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Silicon Valley Bank

Banking & Finance / Industry

Why Do Banks Fail? Arkansas Execs Offer Some AnswersLock Icon

Johnny Allison, CEO of Centennial Bank of Conway, and Randy Dennis, who leads DD&F, share their thoughts. read more >
Banking & Finance / Government & Politics / Industry / Investments

Pig Butchering (Gwen Moritz Editor’s Note)

A Kansas bank failure reminds me of episodes closer to home. read more >
Banking & Finance / Investments / Media & Marketing

What’s Missing? (Gwen Moritz Editor’s Note)

What’s missing from a news story can be hard to spot but exceedingly telling. read more >
Banking & Finance

Johnny Allison on Banking Crisis PreparednessLock Icon

The scariest days in Johnny Allison’s 41 years of banking came last year after Silicon Valley Bank folded last March. read more >

Banks Don’t Need Big Hike in Capital Requirements, Hill Says

U.S. Rep French Hill, R-Ark., said he's concerned the Federal Reserve is making the wrong move by increasing capital requirements for national and regional banks as a possible recession looms. read more >
Investments

Federal Reserve May Tighten Financial Rules, Powell Says

The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new proposals. read more >

Largest US Banks Would Survive Severe Recession, The Fed’s ‘Stress Tests’ Show

The Fed's report issued Wednesday did show some relative weakness among the midsize banks and "super regional" banks, with some getting a passing grade with a smaller cushion than usual. read more >
Banking & Finance / Government & Politics

Execs From Failed Banks Questioned on CEO Pay, Risk Management at Senate Hearing

Executives at Silicon Valley Bank, Signature Bank and First Republic Bank were paid millions of dollars over their tenures up until their banks failed, the bulk of the compensation coming in the form company stock. read more >
The Federal Reserve Bank in Wasington, D.C. 
Banking & Finance / Business Services

Banks Report Tougher Credit Standards in Wake of Failures

About 46% of all banks said they had raised standards for business loans known as commercial and industrial loans, up from just under 45% in the previous quarter. read more >
A Pacific Western Bank branch in Paso Robles, California
Banking & Finance

Regional Bank Shares Sink in Sign Crisis Not Yet Over

Shares of smaller regional lender PacWest Bank plunged nearly 50% Thursday after the company confirmed reports that it was considering "strategic options," that may include the possible sale of the company. read more >
Banking & Finance / Government & Politics

Former CEOs of Failed Banks to Testify Before Senate Panel

The Senate Banking Committee indicated Tuesday that it will hold a hearing May 16 with Silicon Valley Bank's former CEO, Gregory Becker, as well as Signature Bank's former chairman and co-founder, Scott Shay, and its former president, Eric Howell. read more >
The Federal Deposit Insurance Corp. in Washington, D.C.
Banking & Finance / Government & Politics / Insurance

FDIC Recommends Overhauling US Insurance Deposit System

Under the proposal, the FDIC would offer business account coverage a higher levels than ordinary consumer deposits receive, the FDIC said. read more >
A First Republic Bank office in Newport Beach, California
Banking & Finance / Government & Politics

First Republic Bank Seized, Sold to JPMorgan Chase

San Francisco-based First Republic is the third midsize bank to fail in two months. It is the second-biggest bank failure in U.S. history, behind only Washington Mutual, which collapsed at the height of the 2008 financial crisis and was also taken over by JPMorgan. read more >
Michael Barr, the Fed's vice chair for supervision, testifies before the U.S. Senate Banking Committee on March 28, 2023
Banking & Finance / Government & Politics

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 >
Banking & Finance / Business Services / Construction / Energy / Manufacturing / Real Estate / Restaurants & Food / Retail / Tourism

IMF: Prolonged High Inflation Dims Outlook for World Economy

The IMF now envisions growth this year of 2.8%, down from 3.4% in 2022 and from the 2.9% estimate for 2023 it made in its previous forecast in January. read more >
Banking & Finance / Small Business

Small Business Owners Feel the Credit Crunch

Approval rates of small business loan requests at big banks have fallen for nine consecutive months. read more >
A panel discussion featuring Conny Braams of Unilever, Jeremi Gorman of Netflix, Michael E. Kassan of MediaLink, and Tim Mapes of Delta Airlines at South by Southwest 2023.
Banking & Finance / Media & Marketing

South by Southwest is Different With a Baby (Elizabeth Michael Commentary)

Notably absent from this year's festival in Austin were many of the larger social media companies, which usually speak on panels and host brand activations. read more >
A man walks into a Silicon Valley Bank branch in Pasadena, California
Banking & Finance

Bank Failures Highlight Declining Deposits

Banks have been slow to pass along better interest rates on traditional accounts to consumers, prompting a shift to money market funds, government bonds or other more lucrative investments. read more >
U.S. Rep. French Hill
Banking & Finance / Government & Politics

French Hill, Other GOP Lawmakers Accuse Fed of Being Lax Before Bank Failure

Regulators have said that Silicon Valley Bank was an "idiosyncratic'' case and that the overall U.S. banking system remains sound. read more >
Banking & Finance / Government & Politics

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 >