure in the banking system.

WEKU

First Republic in limbo as US regulators juggle bank's fate

Regulators are searching for a solution to First Republic Bank’s woes, hoping to find a way forward before U.S. stock markets open Monday

The Independent UK

First Republic Bank’s fate is up in air as regulators seek a solution to its woes

First Republic is seen as the next bank likely to fail after Silicon Valley Bank, Signature Bank because of its amount of uninsured deposits and exposure to low interest rates.

Chicago Sun-Times

First Republic up in air as regulators juggle bank's fate

Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday

The Independent UK

Federal Reserve will consider tougher rules for banks after Silicon Valley Bank failure

The proposals come in an internal review that found looser rules were a key culprit behind Silicon Valley Bank's collapse.

Axios

Is my money safe? What you need to know about bank failures

Recent bank failures may have you worried about your money

The Independent UK

What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report

The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.

WEKU

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news in one place.

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WEKU

First Republic Bank shares plummet, reigniting fears about U.S. banking sector

Trading of First Republic Bank shares were halted multiple times today, as investors sold off shares, alarmed by financial disclosures from the bank.

Al Jazeera

First Republic shares hit record low after depositors pull $100bn

First Republic’s stock closes down nearly 50 percent amid questions about San Francisco lender’s future.

Fortune

Frank founder Charlie Javice put her money in Signature Bank after JPMorgan Chase fraud allegations

Javice rushed to pull her funds out of Signature Bank after it was taken over by the FDIC in March.

The Independent UK

First Republic clients pulled $100B in deposits during panic

Depositors at First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis

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Kiplinger

Are Your Bank Deposits Safe? What to Know

Recent bank failures have unnerved savers, but your money is protected up to certain limits. Here’s what you need to know.

Kiplinger

Why Investors Should Avoid Buying the Banking Sector Dip

Even though things appear to have settled after SVB's collapse, that doesn’t mean all is clear. Consider options like healthcare and consumer staples instead.

Los Angeles Times

Michael Hiltzik: Love it or hate it, the Silicon Valley Bank bailout won't cost taxpayers a cent

What's the dirtiest word in financial policy?

Fortune

Billionaire investor Howard Marks outlines 4 key differences between the 2023 banking crisis and 2008

Oaktree Capital Management’s Howard Marks says “the similarities between 2008 and 2023 are limited” and he isn’t worried about systemic risk.

The Conversation

5 policies that could make future bank failures less likely or severe

The abrupt failures of Silicon Valley Bank and Signature Bank and subsequent concerns about the stability of other banks have reignited a fierce debate among lawmakers, the financial industry, the Biden administration and former government officials about an array of banking reforms and regulatory changes.

Tribune News Service

A credit crunch could be coming. Here's what that could mean for getting a loan

A credit crunch might be on its way.

The Independent UK

Profits at big US banks show few signs of industry distress

The nation’s largest banks appear to be weathering the current turmoil in their industry just fine

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