While its C.E.O. extolled innovation and the future of tech, Silicon Valley Bank paid less attention to risk management and was caught flat-footed by economic change.
Category: Federal Deposit Insurance Corp
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How Washington Decided to Rescue Silicon Valley Bank
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.
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Maxine Waters Says Congress Should Raise Cap on F.D.I.C. Backed Deposits
Lawmakers should also revisit the 2018 rollback of regulations on midsize banks, Ms. Waters said in an interview.
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Shares in First Republic and Others Rise After Federal Bank Rescue
First Republic, Western Alliance and PacWest Bancorp shares were set to rise on Tuesday after one of the industry’s worst stock routs in years.
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Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.
The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.
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Is My Money Safe After the SVB Collapse? How Banks Protect Your Money.
The F.D.I.C. and other entities will protect most people’s bank and brokerage balances. But it’s as good a time as any for consumers to create other backstops.
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SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision
The Federal Reserve has been rapidly raising interest rates to fight inflation. But making big moves could be tricker amid instability.
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Stocks Are Poised to Rise Monday as Regulators Act on Silicon Valley Bank
Officials in Japan, South Korea and India, some of Asia’s largest economies, assuaged concerns of a global ripple effect coming from the United States.
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Silicon Valley Bank Collapse: What We Know and How It Happened
Regulators shut down Silicon Valley Bank on Friday, in the largest U.S. bank failure since the 2008 financial crisis.
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3 Lessons From Silicon Valley Bank’s Failure
Here’s one takeaway: The bank’s extremely online clientele may have contributed to its downfall.
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Silicon Valley Bank Collapse Sets Off Blame Game Between Crypto and Tech
The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.