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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

Stress tests aim to reveal banks' weaknesses. More banks will probably have to run them.

by Mitchell Hartman
Mar 22, 2023
But the probes can't uncover every problem before trouble erupts.
The Federal Reserve may have to modify its stress tests to account for the changing sources of stress on banks.
Kevin Dietsch/Getty Images
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Banks in Turmoil

Federal Reserve raises key rate by quarter-point despite bank turmoil

by Associated Press
Mar 22, 2023
The central bank also signaled that it’s likely nearing the end of its aggressive series of rate hikes.
In a statement it issued, the central bank removed language that had previously indicated that it would continue raising rates at upcoming meetings.
Kevin Dietsch/Getty Images
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Banks in Turmoil

"Moral hazard" at banks isn't just a theoretical concern

by David Brancaccio and Alex Schroeder
Mar 22, 2023
According to Boston College's Patricia McCoy, data underscore concerns about the government's role in risk-taking at banks.
Data support the claim that too much government backing can incentivize banks to take more risks, says Boston College law professor Patricia McCoy.
Spencer Platt/Getty Images
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Banks in Turmoil

How to get more than $250,000 covered by federal deposit insurance

by David Brancaccio , Chris Farrell and Erika Soderstrom
Mar 22, 2023
From creating joint accounts to patronizing multiple banks, there are ways to maximize FDIC coverage, says economics contributor Chris Farrell.
Having too much money to be insured in one account is a good problem to have. Marketplace economics contributor Chris Farrell explains how to solve it.
John Moore/Getty Images
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Banks in Turmoil

Trying to explain the bank runs? The "takeconomy" might deserve some of the blame.

by Kai Ryssdal and Sean McHenry
Mar 21, 2023
Many factors led to Silicon Valley Bank’s collapse, but content creator Kyla Scanlon says "social media risk" accelerated the slide.
Credit Suisse Chair Axel Lehmann blamed his bank's failure partly on a "social media storm." Content creator Kyla Scanlon highlights the role of social media in the instability that has jolted global finance.
Fabrice Coffrini/AFP via Getty Images
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Make Me Smart | Episode 885

The regulatory debacle behind SVB's meltdown

Mar 21, 2023
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Banks in Turmoil

Consumer confidence is up despite current bank troubles — will it last?

by Savannah Peters
Mar 21, 2023
Consumers haven't seen much reason to hold back.
According to a recent report from Ipsos, consumers are slightly uncertain about the future of the economy, even though consumer spending hasn't eased in the face of high interest rates and prices.
Patrick T. Fallon/Getty Images
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Banks in Turmoil

How the Fed's rate hikes spelled trouble for banks like SVB

by Sabri Ben-Achour
Mar 21, 2023
Why bonds lose value when the Fed hikes interest rates and what that has to do with banks.
Silicon Valley Bank was among the financial institutions for which rising interest rates on bonds spelled trouble.
Patrick T. Fallon/AFP via Getty Images
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Banks in Turmoil

What does a bank's credit rating really tell us?

by Samantha Fields
Mar 21, 2023
Credit rating agency Moody's had given Silicon Valley Bank a high rating — right up until it failed.
A sign for Moody's rating agencyat the company headquarters. Credit rating firms gave high marks to SBV and Signature Bank before collapsing.
Emmanuel Dunand/AFP via Getty Images
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Silicon Valley Bank Collapse

Some Republicans are blaming SVB’s collapse on ESG initiatives

by David Brancaccio and Erika Soderstrom
Mar 21, 2023
We explore what’s really going on here with Washington Post reporter Julian Mark.
Sen. Josh Hawley (R-MO) is one of several prominent Republican lawmakers blaming the collapse of Silicon Valley Bank on so-called ESG investing.
Drew Angerer/Getty Images
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