PLUS: Yellen on bailout vs. protecting consumers
GOV'T STEMS BANKING CRISIS
Today's handpicked stories below. We love hearing from you, so keep the replies coming -- we incorporate your notes into our content and our thinking.
Will there be a First Republic bank run after Silicon Valley bank run? Here are some strengths and weaknesses of First Republic.
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First Republic Bank led a decline in bank shares Monday that came even after regulators' extraordinary actions Sunday evening.
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Banks believe Fed may press ahead with tougher rules that it was just beginning to discuss before SVB's meltdown
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Read Goldman Sachs on Fed's bank backstop plan and how these events cause Goldman to remove their outlook for 25 basis point Fed hike March 22.
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Biden issues statement on banking crisis, and says more is coming on Monday. Here's what he said on Sunday evening.
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Fed just approved protection for all SVB depositors, both insured and uninsured, saying "these actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy."
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Treasury, Federal Reserve, and FDIC jointly announced some details Sunday, March 12 about handling SVB and Signature Bank. Here is the letter in full.
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On March 12, bipartisan Congress members made 5 key requests to protect depositors in wake of SVB collapse. This includes raising FDIC insurance. Read their full letter.
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3500 tech firms representing 220k workers signed a petition for Treasury to backstop SVB depositors. A policy response is expected Sunday, March 12. Here's what we know so far.
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Here is a transcript of an interview with Treasury Secretary Janet Yellen on CBS with Margaret Brennan about plans after Silicon Valley bank failure
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