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There are more than 4,000 banks in the U.S. The argument for having many can be traced back to arguments as the nation was founded.
Climate-focused startups and their VC backers now likely face higher finance costs and less attractive funding options in the wake of Silicon Valley Bank's collapse.
The Phoenix lender watched its stock seesaw after offering two updates on how its deposit balance fluctuated during the first-quarter.
Ethereum has gained 8% in the past 24 hours as it edges closer to the $2,000 mark ahead of the blockchain's significant Shanghai upgrade.
Portfolio Wealth Advisors President and CIO Lee Munson joins Yahoo Finance Live to discuss the performance of S&P 500 tech stocks in the stock market, despite the banking crisis and the Fed raising rates.
As the consequences of Silicon Valley Bank's implosion continue to ripple out, one sector that's set for some big opportunities and losses is fintech.
JPMorgan Chase CEO told shareholders in his annual letter that it's unlikely that tighter regulations would have stopped the deposit run at Silicon Valley Bank.
RBC Capital Markets Managing Director Gerard Cassidy joins Yahoo Finance Live to discuss what impact the collapses of Signature Bank and Silicon Valley Bank will have on earnings season for the banking sector.
Banks will soon be in the news again and not only for the recent banking failures of Silicon Valley Bank (SIVB), Signature Bank (SBNY), and others. With bank Q1 earnings season upon us, major banks like JPMorgan (JPM), Wells Fargo (WFC), Bank of America (BAC), and others are expected to come out with their quarterly results in mid-April. During bank earnings season, there's a phrase you're probably going to hear a lot, and that is Net Interest Margin. But what does it mean for investors? Yahoo Finance’s Julie Hyman decodes the phrase in layman's terms.
CFPB Director Rohit Chopra sits down with Yahoo Finance’s Jennifer Schonberger to discuss the state of the banking system, the causes of the Silicon Valley Bank failure, and the proposals for banking safeguards.
Well, that didn't take too long. On Thursday, about three weeks after the collapse of Silicon Valley Bank, the White House proposed reinstituting...
The Yahoo Finance Live team breaks down the top three stories from Thursday.
Yahoo Finance Fed reporter Jennifer Schonberger discusses Fed officials’ rate hike outlooks amidst the banking crisis and regulation debate.
Yahoo Finance political columnist Rick Newman joins the Live show to talk about potential changes in policy following recent bank collapses.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Thanks to the easing concerns in the banking sector and the Fed's willingness to pause rate hikes, it's wise to invest in growth stocks like Blue Bird (BLBD), Salesforce (CRM), and Deckers Outdoor (DECK).
Duration might be an abstract concept for most investors, but it became very real earlier this month when Silicon Valley Bank, part of SVB Financial, collapsed, becoming the second-biggest bank failure in U.S. history. The bank received a windfall of new deposits during the early stages of the pandemic, and it took that money and invested it in long-duration fixed-income assets like Treasury bonds and mortgage-backed securities. The problem with that strategy was that the price of those bonds plunged as interest rates spiked over the past year.
The unexpected events that have occurred with SVB Financial, Signature Bank, and First Republic Bank have sparked contagion in the broader industry, taking down other regional bank stocks that have nothing to do with the troubled capital providers. Just look at U.S. Bancorp (NYSE: USB), whose shares are down a jaw-dropping 24% this month (as of March 29), despite no material news flow coming from the business. Amid the turmoil, is U.S. Bank stock a buy at this point?
First Citizens is acquiring $109 billion of SVB Financial's former assets at a $16.5 billion discount.
Yahoo Finance Live's Dave Briggs and Seana Smith look back a several of Wednesday's leading headlines.
Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, doesn’t believe that the digital assets sector should be blamed for the runs on Silicon Valley Bank (SVB) and Signature Bank that led to their quick demise earlier this month.
Yahoo Finance fiscal policy reporter Jennifer Schonberger discusses the second day of congressional hearings over the collapse of Silicon Valley Bank.
Plurimi Wealth CIO Patrick Armstrong joins Yahoo Finance Live to discuss the U.S. banking crisis, Fed policy, investor sentiment, and the outlook for the U.S. banking system.
The U.S. equity market has been quite volatile in the past month. The collapse of SVB Financial's Silicon Valley Bank has triggered fears of a broader contagion. The sell-off in Deutsche Bank's shares also affected investor sentiment.
(Bloomberg) -- Politicians called the dramatic collapse of Silicon Valley Bank the “first Twitter-fueled bank run.” But in the highly networked tech industry, public social media feeds didn’t actually drive the fast-growing anxiety over SVB’s financial position — that happened in private.Most Read from BloombergOPEC+ Makes Shock Million-Barrel Cut in New Inflation RiskUBS to Cut Staff Up to 30%; Prosecutors Look at CS DealSt. Petersburg Explosion Kills Pro-War Blogger TatarskyOil Rockets 8% Afte