SVB depositors vs. student loan debtors. Is there a double standard at play? usatodaymoney reporter charissejones explains:
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SVB frayed trust in the banking systemAlmost no one understands how banks and bank accounts work — and the government isn't helping.
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Banking hearings on SVB collapse, GDP and Fed’s inflation gauge top week aheadBanking turmoil will be the focus of hearings in the coming week as investors monitor the future of firms including First Republic while also digesting home price and inflation data.
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Asia wary, US stock futures up on SVB reportsInvestors hope that authorities are working to ring-fence stress in the global banking system.
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Indian shares open higher as SVB acquisition hopes aid sentimentIndian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed Silicon Valley Bank brought relief to markets, although fears of contagion in the global banking system lingered.
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A suitor for SVB soothes broader markets, but default stress stalks banksA potential buyer for Silicon Valley Bank helped cast an uneasy calm over fragile markets on Monday, which have been roiled by worries of a credit crunch and wider systemic banking stress.
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First Citizens Bank to buy SVB's deposits, loans from FDICFirst Citizens Bank & Trust Co will buy all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement.
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