Newsfeeds Archive - Page 3 of 31

1 minute read

How’s The Banking System? Janet Yellen Calls Unscheduled FSOC Meeting To Address Financial Commotion

March 24, 12:34 PM

Treasury Secretary Janet Yellen will assemble the heads of top U.S. financial regulators for a previously unscheduled meeting of the Financial Stability Oversight Council (FSOC). The meeting will be closed to the public, the Treasury Department said in a statement. The Treasury did not disclose the time of the meeting.

2 minute read

‘Powell F’ed Everyone’: ‘Rich Dad Poor Dad’ Author Lashes Out At Powell, Yellen And Biden

By Chris Katje

March 23, 7:09 PM

One of the most well-known voices in the financial industry is speaking out against some of the top decision-makers after recent events.

BTC

1 minute read

Janet Yellen Clarifies Treasury’s Stance On Bank Deposit Insurance Amidst Market Turbulence

By AJ Fabino

March 23, 5:36 PM

U.S. Treasury Secretary Janet Yellen said Thursday that regulators are prepared to take additional steps to protect customer bank deposits if necessary.

FRC

2 minute read

Will Peter Thiel Get Summoned By Congress Over SVB? It’s Illegal To Promote Bank Runs – But There’s An Out

By AJ Fabino

March 23, 5:14 PM

Peter Thiel, co-founder of PayPal Holdings Inc (NASADQ: PYPL) and billionaire venture capitalist founder of Founders Fund, could face legal consequences for his potential involvement in the run on Silicon Valley B

KRE

2 minute read

Dan Niles Saw The Banking Collapse Coming, Predicted Big Firm Would Get ‘Nailed’: Now He’s Placing Bets On Tech

By Adam Eckert

March 23, 2:29 PM

Satori Fund founder and portfolio manager Dan Niles shorted several banks ahead of the collapse. Now he's looking to squeeze profits out of a pair of tech names.

DKNG

2 minute read

‘Senators Call On Former Silicon Valley Bank, Signature Bank CEOs To Testify’ – CNBC

By Happy Mohamed

March 23, 10:42 AM

https://www.cnbc.com/2023/03/23/silicon-valley-bank-collapse-senators-urge-former-ceo-to-testify.html Sens. Sherrod Brown, D-Ohio, and Tim Scott, R-S.C. are calling on the former CEOs of Silicon Valley Bank and

KBE

2 minute read

Silicon Valley Bank CEO Sold $3.6 Million In Stock And Could Be Hiding In Hawaii Now

By Chris Katje

March 22, 7:04 PM

One of the banks at the center of the financial crisis of March 2023 saw several insiders sell shares before the bank had a run on withdrawals and was taken over by regulators. The CEO of that bank left his home state fairly quickly.

SIVB

2 minute read

News

WTF Is Going On With SVB?

By Gav Blaxberg

March 22, 6:27 PM

It seems like everyone and their mother is talking about Banks nowadays. I’m sure Silicon Valley Bank (NASDAQ: SIVB) rings a bell? The whole situation has caused panic and fear within the banking industry: “Should I withdraw my money?”

SIVB