Banking Crisis 2023

House Republicans and lawmakers on the Senate Banking Committee questioned the culture at the Federal Deposit Insurance Corp. after a Wall Street Journal report alleged a climate of sexual harassment and misogyny.

Superintendent Harris led the takeover of Signature Bank after it failed this spring. She joins Editor-in-Chief Chana Schoenberger to reflect on the lessons of this year's banking crisis, and how she is modernizing supervision.

A conversation with USAA's Paul Vincent

Federal Deposit Insurance Corp. Board Member Jonathan McKernan raised concerns Wednesday over his agency's justification for imposing higher capital on banks, saying they could give nonbanks a more competitive edge in certain activities.

A remnant of the failed bank, now owned by First Citizens, is trying to reclaim its once-prominent role in venture-debt lending to startups. But competition from HSBC and JPMorgan Chase as well as fintechs has multiplied in recent months.

The Federal Reserve Office of Inspector General said supervisors failed to promptly address the risks associated with Silvergate Bank's rapid growth in uninsured cryptocurrency deposits, ultimately leading to the bank's voluntary self-liquidation in March 2023.

The Federal Reserve governor said existing reports, including one published by the Fed's inspector general last week, were too limited in scope.

The Federal Reserve Inspector General's report on the failure of Silicon Valley Bank found that officials at the Federal Reserve Bank of San Francisco wanted to remove the CEO from its board before examiners downgraded SVB's supervisory ratings.

Bankers often use return on equity to measure their success, but the banks whose stock prices have suffered most during past crises are the ones with high ROEs, according to new research. The findings add to academic skepticism about high-profit banks.

An increase in U.S. commercial banks' borrowings suggests they're uncomfortable losing any more reserves as depositors seek better returns elsewhere, according to Citigroup analysts.