Signature Bank

Investment tycoon Warren Buffett has said that messaging from the U.S. government over the regional banking crisis had been "poor," suggesting that is why confidence has not returned among consumers.    

Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.

The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago.

Proposals from the EU's executive seek to ensure that banks hold enough resources, in particular debt that can be written down to release cash in a crisis, to avoid taxpayer handouts.

The Federal Reserve extended its year-long fight against high inflation on March 22 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.

The global financial system will not collapse from the turbulence caused by the demise of Silicon Valley Bank, Signature Bank and the problems facing Credit Suisse, as governments and the relevant international institutions have learned from the past; however, there will be further problems in the markets, as high inflation makes it difficult to manage the situation, the president of Eurasia Gr

U.S. central bankers face an unenviable task when they gather in Washington this week: Tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

A group of mid-sized US banks has called on US federal regulators to guarantee all their customers' deposits for 2 years, even if they are above the guaranteed deposit limit of up to 250,000 dollars. The aim is to avoid the "phenomenon of contagion" after the bankruptcy of Silicon Valley Bank (SVB), reports "Bloomberg", quoted by AFP and BTA.

The Swiss bank Credit Suisse will take a short-term loan of up to 50 billion Swiss francs from the Swiss National Bank.

The bank, whose shares collapsed yesterday on the Swiss stock exchange, announced in parallel a series of debt buybacks for around 3 billion Swiss francs. Yesterday, the bank's share price fell by 24.24 percent.

The turmoil in the US banking sector following the collapse of Silicon Valley Bank (SVB) should have only a limited impact on European banks, which are organized differently, said ratings agencies Moody's and S&P Global on Tuesday, AFP reported.

Bank shares around the world collapsed despite assurances from US President Joe Biden that the US financial system is safe, the BBC reported.

The decline in the stock's value comes after Biden vowed to do whatever it takes to protect the banking sector following the collapse of Silicon Valley Bank and Signature Bank.