Elon Musk Has Ideas About How to Fix the Banking Turmoil
Cut interest rates and insure uninsured deposits is Elon Musk's solution to the current economic turmoil.#elonmusk (Source: Reuters: Health)
Source: Reuters: Health - March 21, 2023 Category: Consumer Health News Source Type: news
SVB and First Republic's problems aren't going away. Here's why
Silicon Valley Bank's abrupt takeover by regulators on March 10 was followed by federal reassurances that all depositors — insured and uninsured alike — would get their money. Yet despite that guarantee, the turmoil in the banking industry has only grown, prompting an emergency cash infusion at…#siliconvalleybank #greatrecession #svb #lplfinancial #jeffreybuchbinder #lpl #stanford #columbia #federalreserve #fdic (Source: Reuters: Health)
Source: Reuters: Health - March 20, 2023 Category: Consumer Health News Source Type: news
Updated Study Finds Healthcare Cost Savings Could Top $22 Billion Annually with Better Access to and Adoption of Oral Healthcare
This study is an important one for the oral healthcare community, but also for the healthcare community at large, " says Greg Chavez, CEO of the Dental Trade Alliance. " Research increasingly shows the connection between oral health and overall health, and these numbers illustrate that we can both save lives and save money as a country by committing to oral health advocacy. "Detailed information about the study and downloadable fact sheets for patients, business owners and government officials can all be downloaded atoralhealthcarecantwait.com. These materials have been created in response to the findings of the study, and...
Source: Dental Technology Blog - March 20, 2023 Category: Dentistry Source Type: news
Banks At Risk Of Failure Due To HTM Losses & High Amount Of Uninsured Deposits (Similar To SVB/SBNY)
(Source: Reuters: Health)
Source: Reuters: Health - March 19, 2023 Category: Consumer Health News Source Type: news
U.S. lawmakers to examine hike in FDIC bank deposit insurance cap
Three prominent U.S. lawmakers on banking matters said on Sunday that they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis marked by a drain of large, uninsured deposits away from smaller and regional banks. "I think that lifting the…#fdic #elizabethwarren #democrat #facenation #warren #patrickmchenry #firstrepublicbank #siliconvalley #signature #sheilabair (Source: Reuters: Health)
Source: Reuters: Health - March 19, 2023 Category: Consumer Health News Source Type: news
Yellen says uninsured deposits may be at risk in future bank failures. Here's how FDIC coverage works
For many consumers, thd recent bank failures may bring back memories of the 2008 financial crisis. While experts say this time is different, there's no guarantee another failure will not happen. Certain other institutions have also showed signs of stress this week. First Republic received…#firstrepublic #fdic #tedjenkin #atlanta #judeboudreaux #cfp #planningcenter #neworleans (Source: Reuters: Health)
Source: Reuters: Health - March 18, 2023 Category: Consumer Health News Source Type: news
More 186 US banks well-positioned for collapse, SVB analysis reveals
The perfect mix of losses, uninsured leverage and a greater loan portfolio, among other factors, resulted in the fall of Silicon Valley Bank (SVB). Comparing SVB’s situation with other players revealed that nearly 190 banks operating in the United States are at potential risk of a run. While SVB’s…#siliconvalleybank #svb #signaturebank (Source: Reuters: Health)
Source: Reuters: Health - March 18, 2023 Category: Consumer Health News Source Type: news
New Research Reveals Potential Risk to Insured Depositors in Nearly 190 US Banks
Research by scholars has revealed that the recent rise in interest rates has left almost 190 banks in the US potentially at risk of impairment to insured depositors. The study, which analyzed US banks’ asset exposure, found that 10% of banks have larger unrecognized losses than those at Silicon…#siliconvalleybank #svb #uninsured #uninsureddebtassets #alamedaresearch (Source: Reuters: Health)
Source: Reuters: Health - March 18, 2023 Category: Consumer Health News Source Type: news
Dozens of Banks May Have Risks Similar to Silicon Valley Bank, Economists Find
Silicon Valley Bank failed after rising interest rates reduced the value of its assets and worried customers scrambled to withdraw uninsured deposits. In a new study, economists said they found 186 banks that may be prone to similar risks. In a [paper posted this week](https://papers.ssrn.com/sol3/#siliconvalleybank (Source: Reuters: Health)
Source: Reuters: Health - March 18, 2023 Category: Consumer Health News Source Type: news
After SVB collapse, uninsured bank deposits are still a problem
Silicon Valley Bank was done in by mass depositor flight — i.e., a bank run — as its clients tried to withdraw tens of billions of dollars in a single day, bringing down the whole bank. While no other bank appears to be in as severe stress as the doomed SVB, the deposit problem has not ended for…#siliconvalleybank #svb #republicans #signaturebank #goldmansachs #richardramsden #firstrepublic #morningstar #ericcompton #firstrepublics (Source: Reuters: Health)
Source: Reuters: Health - March 17, 2023 Category: Consumer Health News Source Type: news
TREMFYA ® (guselkumab) Real-World Data Analyses Show Greater Treatment Persistence Than IL-17s in Both Bio-naïve and Bio-experienced Patients Living With Moderate to Severe Plaque Psoriasis
SPRING HOUSE, PENNSYLVANIA, March 17, 2023 – The Janssen Pharmaceutical Companies of Johnson & Johnson today announced new data, showing that initiation of TREMFYA® (guselkumab) was associated with greater treatment persistencea compared to secukinumab or ixekizumab in bio-naïve and bio-experienced patientsb living with moderate to severe plaque psoriasis (PsO), based on pairwise analysesc of real-world data.[1],[2] Additionally, in a post-hoc analysis of Phase 3 VOYAGE 2 clinical trial results, TREMFYA demonstrated durable clinical efficacy, itch relief and quality-of-life improvements in patients living with scal...
Source: Johnson and Johnson - March 17, 2023 Category: Pharmaceuticals Tags: Latest News Source Type: news
First Republic Bank Gets $30B Rescue From Competitors
First Republic Bank began to founder after the collapse of Silicon Valley Bank, with its stock dropping from $115 per share on March 8 to around $20 Thursday. Now it looks like First Republic—which like SVB had numerous uninsured depositors—will get by with a little help from its friends. Bank of…#firstrepublicbank #siliconvalleybank #firstrepublic #svb #bankofamerica #wellsfargo #citigroup #jpmorganchase #goldmansachs #pnc (Source: Reuters: Health)
Source: Reuters: Health - March 17, 2023 Category: Consumer Health News Source Type: news
JPMorgan, BofA, 9 Other Banks Deposit $30 Billion in First Republic
Eleven large U.S. banks are making uninsured deposits totaling $30 billion into First Republic Bank. The move ensures First Republic has the liquidity it needs, reflects the 11 banks’ confidence in that bank and in banks of all sizes, and shows the importance of regional, midsize and small banks,…#firstrepublicbank #firstrepublic #bankofamerica #citigroup #jpmorganchase #wellsfargo #goldmansachs #bnymellon #pncbank #statestreet (Source: Reuters: Health)
Source: Reuters: Health - March 17, 2023 Category: Consumer Health News Source Type: news
Biggest banks to infuse First Republic with $30 billion to stabilize troubled lender
The biggest U.S. banks are banding together to rescue beleaguered San Francisco lender First Republic (FRC) with $30 billion of uninsured deposits, an unusual joint effort to stabilize a rival and restore calm following a volatile week. The infusion from 11 of the nation's biggest banks, including…#firstrepublic #jpmorganchase #jpm #bankofamerica #bac #jpmorgan #citigroup #wellsfargo #goldmansachs #usbancorp (Source: Reuters: Health)
Source: Reuters: Health - March 17, 2023 Category: Consumer Health News Source Type: news
Struggles with housing costs during pandemic linked to lack of health care for many Californians
Key takeawaysA report by the UCLA Center for Health Policy Research draws a clear correlation between Californians ’ struggles to pay for housing and their lack of access to health care during the COVID-19 pandemic.The findings are based on data from the 2021 California Health Interview Survey.About one-third of adults who faced housing affordability issues delayed needed medical care during that year, the survey found.One of California ’s ongoing challenges that was magnified by the COVID-19 pandemic was the lack of affordable housing. Now,a report published by the UCLA Center for Health Policy Research draws a stro...
Source: UCLA Newsroom: Health Sciences - March 15, 2023 Category: Universities & Medical Training Source Type: news
