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Shares in Credit Suisse plummeted on Wednesday morning amid lackluster firm performance and spreading fears of a worldwide financial crisis.
Shares in Credit Suisse plummeted on Wednesday morning amid lackluster firm performance and spreading fears of a worldwide financial crisis.
 
California Democratic Gov. Gavin Newsom cheered the federal government’s decision to protect Silicon Valley Bank’s depositors without mentioning that he is one of them.
California Democratic Gov. Gavin Newsom cheered the federal government’s decision to protect Silicon Valley Bank’s depositors without mentioning that he is one of them.
 
The Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are reportedly investigating the collapse of Silicon Valley Bank (SVB) after it suffered a fatal run on deposits last week.
The Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are reportedly investigating the collapse of Silicon Valley Bank (SVB) after it suffered a fatal run on deposits last week.
 
"Who would have trusted their money to these guys after watching this video?"
 
When the next bank loaded with depositors exceeding $250,000 fails, will the federal government jump in to save the day as it is doing now with Silicon Valley Bank?
When the next bank loaded with depositors exceeding $250,000 fails, will the federal government jump in to save the day as it is doing now with Silicon Valley Bank?
 
Failed Silicon Valley Bank (SVB) has been hit with accusations that it was hyper-focused on so-called diversity, equity, and inclusion (DEI) initiatives and generally managed poorly.
Failed Silicon Valley Bank (SVB) has been hit with accusations that it was hyper-focused on so-called diversity, equity, and inclusion (DEI) initiatives and generally managed poorly.
 
President Joe Biden patted himself on the back Monday morning as multiple banks have collapsed in recent days, claiming that the “quick action” of his administration has stabilized the banking industry.
President Joe Biden patted himself on the back Monday morning as multiple banks have collapsed in recent days, claiming that the “quick action” of his administration has stabilized the banking industry.
 
Treasury Secretary Janet Yellen said Sunday that there would be no bailout for the collapsed Silicon Valley Bank.
Treasury Secretary Janet Yellen said Sunday that there would be no bailout for the collapsed Silicon Valley Bank.
 
Federal regulators announced over the weekend that they will fully back all depositors of Silicon Valley Bank, guaranteeing that they are paid back in full after the bank collapsed last week.
Federal regulators announced over the weekend that they will fully back all depositors of Silicon Valley Bank, guaranteeing that they are paid back in full after the bank collapsed last week.
 
Former President Trump might be glad Signature Bank refused his business following the Capitol riot, now that the New York-based lender is the latest institution to be shut down by regulators.
Former President Trump might be glad Signature Bank refused his business following the Capitol riot, now that the New York-based lender is the latest institution to be shut down by regulators.
 
Silicon Valley Bank collapsed after customers sought to withdraw funds due to the company’s lackluster balance sheet and overall difficulties in the startup sector.
Silicon Valley Bank collapsed after customers sought to withdraw funds due to the company’s lackluster balance sheet and overall difficulties in the startup sector.
 
Regulators advised banks and other financial institutions to avoid cryptocurrencies, a warning that comes after the implosion of digital asset company FTX and deliberations over a possible central bank digital currency in the United States.
Regulators advised banks and other financial institutions to avoid cryptocurrencies, a warning that comes after the implosion of digital asset company FTX and deliberations over a possible central bank digital currency in the United States.
 
Sen. Elizabeth Warren (D-MA) and Sen. Tina Smith (D-NM) asked the Federal Reserve to examine the banking system’s exposure to cryptocurrencies amid continued fallout from defunct company FTX.
Sen. Elizabeth Warren (D-MA) and Sen. Tina Smith (D-NM) asked the Federal Reserve to examine the banking system’s exposure to cryptocurrencies amid continued fallout from defunct company FTX.
 
Conservative commentator Larry Elder joined country music legend John Rich and retired neurosurgeon Dr. Ben Carson in purchasing a bank meant to safeguard customers from the modern financial system’s tendency to censor and cancel dissidents.
Conservative commentator Larry Elder joined country music legend John Rich and retired neurosurgeon Dr. Ben Carson in purchasing a bank meant to safeguard customers from the modern financial system’s tendency to censor and cancel dissidents.
 
Governor Pat McCrory has appointed Linda Morrison Combs, former Controller of the United States, to become North Carolina State Controller. Combs' appointment requires confirmation by the General Assembly.
Governor Pat McCrory has appointed Linda Morrison Combs, former Controller of the United States, to become North Carolina State Controller. Combs' appointment requires confirmation by the General Assembly.
 
Rep. Walter B. Jones, Jr has been disciplined by the House leadership by kicking him off the House Financial Services Committee. Financial Services is considered one of the most important committees in Congress and is a highly sought after slot.
Rep. Walter B. Jones, Jr has been disciplined by the House leadership by kicking him off the House Financial Services Committee. Financial Services is considered one of the most important committees in Congress and is a highly sought after slot.
 
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