Three of the nation’s biggest banks say their profits fell last quarter.

Federal Reserve Chair Jerome Powell says the central bank may have to tighten its oversight of the American financial system after the failure of three large U.S. banks this spring.

The nation’s 23 largest banks passed the Federal Reserve’s so-called stress tests this year, a sign that the nation’s banking system remains resilient despite the recent banking crisis that that led to the failure of three banks.

With inflation in the United States still too high, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell said in prepared testimony to be delivered to a House committee.

Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds may not be covered by deposit insurance.

Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday, instead using their time to assign blame to events they said were largely out of their control.

California’s bank regulator was too slow to see the growing risks at Silicon Valley Bank and did not act forcefully enough to get the bank to fix its problems.

The former top executives of two failed banks will testify before Congress this month.

First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks.

Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday.

The Federal Reserve blamed last month’s collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and said the industry needs stricter policing on multiple fronts to prevent future bank failures.

First Republic Bank’s stock plunged Tuesday after it said depositors withdrew more than $100 billion during last month’s crisis, with fears swirling that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.

Major central banks are standing down from their offer of daily emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about the stability of the global financial system.

Depositors at First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis.

The nation’s largest banks appear to be weathering the current turmoil in their industry just fine.

JPMorgan’s Jamie Dimon is telling investors that government and banks should work to adjust industry regulations following the collapse of Silicon Valley Bank and Signature Bank last month.

Weeks after the failure of two banks, President Joe Biden is calling for independent regulatory agencies to impose tighter rules on the financial system.

Republican lawmakers accused top bank regulators of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference.

The recent banking turmoil has been a jolt for small businesses of all stripes, spurring many to scrutinize their banking services and mull whether or not they should make changes.

Asian shares are higher as investors got some relief from worries over troubled U.S. lenders with a planned takeover of failed Silicon Valley Bank.

The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary to fix the problems.

The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse.

First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution whose lightning-quick failure this month set off a chain reaction that rattled faith in banks around the world.

Treasury Secretary Janet Yellen worked against the clock with other regulators, lawmakers and business leaders to come up with a plan that would prevent a full blown banking crisis.

Shares in Deutsche Bank, Germany’s largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market.

The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: a cutback in bank lending.

Leaders of the Senate’s banking committee are telling former chief executive officers at the failed Silicon Valley Bank and Signature Bank they “must answer” for their banks' "downfall.”.

Only 10% of U.S. adults say they have significant confidence in the nation’s banks and financial institutions, a new poll finds.

The Federal Reserve extended its year-long fight against high inflation by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.

The failures of two U.S. banks this month meant losses for U.S. public-sector pension systems that invested in them.

Treasury Secretary Janet Yellen says she's focused on stabilizing the U.S. banking system following regional bank failures in California and New York.

A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018.

Shares of First Republic Bank fell another 47% Monday as investors remain uneasy about the bank’s financial condition even after a group of the nation’s largest financial institutions teamed up on a $30 billion rescue package.

While Wall Street works to contain the biggest American bank failure since the 2008 financial meltdown, founders of startups who are people of color worry it could become even harder to secure financial support.

Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks.

Longtime troubles at Credit Suisse have come to a head this week with a record stock plunge that spread fears of a banking crisis jumping from the U.S. to Europe.

The parent company of Silicon Valley Bank has filed for Chapter 11 bankruptcy protection.

The government’s response to the failure of two large banks has already involved hundreds of billions of dollars.

Shares have advanced in Asia, tracking a rally on Wall Street after a group of big banks offered a lifeline to First Republic Bank, the lender investors had focused on in their hunt for troubles in the banking industry.

Wall Street’s week of turmoil closed with drops for stocks.

The Federal Reserves says cash-short banks have borrowed about $300 billion in emergency funding from the central bank in the past week.

Eleven of the biggest banks in the country have announced a $30 billion rescue package for First Republic Bank.

The warning signs were all there.

The European Central Bank has carried through with a large interest rate increase, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.

A New York-based bank's demise was stunningly fast.

What made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed.

The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank, a person familiar with the matter told The Associated Press.

Stocks fell amid fresh worries about the banking sector, although Wall Street more than halved its losses by the closing bell.

After a frenetic weekend of round-the-clock briefings, U.S. policymakers took the audacious step of guaranteeing all the deposits of the failed Silicon Valley Bank — even those exceeding the Federal Deposit Insurance Corporation's $250,000 limit.

Democratic Rep. Ruben Gallego is slamming independent Sen. Kyrsten Sinema for backing a bank deregulation bill he says contributed to the collapse of Silicon Valley Bank.

The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into what became the second-largest bank failure in U.S. history.

Months before it became the second-largest bank in U.S. history to fail, Silicon Valley Bank quietly laid off 100 to 120 employees, according to an internal email seen by NBC News.

A class action lawsuit is being filed against the parent company of Silicon Valley Bank, its CEO and its chief financial officer, saying that company didn’t disclose the risks that future interest rate increases would have on its business.

Silicon Valley Bank’s collapse has rattled the technology industry that had been the bank’s backbone.

Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe.

Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures.

Can Washington come to the rescue of Silicon Valley Bank's depositors.

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly.

It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world.

The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday.

Regulators have seized the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.

Fear rattled Wall Street Friday, and stocks tumbled on worries about what’s next to break under the weight of rising interest rates following the biggest U.S. bank failure in nearly 15 years.