Since the Global Financial Crisis (GFC) in 2008, more than 500 small banks have failed in the US alone – in not a single case has a depositor been asked to take a haircut
Das, without naming the US bank, said that on the face of it, one of them had unmanageable deposits in excess of their assets side business
The Fed official, Michael Barr, the nation's top banking regulator, said during a Senate Banking Committee hearing that the Fed is considering whether stronger bank rules are needed to prevent a similar bank failure in the...
The president, speaking from the White House shortly before a trip to the West Coast, said he’d seek to hold those responsible accountable, and pressed for better oversight and regulation of larger banks
While the Silicon Valley Bank collapse is a cause for concern, sticking to your basics and maintaining proper asset allocation will help you weather the storm should something similar happen again