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2 mins read

Marc Andreessen says student loan forgiveness is a 'bailout.' Ben Horowitz thinks college is mostly 'a scam.'

Marc Andreessen and Ben Horowitz spoke at length in a podcast about American higher education and s…

Kali Hays   


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1 min read

HSBC acquires UK arm of Silicon Valley Bank for £1

HSBC says that the transaction "completes immediately" and will be funded from existing resources. …

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4 mins read

SVB solution ensures taxpayer dollars are not put at risk: President Biden

The US President, Joe Biden, assures the American people and businesses that a resolution of the co…

PTI   


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2 mins read

Wall Street reacts to Silicon Valley Bank's bailout

The initial reaction to the bailout of Silicon Valley Bank has not been kind to regional banks, whi…

Dan DeFrancesco   


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6 mins read

War rooms and bailouts: How banks and the Fed are preparing for a US default

Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a fe…

PTI   


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1 min read

Argentina plans to repay some yuan borrowings from Chinese currency swap using IMF bailout money

Argentina is expected to pay the equivalent of $1.7 billion to China's central bank as soon as this…

Filip De Mott   


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3 mins read

Tough times ahead for Pakistan as talks with IMF fails over bailout package

Pakistan is seeking a USD 7 billion bailout package from the IMF to prevent the collapse of the eco…

ANI   


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4 mins read

Republicans are slamming the bailout of Silicon Valley Bank's customers, saying it's a giveaway to the rich

GOP lawmakers called out the federal bailout as an effort to help wealthy depositors, rather than p…

Ayelet Sheffey,Juliana Kaplan   


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2 mins read

The Silicon Valley Bank crisis is 'clearly' a bailout, says former FDIC chairman William Isaac

"It's not a bailout of the shareholders. They're getting wiped out. That's great, and they should b…

Cheryl Teh   


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2 mins read

California Gov. Gavin Newsom failed to publicly disclose his SVB ties while lobbying for a bailout

Reports link Newsom to the failed SVB through personal accounts, three Newsom-owned wineries, and h…

Mattathias Schwartz   


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Elizabeth Warren criticizes 'overnight' bailout of SVB customers while leaving 'millions of student loan borrowers in limbo'

Warren blamed a Trump-era bank regulation policy for Silicon Valley Bank's fallout and pointed to t…

Ayelet Sheffey   


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Billionaire investor Bill Ackman says SVB was not a bailout: 'The people who screwed up will bear the consequences'

'Our gov't did the right thing. This was not a bailout in any form' he said, in support of the gove…

Huileng Tan   


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UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister but top economist Mohamed El-Erian disagrees

UBS struck a $3.25 billion Swiss government-brokered deal to acquire its troubled peer Credit Suiss…

Huileng Tan   


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3 mins read

Americans broadly support Biden bailing out Silicon Valley Bank even if Washington can't agree if it was a bailout: poll

For now, polling suggests that there is no broader partisan split on the Biden administration's act…

Brent D. Griffiths   


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3 mins read

Warren Buffett has weighed in on bank runs, bailouts and the dangers of insuring deposits. Here are 9 quotes that shed light on today's banking crisis.

Buffett has explained how to calm bank panics, warned that government guarantees distort markets, a…

Theron Mohamed   


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1 min read

Russian cuts to gas supplies force German utility Uniper to seek government bailout

German-based Uniper already faced a cash crunch before Russia invaded Ukraine and shook energy mark…

Brian Evans   


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2 mins read

Billionaire investor Bill Ackman calls on the US government to consider a bailout of Silicon Valley Bank if private investors won't step up

SVB Financial Group shares closed 60% lower on Thursday even as CEO Greg Becker tells investors to …

Huileng Tan   


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2 mins read

FTX files for bankruptcy and Sam Bankman-Fried steps down as CEO after crypto exchange fails to secure bailout

The crypto exchange filed for Chapter 11 bankruptcy and said John J. Ray III has been appointed as …

Phil Rosen   


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2 mins read

Warren Buffett had at least 3 chances to bail out Lehman Brothers before it collapsed. Here's why he didn't take them.

The billionaire boss of Berkshire Hathaway analyzed the ailing Wall Street bank and spotted a bunch…

Theron Mohamed   


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A Voyager investor says the FTX meltdown puts the bankrupt crypto lender's bailout in jeopardy, with $1.3 billion of customer assets on the line

FTX US was set to buy Voyager's assets, but now Sam Bankman-Fried's crypto exchange is in turmoil. …

April Joyner