SBNY News and Press, Signature Bank From 03/14/23

2023-03-14 02:52:40 ET Agribusiness and food company, Bunge ( BG ) will replace Signature Bank ( SBNY ) in the S&P 500. This will be effective prior to the opening of trading on Wednesday, March 15. The Federal Deposit Insurance Corporation or FDIC said that it...

2023-03-14 00:55:00 ET Summary It would be a big plus if Bank of America (which is big on the West Coast) or J.P. Morgan (which is not) takes over Silicon Valley Bank with some sort of government backstop. Treasury rates fell on the news. The 2-year note, the rate most sensit...

2023-03-14 00:42:02 ET Summary What happens when accelerating inflation meets fears of systemic banking risk? There isn't a lot of precedent. In 2008, summer fears over inflation rapidly gave way to banking system fears and rapid deflation after the sudden failure of Lehman Brothe...

2023-03-13 20:55:00 ET Summary The Silicon Valley Bank and Signature Bank closures over the weekend are the second and third largest US bank failures in history. From last week’s 80% probability of a 50 bps hike on March 22, markets are now pricing a 44% probability of a pa...

2023-03-13 20:10:33 ET With some depositors getting nervous about their bank accounts' safety, here are some options that provide some measures of assurance. While the FDIC has promised to make all depositors at failed banks Silicon Valley Bank and Signature Bank ( SBNY ) wh...

2023-03-13 18:59:05 ET Summary In flashbacks to 2008, we have seen major banks collapse and be taken over. Bank stocks are being crushed. The FDIC only insures deposits up to $250,000, and that realization has led to a run on the banks as depositors seek to get money out. ...

2023-03-13 18:27:43 ET Summary Equities cratered late in the week as Silicon Valley Bank (the 18th largest bank in the country based on deposits) collapsed and was taken over by the FDIC. The FDIC and the Treasury departments put in some investor backstops over the weekend to prev...

2023-03-13 18:00:53 ET Summary The U.S. Consumer Price Index will be published by the Bureau of Labor Statistics at 8:30 AM, Tuesday, March 14, 2023. Under current conditions of turmoil in the U.S. banking sector, higher-than-expected CPI figures could have severe impacts on marke...

Bunge Set to Join S&P 500 Bunge Set to Join S&P 500 PR Newswire NEW YORK , March 13, 2023 /PRNewswire/ -- Bunge Limited (NYSE: BG) will replace Signature Bank (NASD: SBNY) in the S&P 500 effective prior to the opening of trading on Wednesday, Ma...

2023-03-13 17:20:34 ET Summary The Charles Schwab Corporation dropped the third-most in the 67-member S&P 500 Financials Index on Thursday. Only SVB Financial Group and First Republic Bank were down by more. The cause of Silicon Valley Bank’s implosion reveals much rega...