The fallout continues from the collapse of two U.S. banks, Silicon Valley Bank and Signature Bank. Financial expert Rich Nichols joins the show to break down the impact of this situation the country's economy.
After more than a decade of historically low interest rates, the past 18 months have seen them rise rapidly across the world. Firms and individuals inevitably adopted behaviours that worked for them in the period of near-zero rates. However, those same behaviours may be disastrous now rates have risen.
The House is losing its top antitrust reform champion later this year when Rep. David Cicilline (D-R.I.) resigns. The congressman announced last month that he will retire from Congress in June to take a role as president and CEO of the Rhode Island Foundation, a community foundation and largest funder of nonprofit organizations in the…
SVB had opened its doors to such entrepreneurs, offering opportunities to form crucial relationships that had been out of reach.
Serious weaknesses first found in 2019, WSJ reports; FDIC reportedly to relaunch SVB sale this week in two parts
(Bloomberg) -- Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed
Efforts to reassure the public that First Republic is safe have so far been unsuccessful as bank's shares plunge.
I am 66 years old, still working and with very good health insurance. My company does not have a 401(k). I do have an individual retirement account (IRA) with approximately $120,000 invested. I contribute $272 per month, yet my program … Continue reading → The post Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution appeared first on SmartAsset Blog.
The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
You've probably heard time and again that it's important to have a rainy-day fund set up "just in case" something unexpected were to happen. But we're now at a time when having an emergency fund is...
The warehouse club shared some insight that might be useful for members and people who are considering joining the warehouse club.
The crisis of confidence affecting regional banks poses a serious risk to the economy, the billionaire entrepreneur warns.
When it comes to living expenses, the truth is that most Americans subsist on a very thin margin, even if their earnings are solid. A recent survey from LendingClub and PYMTS revealed that about 51%...
Credit Suisse’s fate is sealed, as Swiss rival UBS acquired the bank for 3 billion francs ($3.2 billion) in a historic deal that has shaken the financial sector. Credit Suisse (CS) (CH:CSGN) asked staff to return to work as usual this morning, but employees greeted the news that the 167-year-old bank will cease to exist with a mix of anger, surprise, tears and, in some cases, resignation that it had to happen, according to conversations with around a dozen staff at the bank. “Everyone is stunned by the speed of the downfall,” said another senior investment banker.
Credit unions provide many of the same financial services as banks but with different motivations — and with different repercussions when they fail.
The company focuses on providing financing to middle-market businesses. Ares Capital's portfolio currently includes 466 companies. Like all BDCs registered as regulated investment companies, Ares Capital returns at least 90% of its taxable income to shareholders to avoid paying federal taxes.
Broyhill Asset Management, a boutique investment firm, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The portfolio gained 1.3% net of fees and expenses in 2022 compared to a -18% return for the MSCI World Index. The portfolio compounded at 12.3% annually net of fees and expenses, since […]
If you plan to deposit $10,000 or more into your checking account, there are a few things you should consider first. By law, banks have to report deposits that exceed a certain amount. See: Do You...
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
The traditional retirement planning approaches no longer cover all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
The proposed all-share deal between Switzerland's two biggest banks is set to be signed as soon as Sunday evening, the report said, adding that the deal will be priced at a fraction of Credit Suisse's closing price on Friday. An offer was made on Sunday morning with a price of 0.25 Swiss francs ($0.27) a share to be paid in UBS stock, the newspaper said, citing people familiar with the matter. UBS has also insisted on a 'material adverse change' that voids the deal in the event its credit default spreads jump by 100 basis points or more, the report added.
