Veteran bank executives are meeting with senior lawmakers and federal officials as the government comes within two weeks of a potential debt default.
Published: Saturday, June 3rd, 2023 @ 7:00 am
By: Daily Wire
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Former executives from Silicon Valley Bank and Signature Bank told members of the Senate on Tuesday that their institutions failed as a result of panic from depositors.
Published: Tuesday, May 30th, 2023 @ 9:15 am
By: Daily Wire
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Work and personal responsibility lead to prosperity, but the left increasingly favors programs that foster government dependency
Published: Monday, May 29th, 2023 @ 12:35 am
By: John Locke Foundation
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Multiple lawmakers sold their shares in First Republic Bank in the weeks before the firm collapsed and was sold to JPMorgan Chase by financial regulators.
Published: Sunday, May 21st, 2023 @ 11:42 am
By: Daily Wire
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Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Published: Friday, May 19th, 2023 @ 12:35 pm
By: Daily Wire
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JPMorgan Chase assumed control of First Republic Bank on Monday after the latter company collapsed due to turmoil in the financial sector.
Published: Wednesday, May 17th, 2023 @ 6:00 am
By: Daily Wire
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Economists at the Federal Reserve predicted that a mild recession would hit the United States in the second half of 2023.
Published: Sunday, May 14th, 2023 @ 8:38 pm
By: Daily Wire
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PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
Published: Monday, May 8th, 2023 @ 11:21 am
By: Daily Wire
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Western Alliance stock plummeted and partially recovered on Thursday as news outlets published reports that the regional bank would consider a sale, a claim the firm denied.
Published: Saturday, May 6th, 2023 @ 9:06 am
By: Daily Wire
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JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
Published: Friday, April 28th, 2023 @ 7:35 pm
By: Daily Wire
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President Joe Biden asserted on Friday that his administration has achieved significant “progress” with combating price levels, even as inflation rates remain between three times and four times higher than at the start of his term.
Published: Tuesday, April 18th, 2023 @ 10:54 am
By: Daily Wire
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Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
Published: Saturday, April 15th, 2023 @ 10:56 am
By: Daily Wire
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As multiple banks implode, insurance deposit limit receives renewed scrutiny
Published: Thursday, April 13th, 2023 @ 1:14 pm
By: Daily Wire
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First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
Published: Thursday, April 13th, 2023 @ 12:05 am
By: Daily Wire
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Elon Musk rebuked the White House for announcing newly protected natural resources and touting efforts to fight climate change as the nation contends with a banking crisis.
Published: Tuesday, April 11th, 2023 @ 12:28 am
By: Daily Wire
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Treasury Secretary Janet Yellen prompted unease among investors after she appeared to walk back comments indicating that financial authorities would guarantee large bank deposits.
Published: Monday, April 10th, 2023 @ 12:26 am
By: Daily Wire
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Few Americans have trust in the nation’s banking sector following the recent collapses of Silicon Valley Bank and Signature Bank.
Published: Saturday, April 8th, 2023 @ 10:57 am
By: Daily Wire
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Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
Published: Wednesday, April 5th, 2023 @ 4:44 am
By: Daily Wire
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Republican state attorneys general rebuked senior financial authorities on Tuesday over the role that left-wing regulatory priorities allegedly played in the recent collapse of Silicon Valley Bank.
Published: Tuesday, April 4th, 2023 @ 12:05 am
By: Daily Wire
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Treasury Secretary Janet Yellen commented on Tuesday that deposit withdrawals from regional banks have stabilized and affirmed that authorities will protect smaller financial institutions.
Published: Monday, April 3rd, 2023 @ 12:41 am
By: Daily Wire
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The Federal Deposit Insurance Corporation (FDIC) announced on Monday that the bidding process for remaining assets at the defunct Silicon Valley Bank would be extended due to “substantial interest” from possible acquirers.
Published: Sunday, April 2nd, 2023 @ 12:16 am
By: Daily Wire
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Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
Published: Sunday, April 2nd, 2023 @ 12:04 am
By: Daily Wire
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First Republic Bank’s top executives reportedly offloaded stock in the bank worth millions of dollars in the months before the bank nearly crashed.
Published: Thursday, March 30th, 2023 @ 9:44 am
By: Daily Wire
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Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
Published: Thursday, March 30th, 2023 @ 12:19 am
By: Daily Wire
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SVB Financial Group, the parent company of Silicon Valley Bank, announced Friday in a press release that it had filed for Chapter 11 bankruptcy protection.
Published: Wednesday, March 29th, 2023 @ 11:47 pm
By: Daily Wire
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Treasury Secretary Janet Yellen admitted in a Senate Finance Committee hearing Thursday that the Federal Deposit Insurance Corporation and the Federal Reserve might not guarantee large deposits at small community banks like they did for a failed California bank.
Published: Wednesday, March 29th, 2023 @ 11:32 pm
By: Daily Wire
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PayPal co-founder and prominent conservative entrepreneur Peter Thiel retained an account balance of $50 million with Silicon Valley Bank even as the company imploded last week.
Published: Wednesday, March 29th, 2023 @ 5:18 am
By: Daily Wire
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Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters (D-CA) asserted that the Federal Deposit Insurance Corporation should “reexamine” the $250,000 deposit insurance threshold on bank accounts.
Published: Tuesday, March 28th, 2023 @ 6:01 am
By: Daily Wire
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Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the American financial system “remains sound” despite two recent bank failures.
Published: Tuesday, March 28th, 2023 @ 1:43 am
By: Daily Wire
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Executives at investment bank Credit Suisse accepted a lifeline from Swiss authorities on Wednesday as concerns of a worldwide financial crisis loom.
Published: Monday, March 27th, 2023 @ 7:53 am
By: Daily Wire
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SVB Financial Group, the parent company of now-defunct Silicon Valley Bank, is considering bankruptcy as a possible mechanism to sell its other assets, according to a Wednesday report from Reuters.
Published: Friday, March 24th, 2023 @ 4:04 am
By: Daily Wire
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President Joe Biden expressed a strong degree of economic confidence even as the Consumer Price Index rose 6.0% between February 2022 and February 2023 and price pressures from household staples continued to worsen.
Published: Thursday, March 23rd, 2023 @ 6:21 pm
By: Daily Wire
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Individuals and political action committees associated with defunct financial institution Silicon Valley Bank have donated extensively to leading politicians.
Published: Thursday, March 23rd, 2023 @ 2:39 pm
By: Daily Wire
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