Hi, what do you want to do?
Summers 'Disappointed' With Delays in First Republic Resolution
Former Treasury Secretary Lawrence Summers says he is "surprised and disappointed" that US regulators and banking giants don't have a solution yet for troubled lender First Republic Bank. Summers speaks on Bloomberg Television's "Wall...
First Republic Shares Plunge to Record Low
First Republic Bank plunged to a record low as investors sorted through rescue scenarios, none of which is likely to be good for current shareholders. Bloomberg's Sonali Basak reports.
Follow Bloomberg for business news &...
Follow Bloomberg for business news &...
First Republic Said to Face Potential Fed Borrowing Curb
US regulators are said to be weighing the prospect of downgrading the private assessments of First Republic Bank, a move that could curb the bank's access to the Federal Reserve's lending facilities. Katanga Johnson reports on Bloomberg...
Regulators Could Downgrade Assessments of First Republic
US bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank a move that may curb the troubled firm's access to Federal Reserve lending facilities. Bloomberg's Sally Bakewell...
Carson Block: SVB Depositors Should've Taken Haircuts
Muddy Waters founder and CEO Carson Block says the Silicon Valley Bank issue ended up being a bailout of venture capital funds on "Bloomberg Markets: The Close."
Follow Bloomberg for business news & analysis,...
Follow Bloomberg for business news & analysis,...
Deposit Guarantees May Not Be Needed: Schwab's Jones
The recent banking issues can be resolved without deposit guarantees but "a lot of work has to go into it," Kathy Jones, Schwab Center for Financial Research's chief fixed income strategist, says during an interview with Jonathan...
Schwab's Jones Expects 'Fairly' Quick Credit Tightening
Kathy Jones, Schwab Center for Financial Research's chief fixed income strategist, says most banks will be "cautious" going forward amid the recent banking turmoil during an interview with Jonathan Ferro on "Bloomberg The...
Sen. Michael Bennet (D) Colorado on TikTok CEO
Sen. Michael Bennet (D) Colorado gives his thoughts on crypto regulation, and on TikTok CEO Shou Zi Chew ahead of Chew testifying in front of the US House Committee on Energy and Commerce Thursday. Senator Bennet speaks with Annmarie...
Yellen: Not Time Yet to Debate FDIC Cap Increase
"Right now we have to focus on improving the confidence of the public that we do have a sound banking system," US Treasury Secretary Janet Yellen says during testimony before the Senate Financial Services and General Government...
Yellen: Not Considering Broad Deposit Insurance Increase
A move to back all bank deposits with FDIC insurance is "not something that we have looked at," Treasury Secretary Janet Yellen says during testimony before the Senate Financial Services and General Government...
PacWest Secures $1.4 Billion Lifeline
PacWest Bancorp secured $1.4 billion in cash from a financing facility from Atlas SP Partners and abandoned a separate push to raise capital after its customers pulled more than 20% of total deposits this year. Shares dropped in...
Sen. Ben Cardin (D) Maryland on Potential Changes to the FDIC
Senator Ben Cardin (D) Maryland discusses what changes could be made to the FDIC, along with his remarks on the US accelerating M1 Abrams tanks to Ukraine. Cardin speaks with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of...
US Backstops Bank Deposits to Avert Crisis After SVB Collapse: What's Next?
US regulators are moving swiftly to assure depositors their money is safe following the collapse of Silicon Valley Bank. Bloomberg's Shery Ahn explains the latest from the fallout.
Former FDIC Chair Isaac: This Is a Bailout
Former FDIC Chair William Isaac says the government is bailing out banks SVB and Signature Bank. He says he is not worried about the banking sector. He speaks on "Bloomberg Markets."
Follow Bloomberg for business news &...
Follow Bloomberg for business news &...
President George W. Bush gives a statement on the US economy
1. President George W. Bush walks to the podium from the White House
2. SOUNDBITE: (English) George W. Bush, President of the United States of Ame
rica:
"Good morning. I just completed a meeting with my working group...
2. SOUNDBITE: (English) George W. Bush, President of the United States of Ame
rica:
"Good morning. I just completed a meeting with my working group...
Biden Says He'll Push for More Bank Regulation
With the collapse of Silicon Valley Bank and Signature Bank, President Joe Biden said he would ask Congress and banking regulators "to strengthen the rules for banks to make it less likely this kind of bank failure would happen...
SVB Will Not Stop Fed From Hiking: Citigroup's Apabhai
Mohammed Apabhai, head of Asia trading strategy at Citigroup Global Markets, discusses the SVB meltdown, Federal Reserve policy and his outlook for markets. He speaks on Bloomberg Television.
Crypto Trades at Risk After Bank Shutdowns
The digital-asset market is coming off of a turbulent year featuring a number of high-profile blow ups. Now, two shutdowns in the banking industry SVB Financial Group's Silicon Valley Bank and Silvergate Capital Corp.- have set off a...
US Backstops Bank Deposits to Avert Crisis After SVB Collapse
US authorities are preparing emergency measures to shore up banks and ensure they can meet potential demands by their customers to withdraw money. The Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. are...
NY's Hochul: Signature Bank Rescue Is 'Not a Bailout'
New York Governor Kathy Hochul says the takeover of Signature Bank by federal regulators on Sunday "was not a bailout" that would come from taxpayer funds. "The banks are open, everything is fine. Now the FDIC is in charge of the bank,"...
Americans Can Have Confidence Banking System Is Safe: Biden
President Joe Biden says he will seek stronger regulations for banks as he explains the actions taken by government agencies in the wake of the failure of Silicon Valley Bank. Biden delivered the comments Monday at the White House.
Brex Cash Simplifies Customer Finances, Co-CEO Dubugras Says
Oct.04 -- Henrique Dubugras, Brex Inc. co-chief executive officer, discusses the startup's new cash management system called Brex Cash. He speaks with Bloomberg's Taylor Riggs on "Bloomberg Technology."
Mnuchin: Will Work to Reduce Overlapping Bank Regulation
Jan.19 -- Steven Mnuchin, President-Elect Donald Trump's nominee for Treasury secretary, discusses banking regulation at his confirmation hearing before the Senate Finance Committee.
Rodgin Cohen on Volcker Rule, Financial Regulation
Jan.23 -- Rodgin Cohen, senior chairman at Sullivan & Cromwell, examines the potential changes to financial regulation by President Donald Trump, the importance of fighting money laundering, and the entities in charge of enforcing...