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Business
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Economy
5/1/2023 12:08:20 PM
The Federal Deposit Insurance Corp. says JPMorgan Chase Bank will take over all deposits and most of the assets of troubled First Republic Bank.
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Business
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Economy
4/25/2023 1:40:09 PM
In a sign fears about the global financial system have eased for now, major central banks are scaling back their offer of emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about wider troubles.
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Business
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Economy
3/30/2023 11:24:48 PM
US President Joe Biden called on banking regulators Thursday to reinstate tougher rules on midsized banks, saying that doing so would prevent future failures like that of Silicon Valley Bank.
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Business
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Markets & Companies
3/29/2023 12:04:39 PM
UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse.
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Business
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Economy
3/28/2023 9:04:58 PM
The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary to fix the problems.
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Business
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Markets & Companies
3/27/2023 3:31:21 PM
U.S. futures shot higher early Monday, with bank stocks mostly gaining after the Federal Deposit Insurance Corp. said it had agreed to the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co.
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Business
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Markets & Companies
3/27/2023 11:12:00 AM
European markets rebounded on Monday while Asian stocks were mixed at the start of what could be another rocky week for global markets thanks to lingering uncertainty about the banking sector.
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Business
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Economy
3/26/2023 6:00:56 PM
International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.
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Business
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Economy
3/22/2023 10:28:38 AM
American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets.
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Business
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Economy
3/21/2023 2:23:31 PM
The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen will tell a summit Tuesday, according to prepared remarks.
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World
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International
3/20/2023 12:48:58 PM
Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes.
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Business
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Markets & Companies
3/14/2023 12:57:06 PM
Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.
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Business
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Markets & Companies
3/13/2023 4:31:21 PM
President Joe Biden on Monday reassured Americans that their banking system is secure in the wake of the collapse of SVB and said he wants tougher regulations to prevent future crises.
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Business
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Markets & Companies
3/13/2023 2:15:40 PM
Bank stocks sagged in Europe and US stock futures fell Monday ahead of the market's open in New York, shaken by worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world.
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