What does Silicon Valley Bank’s collapse mean for the financial system?

economist.com T . Gradually, then suddenly. That is how Silicon Valley Bank ( ), the 16th-largest lender in America, with about $200bn in assets, went bust. Its financial position…

Ex-CEO of Silicon Valley Bank not off the hook for stock sales ahead of bank collapse, law professor says

marketwatch.com Former Silicon Valley Bank CEO Greg Becker’s claim that he did not possess material, non-public information before he made $2.3 million by selling company stock less than…

Fitch Ratings Downgrades Loom For U.S. Banks Significantly Exposed To CRE Loans

forbes.com Commercial real estate loans outstanding have grown slightly over 100% in a decade. CRE borrowers took advantage of the incredibly low interest rates, an economy recovering…

SVB’s Becker Can’t Blame It All on the Fed

wsj.com As the CFO of a venture-backed firm that banked with Silicon Valley Bank, I had a front-row seat to the turmoil caused by the collapse. While I agree the Federal Reserve…

Silicon Valley Bank: 500 jobs cut by new owner First Citizens

bbc.co.uk The new owner of Silicon Valley Bank's (SVB) US operations, First Citizens, is cutting around 500 roles held by former SVB workers, the BBC understands. The failure of SVB,…

Ratings Downgrades Loom For U.S. Regional And Smaller Banks Exposed To Commercial Real Estate Loans

forbes.com Commercial real estate loans outstanding have grown slightly over 100% in a decade. CRE borrowers took advantage of the incredibly low interest rates, an economy recovering…

Accountability At The Federal Reserve And Banks Should Be Strengthened

forbes.com Last week, I had the honor of appearing before Chair Elizabeth Warren, Ranking Member John Kennedy, and distinguished members of the Subcommittee on Economic Policy of the…

The Fed has come under fire for the way it tackled inflation. Here are the latest critiques from Elon Musk, Mohamed El-Erian and others

businessinsider.com US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023. Liu Jie/Xinhua via Getty Images Elon Musk, Jeremy Siegel, Mohamed…

The Optimist’s Guide to Artificial Intelligence and Work

nytimes.com The focus of much discussion is on how it will replace jobs, but nothing is inevitable. It’s easy to fear that the machines are taking over: Companies like IBM and the…

US regulators vow tougher oversight after SVB, Signature supervision failures

reuters.com U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corporation detailed their…