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You are here: Home / Archives for US Top News and Analysis

What Signature Bank, Silicon Valley Bank failures mean for consumers and investors

March 13, 2023 by US Top News and Analysis

Here’s how the failures of Silicon Valley Bank and Signature Bank and moves by U.S. regulators may affect your wallet, according to financial advisors.

Filed Under: Uncategorized

Are your bank deposits FDIC-insured? What to know in the wake of Silicon Valley Bank, Signature Bank closures

March 13, 2023 by US Top News and Analysis

Silicon Valley Bank and Signature Bank customers are expected to have full access to their money. If your bank failed, could you expect the same?

Filed Under: Uncategorized

‘That’s how capitalism works,’ Biden says of SVB, Signature Bank investors who lost money in failed banks

March 13, 2023 by US Top News and Analysis

“Investors in the banks will not be protected,” Biden said. “They knowingly took a risk and when the risk didn’t pay off, the investors lose their money.”

Filed Under: Uncategorized

Charles Schwab shares drop 12% even as the firm defends financial position

March 13, 2023 by US Top News and Analysis

Schwab defended its financial position, reiterating that it has plenty of access to liquidity and a low loan-to-deposit ratio.

Filed Under: Uncategorized

Biden Interior approves controversial Alaska oil drilling project

March 13, 2023 by US Top News and Analysis

The $8 billion Willow project in Alaska, led by the state’s largest crude oil producer, would produce about 600 million barrels of oil over 30 years.

Filed Under: Uncategorized

Analysts raise one main concern with regional bank stocks: Deposit flight

March 13, 2023 by US Top News and Analysis

Regional banks with a high share of uninsured deposits could see customers pull their money out this week, analysts warn.

Filed Under: Uncategorized

Carl Icahn reportedly prepares for a proxy fight at Illumina

March 13, 2023 by US Top News and Analysis

Carl Icahn is preparing a proxy fight at Illumina, arguing that the life science maker’s acquisition of Grail cost its shareholders roughly $50 billion.

Filed Under: Uncategorized

Rivian is revisiting its exclusivity agreement with Amazon for EV delivery trucks

March 13, 2023 by US Top News and Analysis

Eliminating the exclusivity clause of the agreement would allow Rivian to court new customers as it works to ramp up production and seeks a cash infusion.

Filed Under: Uncategorized

Mohamed El-Erian says U.S. may be stuck with sluggish growth and high inflation

March 13, 2023 by US Top News and Analysis

The Federal Reserve still needs to hike interest rates, despite the stress on the banking system after the demise of Silicon Valley Bank, Mohamed El-Erian said.

Filed Under: Uncategorized

Investors rush into bonds, gold in flight to safety after SVB rescue

March 13, 2023 by US Top News and Analysis

Investors flocked to safe-haven assets amid an emergency plan to backstop the banking system and limit the impact from the collapse of Silicon Valley Bank.

Filed Under: Uncategorized

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