Federal Deposit Insurance Corp
Fed Faults Silicon Valley Bank Execs, Itself in Bank Failure
The report also points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems. read more >
by Associated Press -
Fed Official: Bank Rules Under Review in Wake of SVB Failure
Senate Republicans questioned whether new rules were needed and noted that the Fed had had the authority to force Silicon Valley to address its shortcomings. read more >
by Associated Press -
Fed Official: SVB Itself Was Main Cause of Bank’s Failure
Michael Barr, the Fed's vice chair for supervision, said the bank failed to manage the risk of its bond holdings, which lost value as the Fed raised interest rates. read more >
by Associated Press -
Experts, Banks Look for Ideas to Stop Next Bank Failure
The search for causes and culprits — and solutions — is refocusing attention on a 2018 federal law that rolled back tough bank regulations. read more >
by Associated Press -
Uninsured Deposits at Large Arkansas Banks
Almost 94% of the $175.4 billion deposited in failed Silicon Valley Bank as of Dec. 30 were uninsured. Here’s how the banks with the
most deposits in Arkansas compare. read more >
Bank Runs Used to be Slow. The Digital Era Sped Them Up
Regulators, policymakers and bankers are looking at the role that digital messaging and social media may have played in the collapse, and whether banks are entering an age when the psychological behavior behind a bank run — mass fear from depositors of losing their savings — may be amplified and go viral quicker than bank officers and regulators can successfully respond. read more >
by Associated Press -
U.S. Reports Zero Bank Failures in 2018
In the period 2001-18, the number of U.S. bank failures reached their zenith in 2010, when 157 banks collapsed. read more >
Crossett Banker Beaty Fined $35,000 for Failing to Report Suspicious Activity
The consent order that Howard M. Beaty, president and CEO of First State Bank of Crossett, entered with the FDIC on Dec. 15 was made public Friday morning. read more >
Calling Out Boss Hogg (Gwen Moritz Editor’s Note)
Federal Reserve examiners will be trained to look for signs of a bank executive who dominates subordinates or assumes too many roles. You and I might call him a Boss Hogg. read more >
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