March 2023

The Consumer Financial Protection Bureau holds Wall Street and big banks accountable. The U.S. Supreme Court must protect it, writes Sen. Sherrod Brown. Source

Walt Disney Co. will begin the process of eliminating 7,000 jobs this week, company Chief Executive Bob Iger says in a memo to staff Monday. Source

A female shooter wielding two “assault-style” rifles and a pistol killed three students and three adults at a private Christian school in Nashville on Monday Source

U.S. stocks closed mostly higher Monday, as bank shares climbed after First Citizens BancShares Inc. agreed to buy failed Silicon Valley Bank’s deposits and… Source

First Citizens BancShares Inc. will assume all loans and deposits of Silicon Valley Bank from the Federal Deposit Insurance Corp., the regulator said. Source

U.S. stocks ended a volatile week higher on Friday, a week that saw the Federal Reserve raise rates another 25 basis points and risks in the U.S. and… Source

Stocks are holding their own, but banking jitters aren't going away. Here's how some investors are coping. Source

Rising bond yields are making equities less attractive for investors, which is bound to end up in billions of those assets being sold this year, estimates… Source

Despite quick action by regulators and policy makers, the risk is rising of spillover from the banking system into other sectors and the economy, Moody's said. Source

Unmarked losses on securities at all banks should be a worry for banking examiners after a year of rapid rate increases, says Sheila Bair, former head of the… Source