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Banks in Turmoil

As banks' strength and stability are put into question, we'll chart the failures, fallout and bailouts.

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Banks in Turmoil

Big banks reported a strong first quarter but are still bracing for economic downturn

by Henry Epp
Apr 21, 2023
The big banks made big money.
Big banks have done well despite the recent failures of Silicon Valley Bank and Signature Bank. 
REBECCA NOBLE/AFP via Getty Images
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Banks in Turmoil

Banks are borrowing less from the Federal Reserve

by Nancy Marshall-Genzer
Apr 14, 2023
That's good news, but banks are still borrowing a lot more from the Fed than they typically do.
New central bank data shows that banks borrowed about $9 billion less from the Fed in the week ending April 12, according to Krishna Guha, vice chair of Evercore ISI.
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Banks in Turmoil

Banks to start reporting quarterly earnings, providing clues about the economy

by Mitchell Hartman
Apr 13, 2023
First up: the biggest financial institutions. They're likely to show strong results.
Citibank is among the large financial institutions that will report results Friday. Considering recent instability in the sector, analysts will examine the data closely.
Andrew Caballero-Reynolds/AFP via Getty Images
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Banks in Turmoil

The history of “too big to fail”

by Kai Ryssdal and Maria Hollenhorst
Apr 13, 2023
In the wake of the Silicon Valley Bank debacle, the 1984 failure of Continental Illinois remains relevant.
The head offices of Bear Stearns, left, and JPMorgan Chase in New York in March 2008. After Bear went bust, JPM acquired its remains for a small sum.
Don Emmert/AFP via Getty Images
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Banks in Turmoil

Why we're paying extra attention to senior loan officers right now

by Kai Ryssdal and Andie Corban
Apr 11, 2023
The recent banking turmoil could further tighten credit conditions and slow down the economy.
Kent Belasco of Marquette University believes the recent bank failures are isolated, but "it does have an impact on the banking industry as a whole."
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Banks in Turmoil

A month after liquidity shock, how's banks' lending business looking?

by Justin Ho
Apr 6, 2023
A Dallas Fed survey found signs that banks are pulling back on loans. High rates may also be dampening interest among borrowers.
Deposits have been falling, and banks are "nervous about their own liquidity," says Mayra Rodriguez Valladares of MRV Associates.
Kevin Dietsch/Getty Images
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Banks in Turmoil

People have moved billions from bank accounts to money market funds. What are those?

by Sabri Ben-Achour
Apr 5, 2023
This type of mutual fund invests in short-term, low-risk debt. Currently they're earning higher interest than savings accounts.
Depositors have been moving cash into money market mutual funds in search of higher interest income as well as safety because of the shaky condition of some banks.
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Banks in Turmoil

Has the banking crisis been a boon for crypto?

by Lily Jamali
Apr 3, 2023
Bitcoin and other digital currencies are riding a wave of momentum that started last month after tumult in the banking industry.
Bitcoin came into being after the Great Recession. Its price rallied after recent bank turmoil.
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Banks in Turmoil

Why banks are reluctant to borrow at the Fed's "discount window"

by Sabri Ben-Achour
Mar 31, 2023
There's a stigma attached to the emergency lending program.
The Federal Reserve's discount window is a "safety valve" that can stabilize troubled banks, says Bill Nelson of the Bank Policy Institute.
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Banks in Turmoil

So how are consumers feeling about the economy post-SVB?

by Matt Levin
Mar 30, 2023
It may be hard to tell from some data out Friday, which is for February. But we may still get a read on whether consumer sentiment is changing.
February consumer spending numbers will show whether January's spending numbers were an anamoly.
Spencer Platt/Getty Images
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