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7 mins read

Banks have finally fixed the single most annoying thing about credit cards

Banks are using huge amounts of data to separate legitimate purchases from scams. That's great for …

Emily Stewart   


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6 mins read

Jamie Dimon, CEO of JPMorgan Chase, just hinted at retirement. Here's how he became an iconic billionaire banker.

Jamie Dimon, the CEO of JPMorgan Chase, began his career in banking at American Express.

Katherine Tangalakis-Lippert   


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2 mins read

US Fed says it failed to take forceful action on Silicon Valley Bank

The US Federal Reserve said that it failed to act with "sufficient force and urgency" in its oversi…

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1 min read

$68 billion withdrawn from Credit Suisse before collapse

Collapsed banking giant Credit Suisse says 61.2 billion Swiss francs ($68.6 billion) left the bank …

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2 mins read

Signature Bank shut down by regulators

The crypto-friendly Signature Bank was closed on Sunday afternoon in an attempt to control a burgeo…

Katherine Tangalakis-Lippert   


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2 mins read

New York's Signature Bank collapses, becomes 2nd US bank to be shut down

New York-based Signature Bank was closed by the state regulators, becoming the second US bank after…

ANI   


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2 mins read

Silicon Valley Bank's new CEO urges depositors to bring back their money

Tim Mayopoulos, new CEO of collapsed Silicon Valley Bank (SVB), has urged depositors to return with…

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2 mins read

Global banking shares slump as fallout spreads

Global financial markets have come under severe pressure after the collapse of Silicon Valley Bank,…

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2 mins read

Sensex snaps 5-day losing streak on value-buying; Nifty closes near 17,000 level

Halting its five-day losing streak, the 30-share BSE benchmark rose 78.94 points or 0.14 per c…

PTI   


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2 mins read

Over $70 bn wiped off global crypto market, Bitcoin drops below $20,000

The collapse of three banks in the US, including the giant Silicon Valley Bank (SVB), within a week…

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2 mins read

Savings of depositors safe, assures US government after two banks collapse

Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the stat…

ANI   


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2 mins read

Massive selloff in domestic equities amid US bank failures: Sensex closes below 59,000, Nifty tests 17,000

Falling for the third straight session, equity benchmark Sensex tanked nearly 900 points to close b…

PTI   


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1 min read

A real estate CEO predicts hundreds of banks will fail or be taken over by 2026

Scott Rechler, CEO of RXR, said the maturing of commercial real estate loans would result in a "slo…

Theron Mohamed   


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2 mins read

A woman in Brazil was arrested after she seemingly attempted to get a dead body in a wheelchair to sign for a bank loan

The woman insists that the man, who she said was her uncle, was still alive when they entered the b…

Polly Thompson   


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1 min read

Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse

In a series of tweets, the famed money manager described the Fed as the "primary culprit" for the s…

Morgan Chittum   


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2 mins read

The rescue of SVB and Signature Bank depositors leaves the incentive for bank runs, Wharton finance professor says

"The contagion risk is that there is a run on other banks that are financed by a large fraction of …

Phil Rosen   


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2 mins read

Huileng Tan   


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2 mins read

NYCB's stock crash shows the peril of a bank growing too fast

Growth is king in most industries, and everyone is constantly chasing it. But NYCB has shown expand…

Matthew Fox   


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3 mins read

NYCB's slide sparks fears of more banking and commercial real estate turmoil

NYCB stock plunged 60% in five days after disappointing earnings and a Moody's downgrade triggered …

Theron Mohamed   


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3 mins read

US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.

The US government shut another financial institution on Sunday. This time it was Signature Bank, wh…

Alistair Barr