March 19, 2023
House Looks to ‘Get to Bottom’ of Banking Collapses
The U.S. House Financial Services Committee is set to begin investigating two high-profile banking failures. Rep. Patrick McHenry, who chairs the committee, and Rep. Maxine Waters, its ranking member, announced...
March 17, 2023
HFSC Chairman Patrick McHenry Welcomes Banks’ Support of First Republic
House Financial Services Committee Chairman Patrick McHenry is among those welcoming banks’ support of First Republic Bank. The congressman said in a Thursday (March 16) press release that the announcement...
March 16, 2023
JPMorgan, BofA, 9 Other Banks Deposit $30 Billion in First...
Eleven large U.S. banks are making uninsured deposits totaling $30 billion into First Republic Bank. The move ensures First Republic has the liquidity it needs, reflects the 11 banks’ confidence...
March 16, 2023
Report: First Republic Could Get Rescue From Banking Giants
America’s largest lenders are reportedly considering a plan to rescue the embattled First Republic Bank. JPMorgan Chase, Bank of America and Wells Fargo are working together to offer a capital infusion to the struggling bank,...
March 15, 2023
Homebuilders Confident in Demand but Worried About Banking Crisis
Despite high construction costs and interest rates, U.S. homebuilders are confident in their industry. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed confidence among...
March 14, 2023
Report: Big Banks See Uptick in Deposits After SVB Collapse
Silicon Valley Bank’s downfall has reportedly brought more business to America’s larger lenders. Following last week’s failure of Silicon Valley Bank (SVB) — bookended by the collapse of Silvergate Bank...
March 13, 2023
Credit Card App Provider Ranking Is Not Interest Free
What’s in your wallet? Only our Provider Ranking of Credit Card Apps knows for sure. This one is easy, but not as much as it first appears. The Top 5...
March 10, 2023
SVB Financial Group Reportedly Looks to Sell After Trading Halted
SVB Financial Group has reportedly ended its plan to raise capital and is looking to sell. The parent company of Silicon Valley Bank — which has been beset by customer...
March 10, 2023
SVB Financial Group Share Trading Halted After 68% Premarket Plunge
SVB Financial Group share trading was halted Friday (March 10) after a 68% premarket plunge. This move followed a 60% drop in the share price Thursday after SVB — which...
