Bank collapse crisis
Follow the latest Bank collapse crisis news, videos, and analysis from ABC News.
1 year ago

Sen. Tim Scott calls on Fed to fire staff over Silicon Valley Bank failure

The financial stress continues to weigh on the banking system.
1 year ago
The financial stress continues to weigh on the banking system.
1 year ago

'Who did you fire?': Senator calls for firings at Fed over Silicon Valley Bank

The demand came during Senate testimony from a senior Fed official.
1 year ago
Senator Tim Scott (R-SC) speaks during the Senate Banking, Housing, and Urban Affairs Committee hearing on the failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, DC, on May 16, 2023.
1 year ago

'You made a really stupid bet': Senator slams former SVB CEO

Senators from both parties accused former Silicon Valley Bank CEO Greg Becker of mismanagement that they said was fueled by short-term profits.
1 year ago
Senators from both parties accused former Silicon Valley Bank CEO Greg Becker of mismanagement that they said was fueled by short-term profits.
1 year ago

'Really stupid bet': Senator slams Silicon Valley Bank CEO

Senators from both major parties sharply criticized the Silicon Valley Bank CEO in a hearing on Tuesday.
1 year ago
Former CEO of Silicon Valley Bank Gregory Becker takes his seats as he arrives for a Senate Banking Committee hearing on Capitol Hill, May 16, 2023, in Washington, D.C.
1 year ago

FDIC proposes new fees on big banks to cover the losses of recent bank collapses

Plus, Peloton is recalling more than 2 million bikes due to issues with the seat post, and Wendy’s is partnering with Google on an AI chatbot to take orders at the drive thru.
1 year ago
VIDEO: FDIC proposes new fees on big banks to cover the losses of recent bank collapses
1 year ago

PacWest shares plummet after bank says it lost 9% of deposits last week

The sharp decline of PacWest stock prompted a pause in trading of its shares.
1 year ago
A Pacific Western Bank branch is seen on March 10, 2023, in Los Angeles.
1 year ago

PacWest shares plummet sparking renewed concerns of financial woes

The bank saw a 20% drop in shares after reporting it lost 9.5% of its deposits last week.
1 year ago
The bank saw a 20% drop in shares after reporting it lost 9.5% of its deposits last week.
1 year ago

US adds 253,000 jobs in April

The better-than-expected report comes as concerns of a banking crisis intensifies as PacWest Bancorp said it is exploring “all options” from potential investors.
1 year ago
VIDEO: US adds 253,000 jobs in April
1 year ago

Is PacWest Bank on the brink of collapse? Experts weigh in after shares plummet 50%

PacWest is exploring "all options," the bank said.
1 year ago
Pacific Western Bank in Huntington Beach, California.
1 year ago

Is PacWest Bank on the brink of collapse?

The Los Angeles-based midsized lender is exploring “all options," the bank said.
1 year ago
The Los Angeles-based midsized lender is exploring “all options," the bank said.
1 year ago

Fed raises interest rates 0.25%, escalating inflation fight

Rate hikes have contributed to a banking crisis and economic slowdown this year.
1 year ago
Federal Reserve Board Chairman Jerome Powell listens during an open session of a Financial Stability Oversight Council meeting at the Department of the Treasury, April 21, 2023, in Washington, DC.
1 year ago

Former FDIC chair on banking system: 'I don't think people should be worried'

ABC News’ Linsey Davis spoke with Sheila Bair, the former chair of the Federal Deposit Insurance Corporation, on JPMorgan Chase taking over First Republic Bank and what it means for the economy.
1 year ago
VIDEO: Former FDIC chair on banking system: 'I don't think people should be worried'
1 year ago

First Republic Bank seized by regulators, sold to JPMorgan

JPMorgan Chase will assume all the assets of the recently failed financial institution.
1 year ago
VIDEO:  First Republic Bank seized by regulators, sold to JPMorgan
1 year ago

First Republic Bank sale: Was it a bailout?

The bank was sold to JPMorgan Chase by the U.S. government.
1 year ago
The bank was sold to JPMorgan Chase by the U.S. government.
1 year ago

First Republic Bank fails: Was it a bailout?

The First Republic rescue included $50 billion in financing from a U.S. agency.
1 year ago
A sign for a First Republic Bank location is shown in San Francisco, April 25, 2023.
1 year ago

First Republic bank collapses, JPMorgan to take over, FDIC says

JPMorgan Chase is set to take on “all of the deposits and substantially all of the assets of First Republic Bank” after the FDIC confirmed that the bank had collapsed.
1 year ago
FILE - First Republic Bank signs and logos are displayed on a branch on April 26, 2023, in Wellesley, Mass. Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday, May 1.
1 year ago

JPMorgan Chase bails out First Republic Bank

ABC News’ Alexis Christoforous breaks down JPMorgan Chase’s acquisition of First Republic Bank, one of the financial institutions rocked by the failure of Silicon Valley Bank earlier this year.
1 year ago
VIDEO: JPMorgan Chase bails out First Republic Bank
1 year ago

First Republic bank fallout: What you need to know

The Federal Deposit Insurance Corporation said the JPMorgan Chase deal avoids the agency having to use its emergency powers and would minimize disruptions for customers.
1 year ago
VIDEO: First Republic bank fallout: What you need to know
1 year ago

JPMorgan Chase to take over First Republic Bank after collapse

First Republic Bank has become the third bank to fail in recent months and JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insurance Corporation
1 year ago
VIDEO: JPMorgan Chase to take over First Republic Bank after collapse
1 year ago

First Republic Bank on the brink of collapse

Federal regulators are trying to find a buyer for the struggling bank before Asian markets open.
1 year ago
VIDEO: First Republic Bank on the brink of collapse
1 year ago

Deal to take over First Republic Bank could come soon

Regulators are working through the weekend to try to find a buyer for First Republic bank.
1 year ago
VIDEO: Deal to take over First Republic Bank could come soon
1 year ago

Federal regulators race to seize and sell First Republic Bank

Federal regulators are racing to seize and sell First Republic Bank as soon as this weekend, a source familiar with the matter told ABC News.
1 year ago
A branch of the First Republic Bank is shown in Boston, on April 28, 2023.
1 year ago

Federal Reserve says it 'failed' in run up to Silicon Valley Bank collapse

"Supervisors failed to take forceful enough action,” the Federal Reserve report said.
1 year ago
The SVB Private logo is displayed outside of a Silicon Valley Bank branch in Santa Monica, Calif., March 20, 2023.
2 years ago

The Fed releases report on what went wrong with Silicon Valley Bank

A pair of reports detail shortfalls leading up to the collapse of Silicon Valley Bank. The Federal Reserve is, in part. blaming itself for the second biggest bank failure in U.S. history.
2 years ago
VIDEO: The Fed releases report on what went wrong with Silicon Valley Bank
2 years ago

Is the banking crisis over? Experts weigh in as another major bank’s shares plunge

A falloff in the share price of First Republic Bank plummeted renewed fears of a banking crisis.
2 years ago
People walk near one of the First Republic Bank branches in New York, April 28, 2023.
2 years ago

Fed says 'it failed' in run-up to Silicon Valley Bank collapse

The Fed sharply criticized leadership at Silicon Valley Bank, but a report also faulted the Fed's lax oversight and an inability to anticipate the systemic threat posed by the bank's failure.
2 years ago
VIDEO: Fed says 'it failed' in run-up to Silicon Valley Bank collapse
2 years ago

Federal Reserve admits it failed to prevent Silicon Valley Bank collapse

Meanwhile, the White House says it won’t negotiate with Republicans when it comes to raising the debt ceiling.
2 years ago
VIDEO: Federal Reserve admits it failed to prevent Silicon Valley Bank collapse
2 years ago

FDIC releases report on Signature Bank failure

ABC News’ Elizabeth Schulze breaks down the report finding bank managers failed to manage the bank’s risk.
2 years ago
VIDEO: FDIC releases report on Signature Bank failure
2 years ago

Federal Reserve says it 'failed' in run up to Silicon Valley Bank collapse

Silicon Valley Bank's collapse set off a financial panic that led to the failure two days later of Signature Bank.
2 years ago
VIDEO: Federal Reserve says it 'failed' in run up to Silicon Valley Bank collapse
2 years ago

Federal Reserve releases review of the collapse of Silicon Valley Bank

Elizabeth Schulze and Alexis Christoforous discuss a Federal Reserve review finding Silicon Valley Bank leadership failed to manage the bank’s risk but also finding fault with the Fed on oversight.
2 years ago
2 years ago

Who’s to blame for banking crisis?

The Federal Reserve is expected to release a new report that could shed light on what triggered the collapse of Silicon Valley Bank and Signature Bank. ABC News’ Lindsay Watts explains.
2 years ago
VIDEO:  Who’s to blame for banking crisis?
2 years ago

First Republic Bank deposits plunge following March banking crisis

Plus, McDonald’s reports higher than expected sales last quarter credited to successful marketing, and General Motors raises its profit outlook after first quarter earnings exceed expectations.
2 years ago
VIDEO: First Republic Bank deposits plunge following March banking crisis
2 years ago

JP Morgan CEO on banking crisis: The risks were hiding in plain sight

Plus, British billionaire Richard Branson’s rocket company has filed for bankruptcy, and some major automakers are seeing a rebound in sales as supply chains bounce back after the pandemic.
2 years ago
VIDEO: JP Morgan CEO on banking crisis: The risks were hiding in plain sight
2 years ago

Senate grills banking regulators on SVB failure

The Senate Banking Committee questioned officials from the Federal Reserve, FDIC and Treasury Department Tuesday.
2 years ago
The Senate Banking Committee questioned officials from the Federal Reserve, FDIC and Treasury Department Tuesday.
2 years ago

Bank regulators blame SVB collapse on 'textbook' mismanagement during Senate grilling

One Democrat asked: "Did the Fed drop the ball because it didn't see the risks?"
2 years ago
Federal Reserve Board Vice Chair for Supervision Michael Barr listens to participants at a hearing at the Federal Reserve building, Sept. 23, 2022, in Washington.
2 years ago

Banking regulators: Silicon Valley Bank failure caused by mismanagement

Regulators from the FDIC, Federal Reserve and Treasury Department are testifying before the Senate Banking Committee on the recent bank crashes.
2 years ago
VIDEO: Banking Regulators: Silicon Valley Bank failure caused by mismanagement
2 years ago

Bank regulators testifying on Capitol Hill about recent bank collapses

Officials from the FDIC, Treasury Department and the Federal Reserve are hashing through the recent bank crashes before the Senate banking committee.
2 years ago
VIDEO: Bank regulators testifying on Capitol Hill about recent bank collapses
2 years ago

First Citizens Bank reaches deal to buy Silicon Valley Bank after collapse

The North Carolina bank acquired all of SVB’s deposits, loans and branches and all SVB locations opening Monday under the new name.
2 years ago
VIDDEO: First Citizens Bank reaches deal to buy Silicon Valley Bank after collapse
2 years ago

Silicon Valley Bank assets to be sold to First Citizens, FDIC says

First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said.
2 years ago
A customer takes a photograph of a newly posted letter at the Silicon Valley Bank headquarters in Santa Clara, Calif., March 13, 2023.
2 years ago

First Citizens to buy Silicon Valley Bank

First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said.
2 years ago
VIDEO: First Citizens to buy Silicon Valley Bank
2 years ago

US banking system 'sound and resilient,' Fed Chair Jerome Powell says

Fed Chair Jerome Powell made the comments on Wednesday after the Fed raised interest rates 0.25%.
2 years ago
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill, March 7, 2023, in Washington.
2 years ago

Yellen says bank ‘situation is stabilizing’

Treasury Secretary Janet Yellen said the “U.S. banking system remains sound” at the American Bankers Association summit on Tuesday.
2 years ago
Treasury Sec. Janet Yellen said the “U.S. banking system remains sound” at the American Bankers Association summit on Tuesday.
2 years ago

Yellen says bank 'situation is stabilizing'

Treasury Secretary Yellen said Tuesday that "the situation is stabilizing and the U.S. banking system remains sound," in remarks to the American Bankers Association.
2 years ago
Treasury Secretary Janet Yellen takes questions on the Biden administration's plans, following the collapse of three U.S. lenders, on Capitol Hill in Washington, March 16, 2023.
2 years ago

Treasury Secretary Janet Yellen assures that American’s money is safe in the banks

This boost of confidence comes as the Federal Reserve is set to release its decision on the direction of interest rates.
2 years ago
VIDEO: Treasury Secretary Janet Yellen assures  that American’s money is safe in the banks
2 years ago

Another lifeline may come for First Republic Bank as JPMorgan Chase steps up to help

Investors are now turning their attention to the Federal Reserve, which is set to announce its next interest rate decision.
2 years ago
VIDEO: Another lifeline may come for First Republic Bank as JPMorgan Chase steps up to help
2 years ago

How the banking crisis is threatening the fight against inflation

The Fed’s main tool in fighting inflation could be putting financial institutions at risk.
2 years ago
The Fed’s main tool in fighting inflation could be putting financial institutions at risk.
2 years ago

Viewer questions answered amid banking crisis

ABC News' chief economics correspondent Rebecca Jarvis and consumer correspondent Becky Worley team up to address concerns over banks, inflation and more.
2 years ago
VIDEO: Viewer questions answered amid banking crisis
2 years ago

Fed was aware of Silicon Valley Bank problems more than a year before its collapse

The Federal Reserve cautioned Silicon Valley Bank on multiple occasions, ABC News confirmed.
2 years ago
The Silicon Valley Bank logo is seen at an open branch in Pasadena, Calif., March 13, 2023.
2 years ago

Federal Reserve was aware of SVB problems ahead of collapse

The Fed identified significant vulnerabilities at the bank.
2 years ago
The Fed identified significant vulnerabilities at the bank.
2 years ago

Wall Street strengthens after big bank deal

Banks around the world announced coordinated moves meant to ease banking fears.
2 years ago
VIDEO: Wall Street strengthens after big bank deal