Silicon Valley Bank wasn't like other banks. It dealt primarily with startups, tech companies, and venture capital investors. Here's the story of how it collapsed, and what happens next.
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Senators call on former Silicon Valley Bank, Signature Bank CEOs to testifySens. Sherrod Brown and Tim Scott said the former CEOs of the fallen banks should 'answer for' their banks' 'downfall' in Senate testimony.
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Citigroup CEO says banking system ‘pretty sound’ after failures of Silicon Valley Bank, Signature BankCitigroup Inc CEO Jane Fraser on Wednesday expressed optimism in the nation's banking system despite the failures of Silicon Valley Bank and Signature Bank.
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Did weakening bank regulations in 2018 set up Silicon Valley Bank for collapse?Our San Diego Econometer panel considers how banking regulations rolled back in 2018 might have factored into recent bank failures.
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Fight Brewing Between Silicon Valley Bank's Former Parent Company and FDICA legal fight is ramping up between the FDIC and the former parent company of Silicon Valley Bank. SVB Financial said the banking regulator took 'improper actions' and can't access its money held at its former unit. Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C., discusses the key takeaways from the bankruptcy hearing. Plus, reactions to Bloomberg reporting Silicon Valley Bank loans to insiders tripled to $219 million before being overtaken by regulators.
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Report: Loans to Silicon Valley Bank Insiders Tripled to Record High as Collapse LoomedFollowing the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed.
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Fed Hiked and So Did Silicon Valley BankThe Federal Reserve, noting that bank turmoil will tighten economic conditions, raised rates by a quarter-point. jdlahart explains. WSJWhatsNow
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