Signature Bank

Lawmakers tell ex-CEOs 'you must answer' for bank failures

Gregory Becker, the former head of Silicon Valley Bank, and to Joseph DePaolo, the former head of Signature Bank had indicated to the committee they would be unable to attend the hearing. But the senators said they believe the CEOs can testify to Congress without disclosing confidential details

US mulls more support for banks while giving First Republic time

US banks have sought record amounts of emergency liquidity from the Federal Reserve in the past month after the failures of Silicon Valley Bank and Signature Bank

First Republic seeks new ways to escape unrealized losses

Major banks and private equity firms have so far baulked at offering First Republic the capital infusion it craves for fear of releasing losses on the bank's loan book and investment portfolio amid a rise in interest rates

'US Banking Crisis': Treasury Secretary Janet Yellen says banking sector stabilising

Stock markets extended gains with US and European indices closing higher as fears of a financial crisis eased, after the US Federal Reserve and other major central banks kicked off a coordinated effort this week to boost lenders' access to liquidity

US Banking Crisis: First Republic Bank shares down almost 50% as liquidity fears keep investors wary

S&P Global downgraded First Republic deeper into junk status on Sunday and said the recent cash infusion from 11 large US banks last week may not solve its liquidity problems

5 banks, 2 weeks: How the banking crisis unfolded

After three US regional lenders failed, UBS swooped in to buy out troubled Credit Suisse in order to avoid a larger crisis. The turmoil began on 8 March, with Silvergate Bank's announcement of liquidation, followed by the collapse of Silicon Valley Bank

TikTok-onomics: Thanks to a viral TikTok trend, Americans are going back to cash to curb spending

Thanks to a viral TikTok trend, more and more Americans are ditching their credit and debit cards, and switching over to cash, and stuffing them in envelopes earmarked for different expenses - rent, utilities, groceries, shopping etc. This practice is called cash stuffing

US government seeks to avoid 'bailout' label amid banking turmoil

Days after SVB's collapse this month, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) announced that its depositors -- along with those of Signature Bank -- would have access to their money

New York Community Bank to buy chunk of failed Signature Bank

The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank's subsidiaries

S&P cuts First Republic deeper into junk, says $30 billion infusion may not solve problems

S&P cut First Republic's credit rating three notches to 'B-plus' from 'BB-plus,' and warned that another downgrade is possible. Other ratings were also lowered