Category: Business

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Regional Banks Like First Republic and Western Alliance Slammed by Fear of Broader Crisis

Across the country, banks of various sizes are battling market turmoil as customers rushed to withdraw their deposits and investors, worried about more bank runs, dumped bank stocks.  » mehr lesen

Signature and Silicon Valley Bank Collapses Followed Softened Regulation

Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.  » mehr lesen

Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.

The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.  » mehr lesen

Barney Frank, a co-author of key banking legislation, was on the board of one of the failed banks.

Barney Frank during a hearing of the House Financial Services Committee on Capitol Hill in 2009. The former congressman had been a board member for Signature Bank since 2015.  » mehr lesen

Stocks Wobble as Smaller Banks Plunge on Fears of Contagion

The volatile conditions led to trading in a dozen banks being halted after triggering so-called circuit breakers, established in part to prevent runaway crashes.  » mehr lesen

Roku, Roblox and Other Companies Affected By the SVB Collapse

The failed bank had said it provided services to nearly half of all venture-backed technology and life-science companies in the United States.  » mehr lesen

SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision

The Fed has been rapidly raising interest rates to fight inflation. But making big moves could be trickier amid instability.  » mehr lesen

A24 Achieves Art-House Supremacy With Triumphant Oscar Night

The independent studio behind “Everything Everywhere All at Once” and “The Whale” became the first to sweep the acting awards and win best director and best picture in the same year.  » mehr...

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