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Fed Chair Powell on SVB Collapse: Regulators Were Surprised by Bank Run

March 23, 2023 - 12:31 pmMarch 23, 2023 - 11:12 am by Nick R. Hamilton

Federal Reserve Chairman Jerome Powell has commented on the collapse of Silicon Valley Bank (SVB) by revealing that regulators were caught off guard by the speed of the bank run.

Categories Economy Tags Banking Crisis, Business, Federal Reserve, Interest Rates, Jerome Powell, News, Silicon Valley Bank 4 Comments

Former FDIC Chair Speaks Out: Biden Admin Overreacted with SVB ‘Bailout’

March 22, 2023 - 1:22 pmMarch 22, 2023 - 11:12 am by Nick R. Hamilton

The former chair of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, has criticized the Biden administration’s “bailout” of Silicon Valley Bank (SVB).

Categories Economy Tags Banking Crisis, Biden, Business, News, Sheila Bair, Silicon Valley Bank 2 Comments

IRS Lists ‘Dirty Dozen’ Tax Scams in Fresh Warning

March 21, 2023 - 12:57 pmMarch 21, 2023 - 11:12 am by Nick R. Hamilton

The Internal Revenue Service (IRS) has released a list of the “Dirty Dozen” scams that taxpayers should be aware of.

Categories Economy Tags Business, Fraud, IRS, News, Tax, Taxpayers 1 Comment

East Palestine Real Estate Market in Limbo amid Toxic Train Crash Fallout

March 20, 2023 - 11:49 amMarch 20, 2023 - 11:12 am by Nick R. Hamilton

Real estate experts in the small Ohio town of East Palestine has revealed that the housing market has now ground to a halt as the fallout from the February toxic train crash continues.

Categories Economy Tags Business, East Palestine, News, Real Estate 1 Comment

Biden Urges Congress to Ban Executives of Collapsed Banks from Industry

March 19, 2023 - 11:48 amMarch 19, 2023 - 11:12 am by Nick R. Hamilton

President Joe Biden has called on Congress to toughen penalties against the executive of collapsed banks.

Categories Economy Tags Banking Crisis, Biden, Business, News 4 Comments

ChatGPT Inspires Matchmaking Service Focused on Traditional Values

March 18, 2023 - 1:14 pmMarch 18, 2023 - 9:12 am by Nick R. Hamilton

ChatGPT-3’s debut in late 2022 shook up tech–and online dating was no exception.

Categories Economy Tags Business, News Leave a comment

Banks Are Borrowing Billions to Maintain Liquidity amid Banking Crisis, Fed Data Shows

March 17, 2023 - 7:35 pm by Nick R. Hamilton

U.S. banks are borrowing billions of dollars to maintain liquidity following the recent collapse of Silicon Valley Bank (SVB), data published by the Federal Reserve shows.

Categories Economy, News Tags Banking Crisis, Banks, Business, Federal Reserve, First Republic Bank, News 4 Comments

Sen John Kennedy: Silicon Valley Bank Crisis Could Have Been Avoided

March 16, 2023 - 7:34 pm by Nick R. Hamilton

Sen. John Kennedy (R-LA) has argued that the Silicon Vally Bank (SVB) collapse, and the resulting banking crisis, could have been avoided.

Categories Economy, News Tags Banking Crisis, Biden, Business, John Kennedy, News, Silicon Valley Bank 1 Comment

Top Audit Firm Gave SVB, Signature Bank Clean Bill of Health Just Days before Collapse

March 15, 2023 - 7:28 pm by Nick R. Hamilton

One of America’s leading audit firms, KPMG, is defending giving both Silicon Valley Bank (SVB) and Signature Bank a clean bill of health just days before they collapsed last weekend.

Categories Economy, News Tags Banking Crisis, Banks, Business, KPMG, News, Paul Knopp 4 Comments

GOP 2024 Candidate Ramaswamy: Feds Should Let Silicon Valley Bank ‘Fully Fail’

March 14, 2023 - 4:21 pm by Nick R. Hamilton

Republican 2024 presidential candidate Vivek Ramaswamy has called for the federal government to step back and allow the collapsed Silicon Valley Bank (SVB) to “fully fail.”

Categories Economy Tags Banking Crisis, Business, News, Silicon Valley Bank, Vivek Ramaswamy 4 Comments
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