The Federal Reserve’s top bank cop blamed Silicon Valley Bank’s leaders, while previewing the cental bank’s review of its faulty oversight.
Category: Silicon Valley Bank
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Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’
The New York Times – Business: -
Silicon Valley Bank’s Collapse Chills Start-Up Funding
The New York Times – Business:Two weeks after Silicon Valley Bank failed, the fallout has hit the start-up market as investors pull back further and fear has risen.
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Markets Climb as Silicon Valley Bank Finally Finds a Buyer
The New York Times – Business:First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
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First Citizens to Acquire Silicon Valley Bank
The New York Times – Business:The Federal Deposit Insurance Corporation, which announced the deal late Sunday, had been looking for a buyer since seizing control of the bank.
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As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution
The New York Times – Business:Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.
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Banks Are Borrowing More From the Fed: What to Know
The New York Times – Business:As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
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Powell and Yellen Suggest Need to Review Regulations After Bank Failures
The New York Times – Business:Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
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What to Watch for in the Fed’s Decision on Rates
The New York Times – Business:The Federal Reserve is expected to raise interest rates slightly, but its path is uncertain as worries plague the banking system.
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Bank Crisis Could Cast Pall Over Commercial Real Estate Market
The New York Times – Business:The market hadn’t fully rebounded from the pandemic. Some worry that another slowdown could add to fears of a recession.
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Regional Banks and Regulators Try to Soothe Depositors’ Fears
The New York Times – Business:While some executives said money wasn’t being pulled from their small and midsize banks, the “too big to fail” giants attracted business customers.
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Push to Insure Big Deposits Percolates on Capitol Hill
The New York Times – Business:The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
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Will the Fed Raise Interest Rates During a Banking Crisis?
The New York Times – Business:The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.