In his first public remarks since Silicon Valley Bank collapsed, triggering widespread industry turmoil, the lender’s former chief executive pointed the finger at pretty much everybody but himself, casting blame […]
Credit and Debt
Trending topics and news from the Credit and Debt category
Back to news homeLate-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a […]
After First Republic Collapse, Is the Worst of the Banking Crisis Over?
Is the worst of the banking crisis over? It may seem a strange question to pose so shortly after the collapse of First Republic Bank, the second-largest such failure in […]
First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
Regulators seized control of First Republic Bank and sold it to JPMorgan Chase on Monday, a dramatic move aimed at curbing a two-month banking crisis that has rattled the financial […]
First Republic Lurches as It Struggles to Find a Savior
First Republic Bank is sliding dangerously into a financial maelstrom, one from which an exit appears increasingly difficult.Hardly a household name until a few weeks ago, First Republic is now […]
JPMorgan, Citigroup and Wells Fargo Report Rise in Profits Amid Industry Turmoil
Despite tenuous times for the banking industry, some of the largest U.S. lenders reported banner first-quarter earnings on Friday that easily exceeded investor expectations. And even as they warned that […]
A Big Question for the Fed: What Went Wrong With Bank Oversight?
WASHINGTON — Jerome H. Powell is likely to face more than the typical questions about the Federal Reserve’s latest interest rate decision on Wednesday. The central bank chair will almost […]
48 Hours Till Payroll, $200,000 to Go: Diary of a Bank Failure
Sara Mauskopf’s day-to-day concerns — her customers, her employees, her own three children — don’t typically involve the Federal Deposit Insurance Corporation. She is the chief executive of Winnie, a […]
Banking Crisis Hangs Over Economy, Rekindling Recession Fear
The U.S. economic recovery has repeatedly defied predictions of an impending recession, withstanding supply-chain backlogs, labor shortages, global conflicts and the fastest increase in interest rates in decades.That resilience now […]
Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.
WASHINGTON — If a number defined the 2010s, it was 2 percent. Inflation, annual economic growth, and interest rates at their highest all hovered around that level — so persistently […]