The independent news website of The Kent Stater & TV2

KentWired

The independent news website of The Kent Stater & TV2

KentWired

The independent news website of The Kent Stater & TV2

KentWired

The banking meltdown may have done the Fed’s work for it

Nicole Goodkind, CNN March 22, 2023

CNN– Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their efforts have been complicated by the events of the past few weeks. The...

President Joe Biden speaks about the banking system in the Roosevelt Room of the White House on March 13, 2023 in Washington, DC.
(Anna Moneymaker/Getty Images)

Biden emphasizes US banking system is safe after Silicon Valley Bank collapse

CNN– President Joe Biden on Monday underscored that the American banking system remains safe, laying out how his administration is taking action to contain Silicon Valley Bank’s collapse. “Americans...

Takeaways from America’s second-largest bank failure

Ramishah Maruf, CNN March 11, 2023

New YorkCNN — Silicon Valley Bank’s 48-hour collapse led to the second-largest failure of a financial institution in US history. SVB was one of America’s 20 largest commercial banks and is now...

Silicon Valley Bank headquarters in Santa Clara, California
(David Paul Morris/Bloomberg/Getty Images)

Silicon Valley Bank collapses after failing to raise capital

Allison Morrow, CNN March 10, 2023

CNN– Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of a meltdown across the banking industry. Its failure marks the largest shutdown...

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