Silicon Valley Bank: What we learned, what’s next after the collapse
Silicon Valley Bank's collapse is prompting scrutiny of the bank's poor risk management and regulators' failure to get the bank to change course before its implosion.
Fed’s Barr calls Silicon Valley Bank a ‘textbook case of mismanagement’
The FDIC announced on Monday that First Citizens Bancshares Inc. is acquiring large pieces of SVB more than two weeks after the lender’s collapse caused turmoil in the banking system.
First Citizens reportedly nearing deal to acquire Silicon Valley Bank
First Citizens Bank is reportedly nearing a deal to acquire the failed Silicon Valley Bank through an auction held by the Federal Deposit Insurance Corporation.
Feds may throw struggling First Republic Bank a lifeline by expanding emergency lending program
Federal authorities are reportedly considering an expansion of the Federal Reserve's emergency lending program to help banks like First Republic Bank shore up their balance sheet.
How the last-ditch effort to save Silicon Valley Bank failed
Withdrawals accelerated late in the morning on the West Coast on Thursday, March 9. Executives paced the office on phone calls as employees watched and texted details to each other.
Senate Banking Committee announces hearing in Silicon Valley Bank collapse
Senate Banking Committee Chairman Sherrod Brown on Tuesday said lawmakers will hold a hearing next week on the collapse of Silicon Valley Bank.
Regional and community banks rally to call for FDIC backup
Mid-sized regional banks and community banks around the country are urging regulators to consider lifting the FDIC's threshold for uninsured deposits after they granted exceptions.
UBS reaches agreement to buy Credit Suisse after upping offer
UBS reportedly reached a deal with Swiss regulators to buy Credit Suisse for $2 billion in a move to prevent the potential collapse of Credit Suisse from roiling markets.
San Francisco Fed criticized for missing Silicon Valley Bank’s red flags
The Federal Reserve Bank of San Francisco is facing mounting criticism after Silicon Valley Bank, which was under its supervision, collapsed following a bank run by depositors.
FDIC considers breaking up Silicon Valley Bank, relaunching sale process: report
The Federal Deposit Insurance Corporation (FDIC) is reportedly considering breaking up Silicon Valley Bank into at least two entities as it auctions off the failed bank's assets.
Credit Suisse faces lawsuits from US shareholders for allegedly concealing financial woes
U.S. shareholders have filed lawsuits against Credit Suisse alleging the bank misled customers about its financial status and violated securities laws in the process.
Silicon Valley Bank reckless with risk, ESG push: State Financial Officers
The State Financial Officers Foundation is criticizing the now-failed Silicon Valley Bank for failing to properly manage risk while pursuing ESG initiatives.
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.
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.
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: Fed says Vice Chair for Supervision to review what led to collapse
The Federal Reserve Board says Vice Chair for Supervision Michael S. Barr will lead a review of the supervision and regulation of Silicon Valley Bank.
Silicon Valley Bank collapse: GOP's Vivek Ramaswamy says more regulation would encourage ‘crony capitalism’
Republican 2024 presidential contender Vivek Ramaswamy believes that more regulation of the financial industry in the wake of the Silicon Valley Bank would encourage crony capitalism.
Feds hold auction for failed Silicon Valley Bank, move to protect uninsured depositors
Federal financial regulators are moving to reassure depositors at Silicon Valley Bank with a special backstop as they pursue the failed bank's sale through an auction.
Treasury, Federal Reserve, FDIC release joint statement mapping out approach to Silicon Valley Bank collapse
Treasury Department, Federal Reserve, and the FDIC issued a joint statement Sunday mapping out how regulators will handle the failure of Silicon Valley Bank.
Former Obama official worked at Silicon Valley Bank before collapse that rattled American economy
An official who served in the Treasury Department under former President Obama was also a board member of Silicon Valley Bank before its collapse last week.