One Thing: Breakdown of a Bank Collapse (and What It Means for You)

One Thing: Breakdown of a Bank Collapse (and ...

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5 Good Things: Meet the Olympic Athletes Already Making History

The Milan Cortina Winter Games have begun, and some athletes have already made history. We tell you how one state went from the bottom to the top for fourth grade reading and math. A project born out of a family’s loss hopes to save lives by publishing letters written by stranger ...  Show more

Nancy Guthrie Search, Dow’s Historic Milestone, Trump Shares Racist Video and more

TMZ’s founder reveals details about a purported ransom note in the suspected abduction of a “Today” show anchor’s mother. US stocks marked a record turnaround. Authorities made a new arrest in the 2012 Benghazi terror attack. Luigi Mangione made an outburst in court over a dramat ...  Show more

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What Does The Collapse of Silicon Valley Bank Mean For Your Money?
Big Take

The biggest bank failure since the 2008 financial crisis is stoking fears of a larger financial meltdown across regional US banks. Silicon Valley Bank, a key lender for startups and the tech industry, collapsed last week. As regulators take over, many people around the country ar ...  Show more

First Republic Teeters, Wages Rise
CNN Political Briefing

Federal regulators dissected Silicon Valley and Signature banks today, delivering post-mortems on last month’s banking crisis. But on Wall Street, the crisis is far from over, with shares of First Republic Bank plummeting amid fears it could go into receivership. CNN Political Di ...  Show more

Why the Banking Crisis Isn’t Over Yet
The Daily

In the past week, as spooked customers frantically withdrew $42 billion from Silicon Valley Bank, the U.S. government stepped in to craft a rescue operation for the failed lender.

But efforts to contain the crisis have met resistance, and the fallout of the collapse has ...

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The Banking Crisis Is Opening a New Chapter of Capitalism
Big Take

A lot has been said about the collapse of Silicon Valley Bank and Credit Suisse. But one important thing revealed by those closely scrutinized failures has largely gone unnoticed: the changing relationship between governments and banks.  Bloomberg Editor-In-Chief John Micklethwai ...  Show more