bank failures

Former executives from bankrupt Silicon Valley Bank and Signature Bank sought to explain the sequence of events that led to the two banks' failures in March before the Senate Banking, Housing and Urban Affairs Committee on Tuesday.  “We took risk management seriously,...

Jamie Dimon, the CEO and chairman of JPMorgan Chase & Co (NYSE: JPM), expressed concern about the impact of potential Federal Reserve overregulation on American banks. His remarks come in the wake of several significant banking failures this year, including Signature Bank (OTC: SBNY),...

The Federal Deposit Insurance Corporation said on Thursday that of the total cost of the failures of Silicon Valley Bank and Signature Bank, approximately $15.8 billion was attributable to the protection of uninsured depositors. FDIC stated that banking organizations with total assets over $50...

Futures Lower On Weak China Trade Data, Eyeing FOMC Minutes U.S. equity futures dropped slightly in early pre-market trade following some weak trade data from China for June. The world's second largest economy reported slower than expected growth in both exports and imports but a wider than...