Banking
Swiss Banque Pictet Admits Conspiring With Americans To Hide Funds
Swiss private bank Banque Pictet et Cie SA has admitted that it conspired with U.S. taxpayers and others to hide more than $5.6 billion in…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
First Republic Stock Crashes But Bounces Back As Big Banks Reportedly Closing In On $30 Billion Rescue Plan
First Republic shares staged a dramatic comeback Thursday as investors bought into reports indicating the struggling San Francisco-based regional bank…
Silicon Valley Bank Parent Files For Bankruptcy
Topline Just days after its former subsidiary, Silicon Valley Bank, was deemed a failure and taken over by regulators, SVB…
The Three Biggest SVB Misconceptions On Social Media This Week
Silicon Valley Bank had a rather spectacular collapse this week. The bank run was due to a drawdown in venture…
The Larger Hidden Risk To The Market After SVB
The start of a financial crisis is like finding rotting food in your fridge. Something starts to smell, and you…
Silicon Valley Bank’s Demise Tightens Spigot On $30 Billion Of Venture Lending
Startups borrowed so they didn’t have to give up equity. After the collapse of market leader SVB, they should expect…
Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS Rescue
Topline European banks bank stocks slid Monday, reinvigorating concerns about the financial system as already-turbulent markets respond to Swiss banking…
Fed’s Looming Rate Decision Could Confirm Crisis At Hand—Or Raise Odds Of ‘Imminent Recession’
Topline Ahead of a pivotal interest rate decision on Wednesday, the Federal Reserve faces a novel dilemma: stubbornly high inflation…
Analysts Point To Selected Regional Bank Stock Bargains, Including 7% Yielding Preferreds
Regional bank stocks spent last week trying and largely failing to recoup any losses from the contagion fears surrounding the…
What to Do Now with Your Cash and Investments?
As much as $42 billion in cash was withdrawn from Silicon Valley Bank on Thursday, March 9, 2023, an additional…
Warning: A New, Awful Response To Our Economic Problems Is Coming — And It’s Led By Elizabeth Warren
Senator Elizabeth Warren (D–MA) and a horde of other politicians, pundits, policymakers and economists are crying out for more regulation…
A Change In Our Banking System Calls For A Recalibration Of FDIC Rules
In recent weeks, we experienced historic changes in the banking industry. A series of idiosyncratic events at a few specialized…
Investors’ Eyes Should Be On Leveraged Finance Markets
In this environment of high inflation and uncertainty about the banking sector’s financial health, market participants should scrutinize U.S. leveraged…
Where Is The Russian Banking Crisis?
Sanctions were supposed to kill the Russian financial sector. It did, and it didn’t. It did insofar as any globally…
AI Working Magic On Financial Services Firms
What single change would financial services executives wish for from one wave of a magic wand? Broadridge posed that question…
SVB, The Banks, The Economy, And The Market
What happened with SVB, and what is happening with banks? On March 10, the Federal Deposit Insurance Corporation (FDIC) closed…
Resilience Is Elusive When It’s Needed The Most
The world has endured a lot recently – a pandemic, supply chain disruptions, inflation, and natural disasters. Having learned from…
The Pros And Cons Of A Cashless Society; Bank Failures And Interest Rate Hikes
Bank Failures Changed Fed's Course on Rates, But in an Unexpected Way The recent collapse of two midsize banks changed…
SVB Capital Owned Pieces Of Top VC Firms. With A Sale Ongoing, Their Future Is In Flux
Firms like a16z, Index and Sequoia can usually control who buys a stake in their blue-chip funds. But with SVB…