Latest Signature Bank News
Wall Street ends higher, marking 2nd winning week in a row
A late-afternoon turnaround on Wall Street left stocks higher Friday as the market shook off a weak start amid worries about banks on both sides of the Atlantic. The S&P 500 rose 0.6% after slipping for most of the morning. The benchmark index marked its second straight weekly...
Deutsche Bank shares drop amid global jitters over banks
FRANKFURT, Germany (AP) — Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. ...
Lawmakers tell ex-CEOs 'you must answer' for bank failures
WASHINGTON (AP) — Leaders of the Senate's banking committee on Thursday warned former chief executive officers at the failed Silicon Valley Bank and Signature Bank that they expect them to testify before the panel, saying in a letter to each: “you must answer for the bank's downfall.” ...
Biden approval dips near lowest point: AP-NORC poll
WASHINGTON (AP) — Approval of President Joe Biden has dipped slightly since a month ago, nearing the lowest point of his presidency as his administration tries to project a sense of stability while confronting a pair of bank failures and inflation that remains stubbornly high. ...
Editorial Roundup: New York
New York Post. March 22, 2023. Editorial: Bloomberg buys ads supporting Hochul’s agenda: Good Ex-Mayor Mike Bloomberg has donated five or so of his many millions to a group running ads in support of Gov. Kathy Hochul’s budget proposals. We hope it...
Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. At a news conference,...
Americans' faith in banks low after failures: AP-NORC poll
WASHINGTON (AP) — Only 10% of U.S. adults say they have high confidence in the nation’s banks and other financial institutions, a new poll finds. That's down from the 22% who said they had high confidence in 2020. Following the collapse of Silicon Valley Bank this month, the poll...
Public pension plan losses from bank failures seen as minor
When two tech-linked U.S. banks failed this month, among the investors who lost millions were public-sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. The pension funds, like others, have reaped the benefits of bull...
Editorial Roundup: United States
Excerpts from recent editorials in the United States and abroad: March 15 The Washington Post on voter fraud: A 59-year-old man was arrested last week for allegedly double voting in the 2020 presidential election. Florida authorities brought the felony...
Yellen says bank situation stabilizing, different from 2008
WASHINGTON (AP) — Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements “could be warranted” if any new failures at smaller institutions jeopardize financial stability. ...
