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Finance

Yellen says bank situation stabilizing, different from 2008

By FATIMA HUSSEIN Associated Press
Mar 21, 2023 1:00 am - WASHINGTON - Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrang...
Army of lobbyists helped water down banking regulations

By BRIAN SLODYSKO and KEN SWEET Associated Press
Mar 21, 2023 1:00 am - WASHINGTON - It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations - ...
Thanks to a slowing economy, SBA loans have been growing in popularity

By Gene Marks Special to the Daily Herald
Mar 19, 2023 1:00 am - As interest rates continue to increase and fears of a recession loom, it is becoming harder for some small businesses to get financing. However, one very good option re...
UBS and Credit Suisse to combine in $3.2 billion deal to rein in global banking turmoil

By JAMEY KEATEN and KEN SWEET Associated Press
Mar 19, 2023 1:00 am - GENEVA - Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss Presi...
New York Community Bank to buy failed Signature Bank of N.Y.

Associated Press
Mar 19, 2023 1:00 am - NEW YORK - New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in that state in a $2.7 billion deal, the Federal Deposit Insurance...
Credit Suisse shares soar after central bank offers lifeline

By JAMEY KEATEN and DANICA KIRKA Associated Press
Mar 16, 2023 1:00 am - GENEVA - Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the cou...
FACT CHECK: Were 'woke' policies to blame for bank's demise?

By PHILIP MARCELO Associated Press
Mar 16, 2023 1:00 am - As Wall Street reels from the swift demise of Silicon Valley Bank - the biggest American bank failure since the 2008 financial meltdown - some social media users are hon...
Experts, banks look for ideas to stop next bank failure

By PAUL WISEMAN and KEN SWEET AP Business Writers
Mar 16, 2023 1:00 am - WASHINGTON (AP) - The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The v...
How the last banking tumult fuels today's populist politics

By WILL WEISSERT Associated Press
Mar 15, 2023 1:00 am - WASHINGTON - Mike Pence and Bernie Sanders are hardly political allies. But in the aftermath of two large bank failures, the conservative former vice president and the d...
Silicon Valley Bank's demise disrupts the disrupters in tech

By MICHAEL LIEDTKE AP Technology Writer
Mar 14, 2023 1:00 am - Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shellshocked entrepreneurs thankful for the government reprieve...

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