Silicon

The Federal Reserve’s banking supervisors failed to take adequate action to solve California tech lender Silicon Valley Bank’s (SVB) severe issues preceding its collapse in March, according to a…

Perfect storms occur in batches. It’s never a single event, a single wave. Bank executives, like ship captains, earn their keep during times of upheaval. The good ones anticipate events, examine cause and effect, assess…

If you’ve checked the news recently, you’ve probably witnessed headlines and front pages dominated by the story of the United States’ second biggest bank failure in history: that of Silicon Valley Bank, or SVB. The failure began when…

by Madeleine Hubbard   The Federal Deposit Insurance Corp. agreed that the North Carolina-based First-Citizens Bank & Trust Co. can acquire the troubled Silicon Valley Bank, and 17 branches of the California-based bank will…

Within days of Silicon Valley Bank’s swift and shocking collapse, a narrative formed that “wokeism” lay at the heart of the California bank’s sudden demise. It began with a Fox News appearance by Home Depot co-founder Bernie Marcus. “I…

The Federal Deposit Insurance Corporation (FDIC) announced Sunday night that First Citizens BancShares made a deal to acquire Silicon Valley Bank (SVB), the recently failed tech lender. On March…

Power Failure: The Rise and Fall of an American IconBy William D. Cohan(Portfolio, 816 pages, $40) In Power Failure: The Rise and Fall of An American Icon, William D. Cohan masterfully chronicles the creation, ascent, and…

Two large regional banks failed within a period of only two days, Silicon Valley Bank (SVB) on March 10, and Signature Bank on March 12. Both banks had a combined aggregate asset size of $319 billion as of Dec. 31, 2022,…

SVB Financial Group, the parent company for California tech lender Silicon Valley Bank (SVB), filed for Chapter 11 bankruptcy protection in New York Friday, the biggest filing of its kind since…

What do Willie Sutton and Democrats have in common? One can rob a bank by wearing the Hamburglar’s mask, handing over Virgil Starkwell’s note, and waving around Evelle Snoats’s firearm. Alternatively, one can simply join…