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The Latest Breaking News on Inside a bankruptcy committee’s ongoing investigation into the failure of Silicon Valley Bank

Twin threats of rising rates and deglobalisation leave IMF spooked

Fund is more cautious about world economic outlook after turmoil at Silicon Valley Bank and Credit Suisse

The Guardian - UK

JPMorgan Chase CEO Jamie Dimon says we are ‘near the end’ of the banking crisis

“I think we’re getting near the end of this particular crisis,” Dimon told CNN Thursday—but he still worries about the potential for a U.S. recession.

Fortune

Americans are over the endless anxiety loop. Only the rich, remote workers, and Gen Zers really care about the banking crisis, according to The Harris Poll

At least nine in 10 Americans feel their money is safe at their bank or credit union, regardless of its size, according to the Harris Poll.

Fortune

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4 Stocks That Investors Should Buy During an Economic Downturn

Fears of a financial system collapse due to bank failures last month is rising. Investors have been dumping shares of banks despite assurances by the financial regulators. However, this presents an opportunity for contrarian traders to buy M&T Bank (MTB), Webster Financial (WBS), New York Community Bancorp (NYCB), and Pinnacle…

StockNews.com

'I'm running the business as if I will never fundraise again,' says Crunchbase CEO

Companies raised 53% less in the first quarter than they did in 2022.

Fortune

Jamie Dimon says the banking crisis was ‘hiding in plain sight’ and will now be felt 'for years to come’

The JPMorgan Chase CEO also outlined his thoughts on a potential recession in his annual shareholder letter this week, and discussed consumers’ fading savings.

Fortune

Jamie Dimon urges policymakers to avoid 'knee-jerk, whack-a-mole' regulations in aftermath of SVB collapse

The J.P. Morgan CEO warned any new ill-advised oversight rules could actually backfire, with unsupervised tech companies like Apple winning out.

Fortune

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JPMorgan Chase boss: banking crisis is ‘not yet over’

The CEO of America’s biggest bank said the US Federal Reserve should take some of the blame for the sector’s recent troubles

Evening Standard

Jamie Dimon Says Bank Crisis 'Is Not Yet Over,' JPMorgan Plans For The Future

The crisis will have "repercussions" for years to come, Dimon said, detailing additional regulations and efforts for banks to succeed.

Investors Business Daily

The banking crisis has a silver lining. Businesses might actually start protecting their cash

Humans are naturally quite bad at projecting risk. We rarely think about what might happen if there is a sudden ban run and our deposits are in peril.

Fortune

Mercury Takes Aim At Replacing Silicon Valley Bank As Tech Hubs Go-To Bank And Lender

Silicon Valley Bank’s collapse has paved the way for other banking institutions to step up and meet demand for venture debt

Zenger

From stability to consolidation to the big crunch, here are the 3 questions every small business owner is asking about the banking system

The bank crisis could spark a credit crunch that will rock the economy. It'll be a major test for small businesses.

Fortune

A top strategist says ‘massive unrealized losses’ are a ‘Pandora’s box’ for banks and it’s going to impact lending

Bank volatility has finally started to calm down, but the sector has underlying issues that will be harder to fix.

Fortune

Community bank CEO: ‘Congress must raise the bank deposit insurance limit to $10 million’

Exception-based coverage signals to depositors that they might get some extra protection at a systemically important bank–and compounds risk.

Fortune

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Evening Standard

Silicon slump? How worried should we be about another financial crisis?

The collapse of Silicon Valley Bank has raised the spectre of another financial crisis. As the contagion appears to be spreading, Samuel Fishwick investigates how spooked we should be feeling

Axios

In the wake of SVB collapse, the White House is calling for new rules for regional banks

The administration wants to reverse some Trump-era policies

Fortune

Janet Yellen says the Trump administration 'decimated' the Treasury's financial stability department and she's focused on repairing the 'cracks'

Yellen claimed many teams responsible for banking regulation were either drastically cut or completely eliminated before her tenure, and she’s had to “rebuild the financial stability infrastructure.”

The Independent UK

Yellen seeking more regulation in aftermath of bank collapse

Weeks after the failure of two banks, Treasury Secretary Janet Yellen is planning to call Thursday for tighter financial regulations

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Fortune

One of the world's richest men knows why Silicon Valley Bank really failed: 'People on iPhones'

Stephen Schwartzman, worth $42 billion and at the head of a firm managing almost $1 trillion, says social media is what doomed the bank.

Roll Call

White House urges regulators to toughen rules after bank failures - Roll Call

The White House urged financial regulators to toughen rules on banks after several failures. A top House Republican criticized the move.

Zenger

Biden Eyes New Regulations As Congress Dives Into Silicon Valley, Signature Bank Failures

President Joe Biden is expected to tighten regulations on banks, prompted by the biggest banking collapse since the 2008 crisis

Fortune

Two former Fed officials warn regulators' supervision of banks is like a 'SciFi' movie: 'It is mostly special effects'

"The model-based financial supervision of today" is broken, and regulators need to go back to being more hands on, James Thomson and Walker Todd say.

Fortune

The banking crisis was ‘not a systemic event,’ it only affected ‘dumb and greedy institutions,’ according to famed short seller Jim Chanos

Chanos pinned the blame for SVB's collapse on the bank's leadership, while arguing the bank's issues aren't widespread. But that doesn't mean stocks are safe, he warned.

The Independent UK

GOP lawmakers accuse Fed of being lax before bank failure

Republican lawmakers accused top bank regulators of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference

The Independent UK

£2bn poured into NS&I as savers seek security on deposits

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