Articles filed under Finance

Log in

Articles filed under Finance

Biden calls to revive bank regulations that Trump weakened

By FATIMA HUSSEIN and JOSH BOAK
Mar 30, 2023 9:30 PM - Weeks after the failure of two banks, President Joe Biden called Thursday for independent regulatory agencies to impose tighter rules on the financial system, telling them that they can act under current law without additional steps taken by Congress.
First Citizens to acquire troubled Silicon Valley Bank

Associated Press
Mar 27, 2023 10:11 AM - North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
Federal Reserve raises key rate by quarter-point despite bank turmoil

By CHRISTOPHER RUGABER
Mar 22, 2023 2:57 PM - The Federal Reserve extended its yearlong fight against high inflation Wednesday by raising its key interest rate a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.
Yellen says bank situation stabilizing, different from 2008

By FATIMA HUSSEIN
Mar 21, 2023 12:54 PM - Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements "could be warranted" if any new failures at smaller institutions jeopardize financial stability.
Army of lobbyists helped water down banking regulations

By BRIAN SLODYSKO and KEN SWEET
Mar 21, 2023 12:33 PM - 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 -- demonstrating a willingness to work with President Donald Trump while bucking many in their party. That unlikely coalition voted in 2018 to roll back portions of a far-reaching 2010 law intended to prevent a future financial crisis.
New York Community Bank to buy failed Signature Bank of N.Y.

Associated Press
Mar 19, 2023 8:41 PM - 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 Corp. said Sunday. The 40 branches of Signature Bank will become Flagstar Bank, starting Monday.
UBS and Credit Suisse to combine in $3.2 billion deal to rein in global banking turmoil

By JAMEY KEATEN and KEN SWEET
Mar 19, 2023 5:30 PM - 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 President Alain Berset announced Sunday night. "An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system," Berset said.
Thanks to a slowing economy, SBA loans have been growing in popularity

By Gene Marks
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.
FACT CHECK: Were 'woke' policies to blame for bank's demise?

By PHILIP MARCELO
Mar 16, 2023 3:26 PM - 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 honing in on a single culprit: its socially aware, or "woke," agenda. But the Santa Clara-based institution's professed commitment to diversity, equity and inclusion, or DEI, wasn't a driver of the bank's collapse, say banking and financial experts.
Experts, banks look for ideas to stop next bank failure

By PAUL WISEMAN and KEN SWEET
Mar 16, 2023 3:21 PM - 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 vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis. None of this was a secret. Yet bank supervisors at the Federal Reserve Bank of San Francisco and the state of California did nothing as the bank rolled over the cliff.

Show 1-10 of 4,195 next »

Today's Obituaries

Top Jobs

bottom clear

Sections Search Help/Info close

Search DailyHerald.com for articles

More Ways to Search Daily Herald »
- Obituaries
- Newspaper Archive