Investors and economists are getting worried about more bank failures as interest rates stay high
High interest rates are "corrosive" to the economy, Mark Zandi said, while others fear the impact of high borrowing costs on commercial mortgages.
Banking Crisis
'Something could break': The Fed risks recession, bank failures if it doesn't cut rates soon, economist Mark Zandi says
High interest rates are "corrosive" to the economy, and the Fed risks breaking something in the financial system, Mark Zandi said.
A commercial real estate crash is unfolding, and regional banks are feeling the pain
Commercial real estate loans are going sour with huge defaults on the horizon, pummeling banks from New York to Tokyo.
Banking turmoil fears return after New York Community Bancorp stock plunges 38%
A gauge of regional bank stocks fell 6% Wednesday after New York Community Bancorp closed 38% lower on the back of a big fourth-quarter loss.
The era of US dollar dominance is 'finished,' says Wall Street veteran who just retired after 54 years
Dick Bove, who retired this month after more than half a century as an analyst, said the dollar's primacy is under threat from outsourcing, China, and crypto.
Morgan Stanley's chairman slams bitcoin as speculative and volatile – and expects the US to dodge a recession
James Gorman said the rich shouldn't bet big on bitcoin, there wasn't a banking crisis last year, and interest rates are likely to drop this year.
'Big Short' investor Michael Burry rang the recession alarm, bet against the S&P 500, and scooped up bargains in 2023
Burry warned stocks and the economy were headed south, and compared regional banks' errors to mistakes made during the dot-com and housing bubbles.
NBA star Giannis Antetokounmpo spread his money across half a dozen bank accounts as a rookie because of the FDIC's $250,000 limit. Billionaire team owner Marc Lasry told him to invest instead.
When Giannis Antetokounmpo first arrived in the US at age 18, he opened accounts at "five, six, seven" different banks to keep his money safe.
Morgan Stanley's CEO blames 2023's bank failures on 'stupidity of their own management'
James Gorman slammed bad managers and predicted dealmaking will surge once it's clear interest rates have peaked.
US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008
Up to 20% of commercial real estate loans could end up defaulting, comparable to rates seen since the Great Recession, researchers said.
Hedge-fund billionaire Ken Griffin discussed retail investors, raging wars, and the risk of a recession next year. Here are his 14 best quotes from a new interview.
Retail investors face stiff competition from professionals, but some have won big on stocks like Apple and Tesla, Citadel's Ken Griffin said.
Stocks are overpriced, crypto is hot air, and the 'everything bubble' will fuel a brutal recession, says Wall Street guru Jim Grant
Cheap money drove up asset prices and exposed the US financial system, paving the way for painful fallout and a harsh recession, Jim Grant says.
JPMorgan's Dimon warns the Fed's inflation war will spook markets - and flags a raft of threats to the US economy
JPMorgan CEO Jamie Dimon expects stubborn inflation, higher interest rates, more pain for companies, and economic fallout from foreign conflicts.
Warren Buffett dumped a bunch of bank stocks before their epic tumble this year, escaping some major pain
Warren Buffett's Berkshire Hathaway sold its stakes in Wells Fargo, Goldman Sachs, and other banks before their stocks slumped this year.
Investors are repeating a big mistake they made before the 2008 crash and financial crisis, top economist says
There was similar complacency in markets before the housing bubble collapsed and the US economy crumbled in 2008, David Rosenberg said.
'Shark Tank' investor Kevin O'Leary warns commercial real estate woes will topple banks and throttle businesses
More regional banks will fail as commercial real estate values drop, which could mean small businesses can't cover their payrolls, Kevin O'Leary says.
'Shark Tank' investor Kevin O'Leary warns of a 3-pronged financial disaster as soaring interest rates bite
Regional banks, commercial real estate, and small businesses are all suffering from the historic surge in interest rates, Kevin O'Leary says.
Bill Ackman predicts more pain for regional banks and commercial real estate, touts Elon Musk's X, and touches on AI and the federal debt in a new interview. Here are his 6 best quotes.
Bill Ackman said the US economy seems to be in good shape, but higher interest rates are hurting some sectors, and the federal debt is a concern.
The US government's been selling SVB and First Republic's wine collections. Past bank failures have put far weirder assets in federal hands.
The FDIC has reportedly seized 25,000 pounds of frozen rabbit, a stake in the Dallas Cowboys, and even a human skull from failed banks over the years.
Stocks face a laundry list of dangers and could slump within months, warns one elite investor
The many risks to stocks include AI disappointment, an economic slowdown, and more banking woes, says Tudor Investments' Ulrike Hoffmann-Burchardi.