Chuck Schumer, Dems rush to give back donations from Silicon Valley Bank CEO
Top Democrats in Washington are rushing to give back or donate funds they received from Silicon Valley Bank and its leadership after the company collapsed last week.
Credit Suisse shares hit record low
Credit Suisse saw its stock sink to a record-low price level Tuesday in the morning, with shares for the bank subsequently being priced around $2.50 by afternoon.
Credit Suisse sheds nearly 25%, key backer says no more money
Credit Suisse on Tuesday published its annual report for 2022 saying it identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows.
'Shark Tank' star Kevin O'Leary bashes SVB bailout, moves assets out of banks
Celebrity investor Kevin O'Leary claims federal regulators should have let Silicon Valley Bank fail rather than "panic" and change policy for the entire banking system.
Goldman bought the portfolio SVB reportedly booked losses on
Silicon Valley Bank sold its bond portfolio last week to Goldman Sachs, a move that reportedly set SVB failure in motion and caused depositors to flee.
Signature Bank faced criminal probe before firm’s collapse
Regulators were reportedly looking into Signature Bank prior to the firm being shutdown over the weekend.
Silicon Valley Bank donated millions to Black Lives Matter-related groups, social justice causes, records show
Online records show Silicon Valley Bank invested heavily in groups related to the Black Lives Matter movement and other social justice causes in the years before its collapse.
Editor's Note
Editor's Note:
Silicon Valley Bank collapse would have been 'prevented' if not for Trump deregulation, Senate Democrat says
The leading Democrat on the congressional Joint Economic Committee blamed regulatory rollback under former President Donald Trump for Silicon Valley Bank's collapse.
First Republic shares rebound as fears of broader financial crisis ease
Regional bank shares rose sharply on Tuesday amid easing fears over a broader financial crisis triggered by the collapse of Silicon Valley Bank last week.
Moody's downgrades U.S. banking system's outlook to negative citing bank runs
Moody's has changed its outlook on the U.S. banking system from "stable" to "negative," pointing to deposit runs on multiple institutions, including Silicon Valley Bank.
Silicon Valley Bank collapse under investigation by Justice Department
The Department of Justice and the Securities Exchange Commission are reportedly launching investigations into the collapse of Silicon Valley Bank and stock trades made by the bank's officers.
Stuart Varney: Rarely has American news been as 'ominous' as it is right now
FOX Business' Stuart Varney argued President Biden is failing to lead the nation at a time when several crises have hit America all at once.
SVB collapse: Moody's flags six other banks with concerning credit ratings
Moody's Investors Services placed six banks on review for downgrade after the sudden collapse of Silicon Valley Bank on Friday.
Silicon Valley Bank committed 'one of the most elementary errors in banking,' Larry Summers says
Former Treasury Secretary Larry Summers said Silicon Valley Bank made an "elementary" mistake in banking that led to its collapse and takeover by federal regulators.
Silicon Valley Bank collapse: Here's who benefited from their executive, PAC donations
Executives at Silicon Valley Bank, which failed on Friday, have primarily donated to Democrat politicians, filings show. Its PAC has also sent thousands to mainly Democrats.
Little Spoon CEO says company 'dodged a bullet, discusses what SVB collapse could mean for startups
CEO Ben Lewis said his company Little Spoon “dodged a bullet” in Silicon Valley Bank’s (SVB) shutdown last week but voiced worries about impacts the bank’s collapse could potentially have on the startup and venture capital markets.
Regional banks 'reasonably stable' but regulators need to provide 'more clarity': former FDIC chair
Former FDIC Chair Sheila Bair said regional banks appear to be stable overall but urged regulators to provide more clarity about the reasoning behind their actions.
Silicon Valley Bank hit with class action lawsuit from shareholders
A class action lawsuit has been filed against collapsed Silicon Valley Bank, its CEO and CFO on Monday, accusing the plaintiffs of violating securities laws.
Silicon Valley Bank collapse rocks start-up community
The downfall of Silicon Valley Bank sent shock waves through the start-up ecosystem, and some founders fear the effects could be far-reaching in the community.