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This week in banking news: First Republic's $30 billion rescue fails to calm investors; Pima Federal Credit Union in Arizona adds new members; Visa and Mastercard successfully navigate a challenge to an antitrust settlement; and more.
March 17 -
Any major news provides fraudsters the opportunity to take advantage of a frenetic situation. This time, their plea for customers' banking credentials seemed extra credible.
March 17 -
Politicians on both sides of the aisle say the regional reserve bank deserves special scrutiny for Silicon Valley bank's failure. But larger-bank supervision tends to center on the Fed Board of Governors.
March 17 -
While the new deposits may have staved off a depositor run, some investors are concerned that it hasn't added any new equity to the bank.
March 17 -
Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn't be spooked into easing its campaign to contain inflation out of excessive concern about a credit crunch in the wake of the recent banking turmoil.
March 17 -
Charles Schwab Corp., one of the financial firms whose shares have been roiled by the current banking crisis, says it has added a net $16.5 billion in five days.
March 17 -
A category of Credit Suisse Group bonds is warning that a liquidity lifeline from Switzerland's central bank may not be enough to stabilize the embattled lender.
March 17 -
Some cities and states are making employers disclose salary ranges in job ads. This could make recruiting top talent harder for startups with lower pay scales.
March 17 -
President Biden asked that Congress pass measures that would expand the Federal Deposit Insurance Corp.'s ability to claw back compensation from the executives of failed banks, among other measures.
March 17 -
Coinbase has yet to decide where the platform might be based, but it has been speaking to market makers about connecting to it.
March 17










