Banking crisis

Macroeconomic expert George Gammon says that a significant rise in bank borrowing from the Federal Home Loan Bank (FHLB) system and the recently established Bank Term Funding Program (BTFP) is compelling evidence of another potential wave of banking failures. In a YouTube video...

During an interview in Paris this week, Treasury Secretary Janet Yellen said that an increase in interest rates and recent banking instability are likely to prompt more banks to pursue mergers this year, while adding that the rising costs of retaining depositors are contributing to...

Andreas Steno Larsen, Founder and CEO of Steno Research, believes the banking turmoil is far from over as persistent core inflation may keep monetary policy tight in coming times. "Monetary policy is likely to remain tight as long as core CPI stays elevated, and with the metric being stuck at 5%...

Economist and gold bull Peter Schiff recently warned the U.S. banking crisis was not yet over. Throughout the year, three mid-sized regional banks collapsed, and more are speculated to be teetering on the brink. Now, economist and former Federal Reserve board member Kevin Warsh ...

The banking crisis could have further legs to play out, according to Gold bug Peter Schiff. What Happened: Bank of America Corp. (NYSE:BAC) pays just 0.5% on savings accounts held with the bank and zero percent for checking accounts, Schiff noted. On the other hand, the fed funds rate is 5.25%,...

In a note on Friday, the Bank of America Corp (NYSE: BAC) said that money market funds have witnessed a deluge of more than half a trillion dollars’ worth of capital. According to the note, money market funds have attracted $756 billion in investments this year...

JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon reportedly said the lender is unlikely to buy any additional regional banks that are struggling in the wake of the sector's turmoil. Dimon made the clarification in response to a shareholder question at the bank's annual meeting on Tuesday, a...

Jamie Dimon, the CEO and chairman of JPMorgan Chase & Co (NYSE: JPM), expressed concern about the impact of potential Federal Reserve overregulation on American banks. His remarks come in the wake of several significant banking failures this year, including Signature Bank (OTC: SBNY),...

The Federal Deposit Insurance Corporation said on Thursday that of the total cost of the failures of Silicon Valley Bank and Signature Bank, approximately $15.8 billion was attributable to the protection of uninsured depositors. FDIC stated that banking organizations with total assets over $50...

As the banking industry is in a state of flux, opinions are divided over regulatory actions required to alleviate the situation. A banking CEO shared his thoughts on the crisis in an interview on Monday. Banking Oligopoly? JPMorgan Chase & Co.'s (NYSE:JPM) Jamie Dimon may not have become...

With First Republic Bank becoming the latest lender to collapse, reigniting concerns about the health of the banking sector, the S&P 500 Financials index stands on the verge of falling back below its 2007 peak. What Happened: This is noteworthy because following the 2008 credit crash, it took...

Shares of beaten-down regional banking stocks were surging higher in premarket trading. Stocks rebounded following a report by Bloomberg that the Federal Deposit Insurance Corporation may exempt smaller banks with assets below $10 billion from contributing to its Deposit Insurance Fund....

Peter Schiff, chief economist and global strategist at Euro Pacific Capital, has highlighted the contrarian price movements in gold stocks and banking shares. "#Gold stocks are hitting new 52-week highs today as #bank stocks are hitting new 52-week lows. This is not the end of this rotation, but...

Market commentator Jim Cramer reportedly said the mayhem in bank stocks may feel like a looming "train wreck" for Wall Street, but as long as the debt ceiling crisis is taken care of, it won't destroy the market. What Happened: "I believe we'll have more mayhem like we saw the last time this...