The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.
Category: Regulation and Deregulation of Industry
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Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal
The New York Times – Business: -
Silicon Valley Bank Collapse: A Timeline of the Panic
The New York Times – Business:Silicon Valley Bank’s collapse led to the failure of a second bank and prompted regulators to move to contain the fallout in the U.S. banking system.
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Meet the Man in Charge of What Remains of Silicon Valley Bank
The New York Times – Business:The F.D.I.C. named Tim Mayopoulos as chief executive of Silicon Valley Bridge Bank. His job is to keep calm and carry on.
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How Silicon Valley Bank Sparked Global Financial Panic
The New York Times – Business: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.
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Maxine Waters Says Congress Should Raise Cap on F.D.I.C. Backed Deposits
The New York Times – Business:Lawmakers should also revisit the 2018 rollback of regulations on midsize banks, Ms. Waters said in an interview.
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U.S. Is Said to Open Investigation Into Silicon Valley Bank Collapse
The New York Times – Business:Legal experts said a possible focus of the investigation could be insider sales by several bank executives in the weeks before the bank’s failure.
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Shares in First Republic and Others Rise After Federal Bank Rescue
The New York Times – Business: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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To Rein in China’s Banks, Xi Uses Familiar Playbook
The New York Times – Business:Xi Jinping is revamping China’s regulatory framework so the ruling Communist Party can assert more direct control over financial policy.
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Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.
The New York Times – Business:The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.