Bank failures, bailouts divide Congress on next steps

Bank failures, bailouts divide Congress on next steps

Here is a look at what lawmakers are saying and planning as the fallout continues from the collapse of Silicon Valley Bank and Signature Bank.

Here is a look at what lawmakers are saying and planning as the fallout continues from the collapse of Silicon Valley Bank and Signature Bank.

Gas prices hold steady despite market turmoil: AAA

Gas prices hold steady despite market turmoil: AAA

The national average cost for a gallon of gas held steady at $3.46, even as oil prices plunged to levels not seen since August 2021, AAA said.

The national average cost for a gallon of gas held steady at $3.46, even as oil prices plunged to levels not seen since August 2021, AAA said.

Parent of Silicon Valley Bank seeks bankruptcy protection

Parent of Silicon Valley Bank seeks bankruptcy protection

The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.

The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.

Most seniors say the US is suffering a retirement crisis and many are struggling to save: Survey

Most seniors say the US is suffering a retirement crisis and many are struggling to save: Survey

Eighty-nine percent of seniors said they are worried that the U.S. is in the grip of a retirement crisis and nearly half are struggling to build their savings, according to American Advisors Group's (AAG) recent survey.

Eighty-nine percent of seniors said they are worried that the U.S. is in the grip of a retirement crisis and nearly half are struggling to build their savings, according to American Advisors Group's (AAG) recent survey.

2 failed banks, February inflation remaining high put Fed in tough spot

2 failed banks, February inflation remaining high put Fed in tough spot

The government reported Tuesday that February prices were still elevated, which could drive another interest rate hike. But the collapse of two banks in recent days has the potential to stop it.

The government reported Tuesday that February prices were still elevated, which could drive another interest rate hike. But the collapse of two banks in recent days has the potential to stop it.

Biden tells US to have confidence in banks after 2 collapse

Biden tells US to have confidence in banks after 2 collapse

President Joe Biden on Monday told Americans the nation’s financial systems were safe, seeking to project calm following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

President Joe Biden on Monday told Americans the nation’s financial systems were safe, seeking to project calm following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

US government says all Silicon Valley Bank clients will have access to funds

US government says all Silicon Valley Bank clients will have access to funds

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after Friday's historic failure of Silicon Valley Bank, the second-largest bank failure in U.S. history.

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after Friday's historic failure of Silicon Valley Bank, the second-largest bank failure in U.S. history.

Silicon Valley Bank seized by regulators

Silicon Valley Bank seized by regulators

Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.

Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.

Gas prices increase, but the tide may change: AAA

Gas prices increase, but the tide may change: AAA

Gas prices increased for the week ending March 9, 2023. But global oil costs, low demand and other factors may lead to a drop in gas prices.

Gas prices increased for the week ending March 9, 2023. But global oil costs, low demand and other factors may lead to a drop in gas prices.