Lawmakers could reduce the risk of bank runs by significantly raising deposit-insurance protection for accounts used for payroll and other business payments.
Tag: bank crisis
JPMorgan Purchases First Republic Bank
Regulators seized and struck a deal to sell the bulk of its operations to JPMorgan Chase & Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis.
First Republic Lost $100 Billion in Deposits in Banking Panic
Customers pulled about $100 billion in deposits out of First Republic Bank last month, when a pair of bank failures shook Americans’ faith in regional lenders.
Deposit Crisis Sets Up a Tough First Quarter for All but the Biggest Banks
A deposit run that felled Silicon Valley Bank and Signature Bank has hurt small banks much more than big ones, draining low-cost funding that has fueled their profitability in recent years.
Companies Big and Small Lose Access to Credit Amid Bank Stress
Companies from mom-and-pop operations to multinationals will find it harder to access credit in the wake of sudden stress in the global banking system, analysts say.
SVB-Fueled Turmoil Debunks Lessons of the Global Financial Crisis
The turmoil touched off by the collapse of Silicon Valley Bank has demolished much of what the Federal Reserve, political leaders and investors thought they had learned from the global financial crisis of 2007-09.