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[ad_1] Federal Reserve Vice Chair for Supervision Michael Barr released his report on the failure of Silicon Valley Bank on Friday.Bloomberg As the dust settles on...
[ad_1] The sudden collapse of Silicon Valley Bank last month was due to a combination of extremely poor bank management, weakened regulations and lax government supervision,...
[ad_1] U.S. consumer spending still strong despite slowing GDP, expert says – CBS News Watch CBS News The stock market closed in positive territory Thursday despite...
[ad_1] Text size The SVB Private logo is displayed outside of a Silicon Valley Bank branch in Santa Monica, California on March 20, 2023. Patrick T....
[ad_1] A senior Federal Reserve official said Friday that there has been little progress on inflation for more than a year and that more interest rate...
[ad_1] Inflation cools to lowest level in nearly two years – CBS News Watch CBS News Inflation cooled down to its lowest level in nearly two...
[ad_1] Inflation cools for 9th consecutive month in March – CBS News Watch CBS News The latest Consumer Price Index report shows inflation cooled last month....
[ad_1] Inflation eases in March, with Consumer Price Index rising 0.1% – CBS News Watch CBS News Data released Wednesday shows the Consumer Price iIdex rose...
[ad_1] U.S. mortgage rates continue to fall as buyers gear up for the spring market. getty The decline in mortgage rates over the last month likely...
[ad_1] Housing inflation has remained hot in recent months—but it could be approaching a turning point, according to a Zillow economist. Housing costs—both the cost of...
[ad_1] The Federal Reserve’s overnight repo facility has been utilized by money market funds to a large extent, and may be contributing to dramatic outflows of...
[ad_1] Wells Fargo will pay more than $97 million in fines for allowing transactions prohibited under U.S. sanction laws, the Federal Reserve and Treasury Department announced...
[ad_1] WASHINGTON, DC – MARCH 22: Chairman of the US Federal Reserve Jerome Powell speaks during a news … [+] conference following a Federal Open Market...
[ad_1] Michael S. Barr, the Federal Reserve’s vice chair for supervision, said Silicon Valley Bank had ignored “bread-and-butter” banking issues. [ad_2] The New York Times Source...
[ad_1] The Federal Deposit Insurance Corporation (FDIC) estimates the cost to the Deposit Insurance Fund to cover the collapse of Silicon Valley Bank is $20 billion...
[ad_1] First Citizens Buys Up Large Parts of Silicon Valley Bank After Collapse [ad_2] Source link
[ad_1] Credit card debt among Americans at all-time high – CBS News Watch CBS News Credit card debt among Americans is nearing the trillion-dollar mark. And...
[ad_1] The Federal Reserve disclosed more details on its decision to deny Custodia Bank’s application for membership.Bloomberg The Federal Reserve said Custodia Bank has insufficient management...
[ad_1] Jerome H. Powell said that the Federal Reserve raised interest rates to combat inflation amid turmoil in the banking system. [ad_2] The New York Times...
[ad_1] The Federal Reserve is raising its key interest rate 0.25 percentage point, underscoring central bankers’ commitment to fighting inflation even if that heightens the financial...