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Banking industry

Banks in Turmoil

Banks may become more selective about who gets loans

by Samantha Fields
Mar 21, 2023
The collapse of SBV could lead to increased scrutiny around potential risks for banks.
After the collapse of Silicon Valley Bank and Signature Bank, financial institutions may become more selective about who gets loaned money.
Spencer Platt/Getty Images
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Banks in Turmoil

Is Switzerland still synonymous with safe banking?

by Stephanie Hughes
Mar 20, 2023
Switzerland’s reputation for secure, secret banking goes back to at least WW I. But its banks have changed over time, with mixed results.
UBS was reportedly worried that if Credit Suisse went bankrupt, it could have threatened the image of Swiss banking.
Fabric Coffrini/AFP via Getty Images
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Banks in Turmoil

Increased scrutiny on banks raises specter of tightening credit

by Savannah Maher
Mar 16, 2023
Banks may get stingier and more selective with loans, and that could hurt businesses that need them.
Smaller businesses often turn to small and midsize banks to help expand their operations. But those banks may be getting more selective with loans.
Drazen Zigic/Getty Images
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Banks in Turmoil

"Financial conditions" are closely watched by the Fed — and at the moment, very complicated

by Mitchell Hartman
Mar 16, 2023
"Financial conditions" lately have been anything but simple.
Fed Chair Jerome Powell has been used the phrase "financial conditions" 29 times in his last three press conferences.
Saul Loeb/AFP via Getty Images
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Silicon Valley Bank Collapse

Peers not lining up to buy Silicon Valley Bank's problems. Neither are the giants.

by Kai Ryssdal and Nicholas Guiang
Mar 15, 2023
SVB has a "$15 billion hole," says Semafor’s Liz Hoffman. Banks big enough to take on the challenge were initially not invited to bid.
"I don't think there's a lot of appetite for big-bank CEOs" to acquire the failed SVB, Semafor's Liz Hoffman says.
Justin Sullivan/Getty Images
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For Community Development Financial Institutions, new rules are on the way

by Savannah Maher
Mar 7, 2023
The Treasury is changing the certification process for the first time in more than two and a half decades.
New requirements by the Treasury Department would tighten the mission of CDFIs by requiring money to go toward the most financially underserved groups.
John Moore/Getty Images
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Fourth-quarter reports show some big banks are saving for a recession

by Mitchell Hartman
Jan 13, 2023
In the face of high inflation, rising interest rates and a slowing global economy, banks are setting aside reserves — just in case.
Bank of America told investors Friday that it generated a 2% profit bump last quarter. Many big banks have been squirreling away cash to prepare for an economic downturn.
Brandon Bell/Getty Images
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I've Always Wondered ...

Why is there still a need for physical bank branches?

by Janet Nguyen
Nov 18, 2021
Even as online banking has become more common, having face-to-face interaction with consumers is still important.
Pedestrians walk by a Chase bank on July 13, 2021 in San Francisco, California.
Justin Sullivan/Getty Images
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rural America

Rural bank branches more scarce than ever

by Kimberly Adams
Dec 3, 2019
The Federal Reserve found that over 40% of rural counties lost bank branches in the five years to 2017.
Saul Loeb/AFP/Getty Images
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Banks are raking in dough, analysts say, and their earnings are expected to confirm that

by Ryan Kailath
Oct 11, 2017
On Thursday, we’ll know how the big banks are doing when earnings reports come out for the third quarter. Most analysts are expecting record profits of more than $21 billion. Click the audio player above to hear the full story.
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