SVB buyers tried using to withdraw virtually all the bank’s deposits about two days, Fed’s Barr testifies

Key Points

Due to the fact the working day regulators seized Silicon Valley Lender, it was community information that panicked prospects withdrew $42 billion from the financial institution on March 9 on worries that uninsured deposits were being at chance.
But that pales in comparison to the $100 billion in funds that would’ve gone out the upcoming working day, Michael Barr, vice chair for supervision at the Federal Reserve, testified Tuesday.
The cumulative $142 billion in tried withdrawals represents a staggering 81% of SVB’s $175 billion in deposits as of calendar year-conclude 2022.

Resource

Finance

Stocks making the biggest moves midday: JPMorgan, Moderna, Boeing, Cardinal Health, Chipotle & more

January 13, 2026

Check out some of the companies making the biggest moves midday: JPMorgan Chase — The largest bank in the U.S. dropped more than 3%, trading near session lows, after investment banking fees fell, missing expectations. JPM’s chief financial officer signaled that the banking industry could push back against President Donald Trump’s call for a one-year […]

Finance

Warren Buffett was still searching for that elephant in his final months as Berkshire CEO

January 13, 2026

Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC In the final stretch of his tenure atop Berkshire Hathaway, Warren Buffett was still pursuing that elusive elephant. The 95-year-old legendary investor, who handed over the CEO reins to Greg Abel […]

Finance

JPMorgan is lower after better-than-expected results. Is it a buying opportunity?

January 13, 2026

Source