Calamos Supports Greece

banking crisis

First Citizens Bank to Buy Silicon Valley Bank Deposits and Loans

First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, potentially calming markets after the biggest U.S. banking collapse since Lehman Brothers. The deal includes purchasing approximately $72...

What is Systemic Risk and How Does it Lead to a Banking Crisis?

By Spiros Bougheas The recent collapse of Silicon Valley Bank (SVB), a regional US bank that funded start-up companies in the technology and innovation sector, has created a worldwide wave of financial instability. Despite the efforts of US financial regulators to...

US Raises Interest Rates Despite Banking Crisis

The US central bank has raised its key interest rate by 0.25 percentage points, despite fears that the move could aggravate the global banking crisis. Wednesday's rate rise is the ninth in a row by the Fed. It lifts its...

Will First Republic Bank Survive the Storm?

Shares of First Republic Bank continued their free-fall despite a rare move by the biggest U.S. banks to pump $30 billion into the regional lender. The company's stock plunged more than 47% on Monday, while trading was halted numerous times...

Bitcoin Surges as Crisis Hits Global Banking

Bitcoin was close to nine-month highs on Monday and had its best week in four years as the global banking crisis drives some investors to turn to digital assets. The biggest cryptocurrency by market value hit its highest since June...

Credit Suisse Borrows $54bn from Central Bank as Fears of Global Crisis Grow

Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown. Shares in Credit Suisse fell 24 percent...

Biden Promises Stricter Banking Regulations After SV Bank Collapse

On Monday, United States President Joe Biden sought to reassure Americans that the banking system is "safe" following the collapse of Silicon Valley Bank (SVB). The president also promised to introduce new banking regulations and made further assurances to United...

Dexia Receives Injection On Grexit Fears

Dexia, a Franco-Belgian bank, will receive another stimulus package from Belgium and France, due to heavy losses during the previous term. The extra funding is estimated at 5.5 billion euros ($7 billion) and is only one of many stimulus...