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Banks in Turmoil

As banks' strength and stability are put into question, we'll chart the failures, fallout and bailouts.

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Banks in Turmoil

Why Jamie Dimon is the CEO that bridges Wall Street and Washington

by Kai Ryssdal , Sean McHenry and Livi Burdette
May 4, 2023
Emily Flitter of The New York Times explains how the head of JPMorgan became one of the key people trying to shore up the banking system.
"It's not like Jamie Dimon has dictatorial control over the situation the way John Pierpont Morgan Sr. did, but there are some incredible similarities," says New York Times reporter Emily Flitter. Above, the JPMorgan Chase CEO.
Drew Angerer/Getty Images
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Banks in Turmoil

Small banks are doing just fine. Thanks for asking.

by Kimberly Adams
May 1, 2023
Main Street banks, often more diversified and risk-averse than Wall Street banks, are largely shrugging off First Republic’s meltdown.
Although depositors pulled $100 billion out of smaller banks in the aftermath of Silicon Valley Bank's failure, the collapse of First Republic has so far been met with a more muted response.
Spencer Platt/Getty Images
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Banks in Turmoil

The Treasury Department wants to apply more scrutiny to financial institutions that aren't banks

by Justin Ho
Apr 25, 2023
Several of them were responsible for the 2008 financial crisis.
Several nonbanks, including Bear Stearns, were partially responsible for the 2008 financial crisis.
Chris Hondros/Getty Images
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Banks in Turmoil

Banks are borrowing less from the Federal Reserve

by Nancy Marshall-Genzer
Apr 14, 2023
That's good news, but banks are still borrowing a lot more from the Fed than they typically do.
New central bank data shows that banks borrowed about $9 billion less from the Fed in the week ending April 12, according to Krishna Guha, vice chair of Evercore ISI.
Kevin Dietsch/Getty Images
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Banks in Turmoil

The history of “too big to fail”

by Kai Ryssdal and Maria Hollenhorst
Apr 13, 2023
In the wake of the Silicon Valley Bank debacle, the 1984 failure of Continental Illinois remains relevant.
The head offices of Bear Stearns, left, and JPMorgan Chase in New York in March 2008. After Bear went bust, JPM acquired its remains for a small sum.
Don Emmert/AFP via Getty Images
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Banks in Turmoil

Why banks are reluctant to borrow at the Fed's "discount window"

by Sabri Ben-Achour
Mar 31, 2023
There's a stigma attached to the emergency lending program.
The Federal Reserve's discount window is a "safety valve" that can stabilize troubled banks, says Bill Nelson of the Bank Policy Institute.
Alex Wong/Getty Images
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Banks in Turmoil

Who are bank examiners, and what do they do?

by Matt Levin
Mar 24, 2023
Examiners are the government employees who monitor a bank’s safety and soundness. What happened in the case of Silicon Valley Bank?
Patrick T. Fallon/AFP via Getty Images
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Banks in Turmoil

Former Fed official who oversaw reforms sees "deep irony" after bank collapse

by Kai Ryssdal , Sarah Leeson and Sean McHenry
Mar 14, 2023
"We've just seen an uptick in moral hazard," Daniel Tarullo says of the U.S. government covering uninsured deposits.
"One of those pillars of Dodd-Frank — which is to let banks fail and people will have the right incentives — we just can't rely on that," said former Fed Governor Daniel Tarullo, seen above in 2014.
Win McNamee/Getty Images
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Silicon Valley Bank Collapse

How Silicon Valley Bank failed

by Sabri Ben-Achour
Mar 10, 2023
The swift and chaotic failure of SVB left CEOs and investors unable to access their money. Should we be worried about contagion?
People line up outside the shuttered Silicon Valley Bank headquarters Friday in Santa Clara, California. With venture capitalists' accounts dwindling and its bond assets losing value, SVB suffered.
Justin Sullivan/Getty Images
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