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Warren Buffett says letting Silicon Valley Bank customers go under would’ve been ‘catastrophic’

Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster…
Finance

Apple and fintechs like Robinhood chase yield-hungry depositors as Fed rate hikes continue

The technology industry is known for innovation and spawning the next big thing. But at a time of economic uncertainty…
Finance

HSBC defeats proposal to spin off its Asian business at contentious shareholder meeting

Banking giant HSBC on Friday defeated a proposal, backed by its largest stakeholder Chinese insurer Ping An, to consider spinning…
Finance

Americans haven’t been this worried about their bank deposits since the 2008 financial crisis

Recent events may be chipping away at confidence in the U.S. financial system, according to the findings of a Gallup…
Finance

There are limited options to fix the banking crisis, but one is gaining support

Finance

Watch: ECB President Christine Lagarde speaks after rate decision

[The stream is slated to start at 9:45 a.m. ET. Please refresh the page if you do not see a…
Politics

Deposition of JPMorgan CEO Dimon in Jeffrey Epstein lawsuits set for late May, source says

JPMorgan Chase CEO Jamie Dimon will be deposed in late May over two days for civil lawsuits accusing the giant…
Finance

The market is looking for the next ‘domino’ to fall, keeping banks under pressure

After an intense few days in which the fate of ailing lender First Republic was finally determined, veteran banking analyst…
Economy

After First Republic’s rescue, economists predict further pain with a ‘new era’ of higher inflation

After the rescue of First Republic Bank by JPMorgan Chase over the weekend, leading economists predict a prolonged period of…
Finance

Wall Street is cutting more jobs as Morgan Stanley plans 3,000 layoffs

As Wall Street’s slump in IPOs and mergers deepens this year, top advisory firms including Morgan Stanley, Bank of America…