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WASHINGTON — Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound in the aftermath of Silicon Valley Bank's collapse. But she warned that failure to raise the debt limit in time would be devastating for banks after the turmoil.

The Swiss giant went cap-in-hand to the country’s central bank to shore up its finances. Experts called it a vital intervention to stem fears about banking system

The warning signs were all there

Global financial markets are on edge after Credit Suisse shed nearly a quarter of its value on the stock market. How did it happen, is it related to Silicon Valley Bank's collapse, and could Australian banks be impacted?

The lenders including J.P.Morgan and Wells Fargo would deposit $30 billion into the beleaguered midsized lender as part of the rescue.

The new CEO of failed Silicon Valley Bank is a familiar name to many in Charlotte’s banking community — Tim Mayopoulos was fired as general counsel of Bank of America in 2008 in the midst of the financial crisis and escorted out of the office by an HR representative.

The sudden collapse of Silicon Valley Bank and renewed crisis at Credit Suisse are raising fears of another global financial crisis, but most experts agree that we shouldn't worry too much … yet.

Leisurely turnaround timetable from a crisis 10 years in the making can’t take many more setbacks

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender

Heightened market volatilities on the backs of a robust job report, sticky inflation, and failures in the banking system could persist for quite a while. Against this backdrop, quality ETFs iShares Core S&P 500 ETF (IVV) and Vanguard Dividend Appreciation ETF (VIG) might be wise portfolio additions in 2023. Read…

A handful of large, troubled U.S. regional banks may well accomplish what the mighty Federal Reserve couldn't on its own.