silicon valley bank

McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
May 17, 2023  |  Bank Regulation

A top House Republican says White House “mismanagement” helped trigger the recent banking crisis. Rep. Patrick McHenry (R-N.C.) chairs the House Financial Services Committee, which...

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Senators Skewer Failed Bank Execs for ‘Stupid Bets,’ Selfish Management
Senators Skewer Failed Bank Execs for ‘Stupid Bets,’ Selfish Management
May 16, 2023  |  Banking

The failures of Silicon Valley Bank (SVB) and Signature Bank were unlike any in history. U.S. lawmakers are hoping to get to the bottom of...

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Fed Plans to Improve ‘Speed, Force and Agility’ of Supervision
Fed Plans to Improve ‘Speed, Force and Agility’ of Supervision
May 15, 2023  |  Bank Regulation

The Federal Reserve Board aims to make changes after the recent banking crisis. The failure of Silicon Valley Bank showed a need to strengthen supervision and regulation,...

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Former SVB CEO Blames Fed Rate Hikes and Online Rumors for Bank Failure
Former SVB CEO Blames Fed Rate Hikes and Online Rumors for Bank Failure
May 15, 2023  |  Banking

Federal Reserve rate hikes and online rumors and misconceptions contributed to the collapse of Silicon Valley Bank. So said former Silicon Valley Bank CEO Gregory...

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Crypto Spot Trading Falls 40% After Banking Crisis
Crypto Spot Trading Falls 40% After Banking Crisis
May 14, 2023  |  Cryptocurrency

Spot trading on centralized cryptocurrency platforms fell 40% in April following the March banking crisis. That’s according to a recent report by CCData, which tracks the...

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Debt Ceiling Showdown Could Affect Small Business Borrowing
Debt Ceiling Showdown Could Affect Small Business Borrowing
May 12, 2023  |  SMBs

Far from being just another noisy headline, the current Capitol slugfest could soon affect Main Street if left unresolved.  For many U.S. consumers, raising the...

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CFPB Head Says Large Banks Should Pay for Insuring ‘Uninsured’ Depositors
CFPB Head Says Large Banks Should Pay for Insuring ‘Uninsured’ Depositors
May 11, 2023  |  Banking

The head of the Consumer Financial Protection Bureau (CFPB) says big banks should pay for insuring “uninsured” depositors. CFPB Director Rohit Chopra, who is a member of the Federal...

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FDIC: Big Banks to Pay Bulk of SVB Rescue Cost
FDIC: Big Banks to Pay Bulk of SVB Rescue Cost
May 11, 2023  |  Banking

America’s biggest banks are facing a $15.8 billion bill for the recent banking crisis. That’s according to the Federal Deposit Insurance Corporation (FDIC), which announced in a...

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NY Fed Study: Small Lenders Weathered the Banking Crisis
NY Fed Study: Small Lenders Weathered the Banking Crisis
May 11, 2023  |  Banking

Smaller lenders emerged from the recent banking crisis relatively unscathed, according to new research. A study released Thursday (May 11) by the New York Fed...

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