silicon valley bank

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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
Blackstone Wants to Partner with Regional Banks in Loan Originations
Blackstone Wants to Partner with Regional Banks in Loan Originations
May 11, 2023  |  Banking

Blackstone wants to give regional banks more lending power ahead of a looming credit crunch. Jon Gray, president of the private equity giant, told the...

READ MORE >
First Citizens Sees Income Jump After SVB Purchase
First Citizens Sees Income Jump After SVB Purchase
May 10, 2023  |  Earnings

First Citizens Bank’s income surged following its purchase of failed Silicon Valley Bank. First Citizens, a North Carolina lender with a long history of buying...

READ MORE >
Report: FDIC Rescues Create ‘Vicious Cycle’ for Future Bank Purchases
Report: FDIC Rescues Create ‘Vicious Cycle’ for Future Bank Purchases
May 07, 2023  |  Banking

Do banks need to fail — and get government help — before buyers come forward? A report by Reuters Friday (May 5) citing industry sources said...

READ MORE >
Goldman Sachs’ Advisory Work With SVB Probed by Feds
Goldman Sachs’ Advisory Work With SVB Probed by Feds
May 04, 2023  |  Banking

Federal authorities are investigating Goldman Sachs’ work with Silicon Valley Bank ahead of its collapse. Goldman Sachs revealed the probe in a regulatory filing Thursday (May 4) with the Securities and...

READ MORE >