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Banks

Banks in Turmoil

Regional banks still face challenges after bank runs

by Lily Jamali
Jun 16, 2023
They've been operating under more scrutiny from the federal government and trying to manage the Federal Reserve's higher interest rates.
Silicon Valley Bank was one of the regional banks that failed earlier this year.
Patrick T. Fallon/AFP via Getty Images
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Mortgage demand is up, but lenders are more cautious

by Justin Ho
Jun 14, 2023
Mortgage applications rose last week, thanks in part to a dip in mortgage rates, according to a new report. But credit availability has been falling.
Mortgage demand and mortgage supply are moving in different directions.
Joe Raedle/Getty Images
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Banks in Turmoil

Banking crisis may be fueling the rise of so-called "shadow banks"

by Kai Ryssdal and Andie Corban
May 15, 2023
Hedge funds and private equity loans might lend like banks, but they're not regulated like them.
Shadow banks are financial institutions that provide loans but don't take deposits.
Spencer Platt/Getty Images
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Banks in Turmoil

Who's on the hook for money the FDIC paid uninsured depositors?

by Kimberly Adams
May 12, 2023
The agency wants the country's largest banks to split the cost of refilling its coffers. But smaller banks aren't sure they're in the clear.
After stepping in to rescue depositors after recent bank failures, the Federal Deposit Insurance Corp. wants to replenish its insurance fund. Above, the agency's logo at a First Republic Bank branch.
Patrick T. Fallon/AFP via Getty Images
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Banks in Turmoil

One way to make banks safer? Make them "narrower."

by Justin Ho
May 12, 2023
Limiting riskier, illiquid investment could make banks and the financial system more stable — but the Federal Reserve isn’t so sure.
A narrow bank could just lock your money away in a vault behind the tellers or park it in a liquid investment. But those options aren't very profitable.
Evening Standard/Getty Images
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Race and Economy

Native-serving financial institutions "fill gaps," but new federal rules could undermine them

by Savannah Peters
May 10, 2023
Community development financial institutions are mostly concerned about a ban on extended-term mortgages and balloon payments.
When Joshua Iron Shell decided to start his own roofing business, a Native CDFI helped him get his finances in order and secure a loan.
Courtesy Joshua Iron Shell
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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. 
David McNew/Getty Images
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Banks in Turmoil

Have short sellers been tanking bank stocks? Group wants SEC to investigate

by Kimberly Adams
May 5, 2023
Short selling's legal. Misrepresenting a firm's finances for profit isn't.
Short sellers bet against First Republic Bank. The American Bankers Association is urging the Securities and Exchange Commission to see if market manipulation was involved.
Justin Sullivan/Getty Images
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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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