David Gura appears in the following:
The U.S.'s perfect credit rating is on notice for the second time in its history
Sunday, May 28, 2023
After Fitch warned the U.S. its AAA rating could be in jeopardy, there is fear of a repeat of what happened in 2011, when Standard & Poors downgraded the U.S. to AA+.
A debt default by the U.S. would be devastating to the nation's credit rating
Wednesday, May 24, 2023
As the debt ceiling talks continue and the United States edges closer to a potential default on its debt, the nation is at risk of losing its prized AAA rating.
Here's what could happen in markets if the U.S. defaults. Hint: It won't be pretty
Sunday, May 21, 2023
Investors are still hopeful that lawmakers will clinch a deal to raise or suspend the debt ceiling. That's because failure to do so could have devastating consequences in markets.
Former leaders of failed banks appear before a Senate committee
Tuesday, May 16, 2023
Former top executives at Silicon Valley Bank and Signature Bank are set to appear before the Senate Banking Committee after both lenders had to be rescued by the government earlier this year.
Shares of smaller lenders sink once again, reviving fears about the banking sector
Thursday, May 04, 2023
PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..
New signs of banking turmoil after First Republic Bank's failure — the third in 2023
Thursday, May 04, 2023
Days after the second-largest bank failure in U.S. history, there are signs other regional banks are vulnerable.
JPMorgan Chase banks on its new HQ being 'a destination'
Wednesday, May 03, 2023
JPMorgan Chase is building a multibillion-dollar headquarters in New York City, designed by one of the most famous architects in the world. The bank hopes it will be a model for a post-pandemic workplace.
JPMorgan Chase to take over deposits and most of the assets of First Republic Bank
Monday, May 01, 2023
JP Morgan Chase is buying the troubled lender First Republic, after its shares plummeted on the New York Stock Exchange last week. The FDIC oversaw the sale.
JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover
Monday, May 01, 2023
JPMorgan Chase is taking over First Republic after the troubled bank was placed in the FDIC's receivership in the latest failure in the banking system.
A new report assesses last month's bank failures and includes lessons for the future
Friday, April 28, 2023
The Federal Reserve and the FDIC reported on lessons learned from March's bank failures, including lapses in government oversight and ideas on how to prevent similar meltdowns going forward.
What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report
Thursday, April 27, 2023
The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.
First Republic Bank shares plummet, reigniting fears about U.S. banking sector
Wednesday, April 26, 2023
Trading of First Republic Bank shares were halted multiple times today, as investors sold off shares, alarmed by financial disclosures from the bank.
It cost $22 billion to rescue two failed banks. Now the question is who will pay
Thursday, April 13, 2023
Regulators need to decide how to recover the cost of rescuing Silicon Valley Bank and Signature Bank — and community banks across the country are warning they should not be on the hook.
Why small banks take issue with bailing out Silicon Valley and Signature banks
Thursday, April 06, 2023
The government's lifeline to customers of Silicon Valley Bank and Signature Bank cost more than $20 billion. By law, lenders will have to pay for it. Small banks say they shouldn't be on the hook.
First Republic Bank shares sink to another record low, but stock markets are calmer
Monday, March 20, 2023
Shares in the midsized lender continued to tumble as fears grow about First Republic's financial health grow even after it received a $30 billion lifeline from its bigger rivals last week.
What to watch for after a volatile week on Wall Street
Friday, March 17, 2023
Markets have been volatile since Silicon Valley Bank collapsed, amid fears of wider problems with the banking system. Days away from a critical Federal Reserve meeting, they're even more on edge.
The biggest banks in the U.S. are stepping in to save First Republic Bank
Friday, March 17, 2023
Eleven big banks are offering a lifeline to First Republic Bank, a smaller lender that's been under pressure since Silicon Valley Bank collapsed a week ago.
First Republic becomes the latest bank to be rescued, this time by its rivals
Thursday, March 16, 2023
The lenders including J.P.Morgan and Wells Fargo would deposit $30 billion into the beleaguered midsized lender as part of the rescue.
Stocks drop as fears grow about the global banking system
Wednesday, March 15, 2023
A drop in shares of European lender Credit Suisse sparked fears that banking turmoil is spreading around the world.
2 bank failures are making smaller banks nervous about losing customers
Wednesday, March 15, 2023
After the collapse of Silicon Valley Bank, some customers have been moving their money from smaller, regional banks to larger lenders. And that could reshape the banking landscape.