The Latest Breaking News on Financial Services

Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns

The stock market might remain volatile as the recent high-profile bank failures, and the persistent rate hikes are raising the possibility of a recession. While investors looking to invest in ETFs could consider buying Vanguard S&P 500 ETF (VOO) in 2023, fundamentally weak ARK Innovation ETF (ARKK) could be best…

Just over a year before Silicon Valley Bank’s collapse threatened a generation of technology startups and their backers, the Federal Reserve Bank of San Francisco appointed a more senior team of examiners to assess the firm. They started calling out problem after problem.

Silicon Valley Bank’s former parent company filed for bankruptcy a week after a run on deposits prompted regulators to seize its banking unit.

High-profile bank failures have exacerbated fresh volatility in the stock market. The central bank stands at policy crossroads, weighing recent strong economic data against jittery capital markets. Amid an uncertain market backdrop, it could be wise to invest in fundamentally sound stocks Honda (HMC), Ryerson (RYI), and AutoNation (AN) for…

Banking system is reeling from a series of shocks but is in better shape than at time of 2008 crash

SVB Financial Group is filing for Chapter 11 bankruptcy protection

The banking crisis is costing most S&P 500 investors serious money. Even Warren Buffett is taking his lumps.

PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil.