Banking Crisis 2023

Silicon Valley Bank's former parent company filed for bankruptcy a week after a run on deposits prompted regulators to seize its banking unit.

The bank's shares tumbled again on Friday, set for their worst week ever, as sentiment around the lender remained fragile even after proposals for $30 billion of aid from Wall Street's biggest banks.

Is the banking sector in crisis? What happened, and what can bankers learn from this turmoil? Two of American Banker's reporters discuss the fallout and what comes next with the magazine's editor-in-chief.

Employees of the collapsed bank are using LinkedIn, and old-school means, to find new jobs.

Shadows loomed over Credit Suisse and First Republic early Thursday, but the sector outlook brightened after billions of deposits were pledged to the U.S. bank.

The $54 billion lifeline won by Credit Suisse on Thursday gives it a fighting chance to rebuild its business. Some clients aren't waiting around to find out how that goes.

The liquidity facility launched by the central bank over the weekend saw limited uptake compared to other emergency funding options.

Treasury Secretary Janet Yellen took the first step of walking back an implicit guarantee by the U.S. government that other banks would see their depositors fully backstopped should the bank fail.

Sen. Sherrod Brown, chairman of the Senate Banking Committee, said in a letter to regulators that they should consider the role of social-media-led coordination among depositors.

The system of 11 regional banks issued a combined $137 billion of bonds and discount notes on Tuesday and Wednesday, after selling $112 billion on Monday, the largest single day of issuance in its 90-year history.