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‘I had zero information’: This Silicon Valley Bank customer hated being forced to move banks. He’s not alone — most people stick with the same bank for decades.
Peter Dziedzic knows what it’s like to stick with a bank. He’s shared the same Iowa credit union savings and checking account with his husband for well over a decade. But an ex-Silicon Valley Bank customer, he now knows what it’s like to switch accounts. After this latest switch, he’s done with switching. It took…
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GameStop investors are playing by rules you’ll find in a casino more than a stock portfolio
The odds remain stacked against GameStop, even with the unexpected profit the company reported earlier this week. That’s because GameStop GME, +6.20%, at its now much-higher stock price, is just as overvalued as it was before, if not more so. Its share price has been pushed higher in no small part by speculators who are…
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Signature Bank provided critical services to law firms. Now they’re weighing their next move.
The failures of Silicon Valley Bank and Signature Bank have sent shock waves across the U.S., with the tremors felt acutely in key industries. While Silicon Valley Bank was renowned for its close links to the tech-startup communities of Northern California and beyond, Signature Bank of New York had earned a reputation as a crucial…
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The U.S. is dangerously dependent on China trade, weakening America in any conflict over Taiwan
Beijing’s increasingly aggressive rhetoric toward the United States is concerning. For the first time, Chinese president Xi Jinping has directly criticized Washington. He’s now encouraging Chinese companies to join the “fight” against U.S. policies that have “contained and suppressed” the People’s Republic. Clearly, relations between the two countries have deteriorated. If Beijing is laying the groundwork for…
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Can Social Security keep pace with high inflation? Maybe not, but you can still fight back.
Regardless of your age, you may wonder if Social Security will survive as long as you do. Recent reports indicate Social Security trust funds might be barreling toward insolvency by 2033. But there’s a more immediate threat: While U.S. inflation remains high, Social Security’s annual cost-of-living adjustment (COLA) may not keep pace with rising prices.…
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We want to retire in about 5 years but have $150,000 in credit card debt and loans and $1.4 million locked in retirement accounts — ‘we want to be really retired’
I’m trying to get some outside guidance on being able to retire in the next 5 to 7 years. I might have to work until I am 59 1/2 to be able to start using retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stocks, a rental house that we…
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How First Republic stock’s tailspin started and why it hasn’t stopped
Shortly after Silicon Valley Bank disclosed on March 8 that it was running short of cash and needed to raise capital, First Republic Bank’s epic stock slide began. The stock FRC, -1.36% has lost 90% of its value in less than two weeks, hitting an all-time low of $12.18 a share on Monday. Supportive comments…
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Bank insider action tells us the battered financial sector is a buy: These 4 regional bank stocks are tempting those in the know.
Banking company insiders are sending stock investors a message now: Calm down and buy shares of regional banks, because they are not likely to lose all their business to “safer” megabanks. We know this because community bank insiders are aggressively buying their companies’ shares in the banking sector’s sell-off following the collapse of Credit Suisse…
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Manchester United: Sheikh Jassim, Thomas Zilliacus, submit improved takeover bids
As the Manchester United takeover race intensifies, Qatar’s Sheikh Jassim Bin Hamad Al Thani and Finnish entrepreneur Thomas Zilliacus have submitted improved bids for the historic club. Sheikh Jassim has made an improved offer on his first bid, MarketWatch understands. Specific financial details have not been revealed, although the bid includes the removal of all debt from…
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Small U.S. banks lose 1.9% of their deposits after SVB failure
The numbers: Deposits at small U.S. banks fell by a steep $108 billion, or almost 2%, in the week after the collapse of Silicon Valley Bank, the Federal Reserve reported. Business loans at both large and small banks rose in the week ended March 15, however. Wall Street is watching the Fed report closely to…