Banking crisis

First Citizens BancShares Inc (OTC: FIZN) is in advanced talks to acquire Silicon Valley Bank (SVB), a person familiar with the matter informed Reuters on Sunday. The bank could potentially reach a deal to acquire SVB from the Federal Deposit Insurance Corporation (FDIC) as soon as Sunday,...

Federal Reserve Bank of Minneapolis President Neel Kashkari reportedly said the banking system is resilient with a strong capital position, a lot of liquidity, and the full support of regulators but indicated it’s unclear how much of an impact the stresses are going to have on the economy....

International Monetary Fund chief Kristalina Georgieva reportedly said risks to financial stability have risen and asserted the need for continued vigilance. The IMF Managing Director pointed out that policymakers in advanced economies responded decisively to financial stability risks amidst bank...

Citizens Financial Group Inc (NYSE:CFG) is reportedly constructing a bid to purchase the private banking business of Silicon Valley Bank, which collapsed earlier this month. Citizens, one of the largest U.S. regional banks, is working to submit an offer in the auction of the business, which is...

Ark Investment Management CEO Cathie Wood on Wednesday argued why investors are considering crypto assets in response to the economic crisis. What Happened: In a Twitter thread, she noted how, as crypto assets soared during the Silicon Valley Bank meltdown, the administration suggested that...

Citigroup Inc (NYSE:C) CEO Jane Fraser expressed confidence in the U.S. banking system despite a series of bank failures that shook investors and sparked turmoil across global financial markets. The banking sector is “pretty sound,” despite high-profile bank closures, Fraser told the...

Short seller Hindenburg Research late on Wednesday hinted at yet another big report about possible corporate fraud. What Happened: Hindenburg, on its Twitter handle, posted: "New report soon—another big one," driving up the curiosity factor for thousands of online users....

As the Federal Reserve is scheduled to announce its monetary policy amid the lingering banking crisis, analysts say gold prices have more potential to rise and possibly break all-time highs. Tina Teng from financial services company CMC Markets told CNBC she expects the yellow metal to trade...

Cardano (CRYPTO: ADA) founder Charles Hoskinson debunked the idea that cryptocurrency was to blame for the banking crisis, going so far as to say that digital assets have become an "escape valve" for those affected. What Happened: In a live stream on Tuesday, Hoskinson, who is also the co...

The Federal Council, the executive body of the Swiss federal government, said in a statement it has acknowledged that the Federal Department of Finance (FDF) is temporarily suspending certain forms of variable remuneration for Credit Suisse Group AG (NYSE:CS) employees. The Federal Council said the...

Wall Street leaders and U.S. authorities conducting talks on intervention at First Republic Bank (NYSE:FRC) are reportedly considering the possibility of government backing to encourage a deal. The group has floated a number of measures to make the lender more attractive to potential investors,...

As global banks face turmoil, Bitcoin (CRYPTO: BTC) has been experiencing an astonishing rally and its proponents are already looking ahead to the coin's next significant milestone of $30,000.  Since March 8, when problems first surfaced around SVB Financial Group's (NASDAQ:...

U.S. authorities are reportedly analyzing means to temporarily expand Federal Deposit Insurance Corp‘s coverage to all deposits, something that a coalition of banks has been calling for, arguing that it's needed to stop a potential financial crisis. Treasury Department staff are studying...

Former Goldman Sachs Group Inc (NYSE:GS) CEO Lloyd Blankfein reportedly said that turmoil in the banking sector will likely impact economic growth as lenders become more conservative. “The greater risk environment for financials leads to husbanding of capital and risk-taking, less and more...

Allianz chief economic adviser and noted economist Mohamed El-Erian reportedly said Credit Suisse Group AG's (NYSE:CS) deal with UBS Group AG (NYSE:UBS) was not the best solution but still dominated the two other options available. "It shows you the complexity of what they had to do. Look this was...