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Banking industry

Banks in Turmoil

Here's why the U.S. has so many banks

by Kristin Schwab
May 5, 2023
Deregulation has allowed lenders to operate across state lines, making it easier for banks to merge when they’re in trouble.
"Banking in this country is way more restrictive than in any other of the industrialized countries," says Richard Grossman, an economics professor. 
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What do bank branches offer in an online-banking world?

by Stephanie Hughes
May 3, 2023
JPMorgan Chase's purchase of First Republic includes its brick-and-mortar locations. In-person interaction is still a key part of the business.
Spencer Platt/Getty Images
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Banks in Turmoil

How will banking change amid wreckage of SVB, First Republic?

by Justin Ho
May 2, 2023
New regulation and industry consolidation will be key. Loans may be scarcer for new businesses and in low-income and rural communities.
Executives and regulators would like the fallout of the recent bank failures to be limited, but the impact is being felt.
Justin Sullivan/Getty Images
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Banks in Turmoil

When short sellers bet against banks

by Matt Levin
Apr 28, 2023
Short sellers have made more than a billion dollars betting that First Republic would tank. Is that good for financial stability?
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Banks in Turmoil

Banks to start reporting quarterly earnings, providing clues about the economy

by Mitchell Hartman
Apr 13, 2023
First up: the biggest financial institutions. They're likely to show strong results.
Citibank is among the large financial institutions that will report results Friday. Considering recent instability in the sector, analysts will examine the data closely.
Andrew Caballero-Reynolds/AFP via 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

What's next for financial regulators after the banking jitters?

by David Brancaccio , Chris Farrell and Alex Schroeder
Mar 23, 2023
The recent bank rescues should serve as a wake-up call for regulators to do more, says senior economics contributor Chris Farrell.
Drew Angerer/Getty Images
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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

"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

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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