There is one hidden danger hanging over banks
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A customer exits Silicon Valley Bank's headquarters in Santa Clara, Calif., on Monday, March 13, 2023. The federal government intervened Sunday to secure funds for depositors to withdraw from Silicon Valley Bank after the bank's collapse. Dozens of individuals waited in line outside the bank to withdraw funds. (Benjamin Fanjoy/Online News 72h) There is one hidden danger hanging over banks Sarah Westwood March 31, 05:00 AM March 31, 05:00 AM Video Embed ...
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Jobless claims fall a day after Fed hikes rates again
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Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Applications for jobless aid for the week ending July 9 rose by 9,000 to 244,000, up from the previous week's 235,000, the Labor Department reported Thursday, July 14, 2022. First-time applications generally reflect layoffs. Analysts had expected the number to remain flat from the previous week. (Wayne Parry/Online News 72h) Jobless claims fall a day after Fed hikes rates again Zachary Halaschak March 23, 08:31 AM ...
SVB collapse: Influential lawmakers call to lift $250,000 cap on FDIC deposit insurance
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Sen. Elizabeth Warren, D-Mass., addresses a gathering during a campaign stop at the University of New Hampshire, Friday, Nov. 4, 2022, in Durham, N.H. Warren supported Sen. Maggie Hassan, D-N.H., Rep. Chris Pappas, D-N.H., and Democratic gubernatorial candidate Dr. Tom Sherman at the event. (Online News 72h Photo/Charles Krupa) SVB collapse: Influential lawmakers call to lift $250,000 cap on FDIC deposit insurance Zachary Halaschak March 21, 06:00 AM March 21, 06:16 AM ...
SVB collapse: Biden reassures Americans 'the banking system is safe'
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President Joe Biden speaks about the banking system in the Roosevelt Room of the White House, Monday, March 13, 2023 in Washington. Andrew Harnik/Online News 72h SVB collapse: Biden reassures Americans 'the banking system is safe' Christian Datoc March 13, 09:21 AM March 13, 10:10 AM Video Embed President Joe Biden sought to reassure the country Monday that the "banking system is safe" and that taxpayers would no...