Wonderscape
The End of the Great Depression and the Impact of FDR’s New Deal
This video outlines how FDR's New Deal programs helped stabilize the US economy during the Great Depression. It also discusses the United States' entry into World War II and how the increased demand for workers contributed to the...
One Minute History
171 - FDIC - One Minute History
The Federal Deposit Insurance Corporation or FDIC, was created in 1933 to restore confidence after excessive bank failures during the Great depression. The FDIC does not cover investments such as stocks or bonds but it does insure bank...
Bloomberg
Must Fix Deposit Systems: Isaac
Bill Isaac, former FDIC Chairman discusses US regulations on big banks. He speaks with Romaine Bostick and Scarlet Fu on Bloomberg Markets: The Close.
Bloomberg
US Biggest Banks Face 19% Boost in Capital Mandates
US regulators have unveiled plans to impose even tighter capital rules on big banks. Vonnie Quinn reports on Bloomberg Television.
Bloomberg
US Banks' $118 Billion Buffer Likely Wiped Out by New Rules
Wall Street's biggest banks are preparing for new regulations that could erase more than $100 billion in excess capital built up over the past decade. Vonnie Quinn reports on Bloomberg Television.
Bloomberg
Bostic Says Fed Liquidity May Need to Be More Nimble
Federal Reserve Bank of Atlanta President Raphael Bostic says there are operational challenges when it comes to a 24/7 discount window at an event hosted by the Federal Reserve Bank of Richmond.
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Bloomberg
KBW CEO Says More Bank Laws Aren't Needed in Wake of SVB
KBW President and CEO Tom Michaud discusses the industry implications of the recent bank crisis with Romaine Bostick on "Bloomberg Markets: The Close."
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Bloomberg
Banks Tap $165 Billion From Fed to Backstop Liquidity
Banks borrowed a record high combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, up from $4.58 billion the previous week. Kriti Gupta reports on Bloomberg Television.
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Bloomberg
Still Seeing Potential for More Fed Hikes to Come: Kotecha
Mitul Kotecha, head of EM Strategy at TD Securities, discusses Federal Reserve policy following the collapse of Silicon Valley Bank, liquidity in markets and US inflation. He speaks on Bloomberg Television.
Bloomberg
Fed's Barr, in Prepared Remarks, Says Banks Are 'Sound'
Federal Reserve Vice Chair for Supervision Michael Barr says regulators "will continue to closely monitor conditions in the banking system and are prepared to use all of our tools for any size institution, as needed." Barr is scheduled...
Bloomberg
Biden Says US Banks Are in 'Pretty Good Shape'
"I don't see anything that's on the horizon that's about to explode," President Joe Biden says during a joint news conference with Canadian Prime Minister Justin Trudeau.
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Bloomberg
Takeaways From Two Days of Bank Failure Hearings
Dennis Kelleher, Better Markets CEO, talks about what he's learned from two days of hearings on Capitol Hill about the recent bank failures. He's on "Wall Street Week Daily."
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Bloomberg
FDIC Might Ask Big Banks to Plug $23 Billion Hole
The Federal Deposit Insurance Corp., facing almost $23 billion in costs from recent bank failures, may ask big banks to pitch in and shore up a special insurance fund. Bloomberg's Hannah Levitt reports.
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Bloomberg
Crossmark's Bob Doll Calls Market Rally Encouraging
"I think we're passed the worst of the bank crisis...but that doesn't mean we're passed all of the issues related to what the Fed has done in the last 12 months," Crossmark Global Investments CIO Bob Doll says on "Bloomberg Markets: The...
Bloomberg
Rep. McHenry Grills Regulators on SVB Awareness
US Representative Patrick McHenry grills Treasury Undersecretary for Domestic Finance Nellie Liang, Federal Reserve Vice Chair for Supervision Michael Barr and FDIC Chair Martin Gruenberg on the timing of their awareness of the impending...
Bloomberg
Bank Crisis Has Opened Pandora's Box: TD's Misra
"There are massive unrealized losses sitting on bank balance sheets," TD Securities Global Head of Rates Strategy Priya Misra says. Speaking during an interview with Jonathan Ferro on "Bloomberg The Open," Misra advises investors to own...
Bloomberg
Takeaways From Senate Banking Hearing
Bloomberg's Megan Scully and Katanga Johnson discuss the takeaways from today's Senate bank hearing, and whether or not bank regulation is a possibility. They speak with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of Power."
Bloomberg
Brown Says Regulators Let Banks Get Too Big Too Fast
Senator Sherrod Brown, a Democrat from Ohio, says executives of failed banks need to pay the price. He speaks at a Senate hearing on the recent bank failures.
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Bloomberg
US Bank Deposits Fall Sharply for Second Straight Week
Commercial bank deposits dropped by $125.7 billion in the week ended March 22, marking the ninth-straight period of declines, according to data released by the Federal Reserve. Mike McKee reports on "Bloomberg Markets: The...
Bloomberg
Summers on the Inflation Fight
Former US Treasury Secretary Lawrence H. Summers breaks down the latest reading on US PCE and shares that it's "plausible" the recent banking woes may subside without a big impact on credit, leaving in place "serious inflation issues."
Bloomberg
Hoenig: Regulators Should Be 'Scrubbing' Bank Portfolios
Federal regulators "have a lot of work on their plate" in the wake of the SVB fallout, former Federal Reserve Bank of Kansas City President Thomas Hoenig says during an interview on "Bloomberg Markets."
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Bloomberg
Western Alliance Deposits Fell 11% in Q1 to $47.6B
Western Alliance "experienced elevated net deposit outflows surrounding the announcements of the Silicon Valley Bank and Signature Bank closures," the bank says in a filing. The bank said deposits fell 11% in the first quarter, a smaller...
Bloomberg
Brainard Says US Banking System Is Sound, Stable
"We've seen deposit outflows stabilize. All of the indicators that one would look at have really improved over the last few weeks," Lael Brainard, the new head of the National Economic Council, says at Semafor's World Economy Summit....
Bloomberg
Federal Reserve's Kashkari Sees Signs of Calm Restored to Banking Sector
Federal Reserve Bank of Minneapolis President Neel Kashkari talks about the collapse of Silicon Valley Bank and the state of the US banking industry. He speaks at a town hall event at Montana State University in Bozeman. (Excerpt)...