SVB
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National Bank buying SVB’s Canadian commercial loan portfolioNational Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio. The deal is expected to close in the coming weeks.MoneyAug 1, 2023
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U.S. regulators vow to ratchet up rules, oversight for banks after recent failuresFed Vice Chair for Supervision Michael Barr said the agency was "carefully considering" rule changes for larger regional banks of over $100 billion in assets.EconomyMay 16, 2023
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Bank rules under review in wake of SVB failure, U.S. Fed official saysFed official Michael Barr said during a Senate Banking Committee hearing it is considering whether stronger bank rules are needed to prevent a similar bank failure in the future.U.S. NewsMar 28, 2023
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Getting inflation back to 2% has ‘long way to go’ and will be ‘bumpy’: PowellThe Fed would likely welcome slower growth, which would help cool inflation. But few economists are sure what the effects would be of a pullback in bank lending.MoneyMar 22, 2023
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Canada’s bank deposit insurance limits being reviewed after SVB collapse, trade group saysThe Bank and Trust Companies Association, which has called for coverage to be doubled, says the Canada Deposit Insurance Corporation is reviewing the current regime.MoneyMar 21, 2023
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U.S. banking system stabilizing, situation ‘very different’ from 2008 crisis: YellenIn a speech aimed at calming nerves rattled by two prominent bank failures this month, Janet Yellen said that the U.S. banking system was stabilizing.U.S. NewsMar 21, 2023
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UBS to buy Credit Suisse in effort to create stability, Swiss president saysSwiss president Alain Berset, who did not specify a value of the deal, called the announcement ``one of great breadth for the stability of international finance."WorldMar 19, 2023
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Credit Suisse and First Republic are the latest banks in peril. What’s happening?Credit Suisse and First Republic Bank are now in the spotlight after the collapse of Silicon Valley Bank. Why is risk spreading to bank after bank?MoneyMar 16, 2023
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Global stocks rally after First Republic, Credit Suisse get lifelineStocks flipped to gains Thursday amid hopes for help for a bank at the center of Wall Street's hunt for what's next to crack in the struggling industry.MoneyMar 16, 2023
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Amid bank crisis fears, Janet Yellen tells Congress banking system ‘remains sound’Janet Yellen is the first Biden administration official to face lawmakers over the decision to protect uninsured money at two failed regional banks.EconomyMar 16, 2023
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