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Banking

Banks in Turmoil

Has the banking crisis been a boon for crypto?

by Lily Jamali
Apr 3, 2023
Bitcoin and other digital currencies are riding a wave of momentum that started last month after tumult in the banking industry.
Bitcoin came into being after the Great Recession. Its price rallied after recent bank turmoil.
Mario Tama/Getty Images
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Banks in Turmoil

So how are consumers feeling about the economy post-SVB?

by Matt Levin
Mar 30, 2023
It may be hard to tell from some data out Friday, which is for February. But we may still get a read on whether consumer sentiment is changing.
February consumer spending numbers will show whether January's spending numbers were an anamoly.
Spencer Platt/Getty Images
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Banks in Turmoil

Bank regulators face a grilling on Capitol Hill while calming markets and the public

by Kimberly Adams
Mar 27, 2023
Besides testifying in hearings, regulators need to get a few messages across, including that the system worked, a PR executive says.
"As far as the overall banking system is concerned, I do think that SVB was an outlier," said Anusha Chari, a professor at UNC Chapel Hill.
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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

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

All eyes are on the Federal Reserve's next move in this "wobbly" economic moment

by Kai Ryssdal and Sarah Leeson
Mar 20, 2023
The inflation threat calls for one type of action, and the banking turmoil calls for another. How will the Fed respond?
Chairman Jerome Powell and other policymakers at the central bank will reveal their interest rate decision Wednesday. The Fed is also taking steps to stabilize the condition of regional banks and protect depositors.
Drew Angerer/Getty Images
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Banks in Turmoil

Is Switzerland still synonymous with safe banking?

by Stephanie Hughes
Mar 20, 2023
Switzerland’s reputation for secure, secret banking goes back to at least WW I. But its banks have changed over time, with mixed results.
UBS was reportedly worried that if Credit Suisse went bankrupt, it could have threatened the image of Swiss banking.
Fabric Coffrini/AFP via Getty Images
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Banks in Turmoil

Smaller banks keep a close watch over their liquidity

by Justin Ho
Mar 20, 2023
One concern: People will put their money in a bigger bank. But there's a good reason to leave it in smaller institution, one banker says.
If more people get anxious about the banking system, they may start withdrawing their money, said University of Alabama law professor Julie Hill.
Saul Loeb/AFP via Getty Images
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I've Always Wondered ...

You can protect more than $250,000 at a bank. But beware the “moral hazard.”

by Janet Nguyen
Mar 17, 2023
The FDIC allows coverage of different types of accounts at the same bank. There are also services that help you spread your money around.
Depositors are covered by the FDIC for up to $250,000, but there are ways to skirt the limit.
Karen Bleier/AFP via Getty Images
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