One of America’s Largest Banks Is on Verge of Collapsing
First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing.
Silicon Valley Bank
America’s Biggest Banks Experience Major Surge in Withdrawals
America’s largest banks experienced a major surge in withdrawals last week as the banking crisis appears to be deepening.
Fed Chair Powell on SVB Collapse: Regulators Were Surprised by Bank Run
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.
Former FDIC Chair Speaks Out: Biden Admin Overreacted with SVB ‘Bailout’
The former chair of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, has criticized the Biden administration’s “bailout” of Silicon Valley Bank (SVB).
‘Disinformation Experts’ Blame ‘Conspiracy Theories’ and ‘Far-Right Websites’ for Silicon Valley Bank Collapse
So-called “disinformation experts” are claiming that “conspiracy theories” being spread by “far-right websites” and “doomsday preppers” are to blame for Silicon Valley Bank’s (SVB) recent collapse.
Sen John Kennedy: Silicon Valley Bank Crisis Could Have Been Avoided
Sen. John Kennedy (R-LA) has argued that the Silicon Vally Bank (SVB) collapse, and the resulting banking crisis, could have been avoided.
Ted Cruz Slams Biden for Bailing Out ‘Corrupt’ Silicon Valley Bank: ‘Like Bonny & Clyde’
Republican Sen. Ted Cruz (R-TX) has blasted Joe Biden over the Democrat president’s efforts to bail out the recently collapsed Silicon Valley Bank (SVB).
Biden and Schumer Took Cash from Silicon Valley Bank Affiliates before Collapse
Democrat President Joe Biden and Senate Majority Leader Chuck Schumer (D-NY) were among several high-profile politicians who took cash from Silicon Valley Bank (SVB) affiliates before the financial institution dramatically collapsed last week.
Banking Crisis: Credit Suisse Shares Plunge to Record Low, Trading Halts
Shares in Swiss banking giant Credit Suisse have plunged to a record low amid fears the bank will be the next financial institution to collapse.
Elon Musk Issues Warning: ‘Lot of Current Year Similarities to 1929’
Twitter boss Elon Musk has issued a grim warning about the state of the economy.