Category Archives for "The Economy"

Banks Join Forces to Stabilize U.S. Banking System

The nation’s largest banks are taking action to stabilize the U.S. banking system as a whole, by joining forces to funnel $30 billion worth of deposits into First Republic Bank (NYSE: FRC).[0] Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS), Morgan Stanley (MS), Bank of New York Mellon, […]

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Silicon Valley Bank Failure: What We Can Learn

The collapse of Silicon Valley Bank was one of the biggest banking failures in recent U.S. history.[0] Founded in 1983, the bank specialized in meeting the credit needs of technology startup companies and venture capital firms, and it held more than $200 billion in assets as of December 31, 2022. On Monday, in an effort […]

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