Latest from Banking

#GoWokeGoBroke: Is there really such a thing as 'woke capitalism'?

FT Opinion: Silicon Valley Bank's fall has the political right crowing, says Henry Mance.

'Imposter' bank scam warning on dodgy term deposit offers

Term deposit deals are very popular, first with consumers and now with scammers.

Markets with Madison: Credit Suisse buyout and what the NZX is missing

Exclusive: More banks, more agriculture, on the public market please, says CEO.

Shooting anxiety in Henderson, dental demands grow & 186 US banks vulnerable | Focus Morning Bulletin: 20 March, 2023

How West Auckland residents are faring after terrifying shooting, how many of us want dental care to be free and warnings as 200 US banks at risk in the latest New Zealand Herald headlines. Video / NZ Herald

Silicon Valley Bank staff handed up to $38m in bonuses after rescue deal

Telegraph: Bonus pool of many millions of dollars was described as “modest”.

Sharon Stone breaks down: ‘Just lost half my money’

Star confesses to serious financial loss due to "this serious banking thing".

UBS in talks to acquire Credit Suisse to stem crisis

Financial Times: Swiss authorities press for merger to stem crisis in banking sector.

Silicon Valley Bank parent company files for bankruptcy

The expected filing comes a week after the tech-focused bank failed in a shock collapse.

Listen: Should NZ have a banking inquiry?

And if we did what would it likely recommend?

Construction crunch: More building firms fail, homeowners in the lurch

Peter Wolfkamp, Newstalk ZB’s resident builder worries about recent string of failures.

Juha Saarinen: Did we just dodge an ‘extinction level event’ for startups?

The SVB failure has uncovered a serious vulnerability threatening an important sector.

No deal for National’s banking inquiry

Labour Party members have rejected a proposal for it to be held via the select committee.

Jarden Brief: Contagion effect in SVB saga

Dyspeptic responses as investors digest fallout from Silicon Valley Bank collapse.

Joe Biden urges US to have confidence in banks after two collapse

Investors continue to dump shares in bank stocks as President calls for calm.

Banks made record $7b last year - that's up by a billion dollars

The figures are bound to stoke calls for a banking inquiry.

SVB collapse: Insiders see three major knock-on effects for NZ

A number of NZ firms have direct exposure. Insiders also see flow-on effects for all.