Us Banking Crisis
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US Banking Crisis: Yellen says bank situation ‘stabilizing,’ system is ‘sound’
•Yellen, in an excerpt of remarks prepared for delivery to the American Bankers Association on Tuesday, says that overall “the situation is stabilizing.”
US officials study ways to expand FDIC coverage to all deposits
•One legal framework that is being looked at for expanding FDIC insurance would use the Treasury Department's authority to take emergency action and lean on the Exchange Stabilization Fund
As US banking crisis and global recession gain momentum, India provides an exception to the scenario
Gautam Mukherjee •Moody's has downgraded the American banking sector from stable to negative for the systemic risks it poses. A global recession is gaining momentum according to the World Bank. Yet, India is expected to become a $5 trillion economy by 2028
Shadow Warrior | SVB collapse: How system-wide problem created by Fed led to US' second-largest bank failure
Rajeev •Things will take some time to settle. It is likely that the contagion will hit a few more American banks. However, there will not be the global financial collapse that some doomsters have been predicting for a while
Why is San Francisco’s First Republic Bank in trouble? Why did the biggest US banks step in to save it?
Fp Explainers •After the Silicon Valley Bank debacle, First Republic came under scrutiny for uninsured deposits. Its shares fell, as it scrambled to reassure customers it can avoid the same fate. Now, 11 of the biggest US banks have announced a $30 billion rescue package to prop it up and stave off a bigger crisis
Credit Suisse Troubles: What's happening at the Swiss bank and how has it renewed banking crisis fears?
Fp Explainers •Credit Suisse shares plunged to record lows of 30 per cent, prompting it to borrow $54 billion from the Swiss central bank. This plummet comes just days after the collapse of Silicon Valley Bank and Signature Bank in the US, sparking concerns about the health of the global financial system
Explained: Why Silicon Valley Bank and Signature Bank failed so fast
•Silicon Valley Bank and Signature Bank failed so quickly that they could become textbook examples of classic bank runs, in which a large number of depositors withdraw their funds from a bank at the same time