bank collapse

Internal Fed Watchdog Investigating SVB Collapse

Internal Fed Watchdog Investigating SVB Collapse
Internal Fed Watchdog Investigating SVB Collapse
March 29, 2023  |  Banking

The Federal Reserve’s inspector general has begun a probe into Silicon Valley Bank’s collapse. A spokesperson for the Office of Inspector General (OIG) told PYMNTS Wednesday (March 29) that...

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Possible Banking Regulations Come to Light During Senate Hearing
Possible Banking Regulations Come to Light During Senate Hearing
March 28, 2023  |  Bank Regulation

Possible future banking regulations came to light during a Senate committee hearing. The proposals were mentioned by Federal Reserve Vice Chair for Supervision Michael Barr...

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SVB Implosion Could Blow Half-Trillion-Dollar Hole in VC Sector as Valuations Become More Clear
SVB Implosion Could Blow Half-Trillion-Dollar Hole in VC Sector as Valuations Become More Clear
March 27, 2023  |  Startups

Venture capital (VC) firms should prepare for a whole new level of scrutiny in the wake of the Silicon Valley Bank (SVB) implosion, market watchers...

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SVB and Signature Were ‘Allowed to Fail,’ Says FDIC Chair
SVB and Signature Were ‘Allowed to Fail,’ Says FDIC Chair
March 27, 2023  |  Banking

America’s banking regulator is investigating the recent collapse of two lenders. Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), says his agency is...

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Banks Welcome Crypto Firms After Signature/Silvergate Downfall
Banks Welcome Crypto Firms After Signature/Silvergate Downfall
March 27, 2023  |  Cryptocurrency

Cryptocurrency firms left bankless following the downfall of two industry lenders have found new homes. That’s according to a Monday (March 27) report by the Wall Street...

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IPO Fundraising Falls 70% Amid Banking Crisis
IPO Fundraising Falls 70% Amid Banking Crisis
March 26, 2023  |  IPO

The global market for initial public offerings continues to struggle amid banking sector upheaval. That’s according to data published Sunday (March 26) by Bloomberg News,...

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First Citizens and Valley National Reportedly Competing for SVB Assets
First Citizens and Valley National Reportedly Competing for SVB Assets
March 26, 2023  |  Banking

Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the...

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EU Lawmakers Say US Ignoring ‘Message of 2008’
EU Lawmakers Say US Ignoring ‘Message of 2008’
March 23, 2023  |  Banking

Lawmakers in Europe are blaming U.S. regulators for failing to stop this month’s banking crisis. That’s according to a Thursday (March 23) report by CNBC,...

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