Timothy Sumer

The stock market closed higher Wednesday, following the second day of congressional hearings on the Silicon Valley Bank collapse. Dory Wiley, the president and CEO of Commerce Street Holdings, joined CBS News to discuss what the hearings mean for investors. #news #economy #stocks CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Try Para

For more information on subscribing to The Call @ Hedgeye: For more FREE investing videos: Get access to Hedgeye's FREE Market Brief newsletter: Sign up for Hedgeye University FOR FREE: For more information on subscribing to Financials Pro: First Citizens Bank received a $16.5 billion discount in its acquisition of Silicon Valley Bank’s loan book. Call it what you want, Keith McCullough says, but this is a government bailout. “It’s a good deal if you can get it,” explains Hedgeye’s CEO in this clip from The Call @ Hedgeye. “The FDIC is underwriting First Citizens’ deal. I hope anybody who doesn’t call this a bailout really feels smart about it.” The discount comes at the expense of taxpayers, and will presumably lead other banks to seek similar bargains in the future. “Now that the market has seen the deal First Citizens got, it might make it more of a challenge for First Republic than it already was,” explains Financials analyst Josh Steiner. “Everybody’s go

The collapse of the Silicon Valley Bank is the biggest retail banking failure since 2008 and the second biggest banking failure in America's history, following Washington Mutual's collapse. This SVB Crisis had such an impact that it forced the closure of another bank, New York's Signature Bank. But how did this all happen? What went wrong with Silicon Valley Bank? What are the American regulatory bodies doing to fix this? And most importantly, what is the impact of this crisis on India? Watch this video by Dhruv Rathee to find out! KukuFM Download Link - Coupon code - DHRUV50 Special offer - Get 50% off on KukuFM’s 1st month subscription at INR 49 कूकू एफ एम द्वारा प्रायोजित वीडियो This video is sponsored by KuKufm Links to the mentioned video : - How Banks Earn Money? | Business Model of Banks | Dhruv Rathee - The Truth behind Inflation | Explained by Dhruv Rathee- ---------------------------------------------------- JOIN MY COURSE: ✏️Want to become