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Justice Department investigators were examining whether the New York bank took sufficient steps to detect potential money laundering by clients.
March 15 -
The Arkansas congressman, a leading Republican on the House Financial Services Committee, said while he doesn't believe blanket expanding deposit insurance is warranted, different premium structures for covering deposits would be "worthwhile."
March 15 -
After two high-profile failures and a liquidity scare, money is on the move from collapsed and suspect banks to destinations viewed as safer havens. Some banks say they're in position to score fresh funds, new customers and talented workers.
March 14 -
After the failure of two banks between $100 billion and $250 billion of assets, many are asking regulators to change their oversight practices for these banks. The Fed has a wide berth to make a wide array of changes.
March 14 -
Depositors' trust in their banks — and banks' trust in their customers — is the cornerstone of finance. The demise of Silvergate, Silicon Valley and Signature has demonstrated how fragile that trust can be, and how difficult it will be for regulators and bankers to win it back.
March 14
American Banker -
Analysts are increasingly focused on rising office property vacancy rates, driven by remote-work trends and higher costs of living. They are worried that cash-strapped landlords could default on loans and cause losses in banks' CRE portfolios.
March 14 -
Maxine Waters, the top Democrat on the House Financial Services Committee, says she's confident some of the issues surrounding the failures of Silicon Valley Bank and Signature Bank will require legislation.
March 14 -
Micro-merchants that sell on Etsy and Shopify were briefly unable to accept payments — an issue that could have been catastrophic had it lasted longer.
March 14 -
Mercury, NorthOne and other challenger banks that serve small business owners are seeing a boost from SVB's collapse. But the effects may be short-lived.
March 14 -
Many banks whose shares got hammered a day earlier rebounded strongly, with double-digit gains at Western Alliance Bancorp, First Republic Bank and PacWest Bancorp in midafternoon trading.
March 14 -
The recent bank failures have changed market thinking about the Federal Reserve's next move.
March 14 -
According to a New York state Department of Financial Services official, the bank failed to provide 'reliable and consistent' data.
March 14 -
Sen. Elizabeth Warren, D-Mass., said that former Silicon Valley Bank CEO Greg Becker's assurances to Congress about the bank's safety in 2015 "now look nefarious."
March 14 -
Some tech startup clients had to scramble to retrieve money as the bank was closing. Many wonder which financial institution will fill the void.
March 14 -
The loan portfolio is seen as an attractive buy and was not a contributing factor in the bank run that caused Silicon Valley Bank's demise.
March 14 -
Signature Bank's payments network — used by cryptocurrency firms looking to exchange fiat currency in real time — is still online even after the lender was put into receivership.
March 14 -
Small and midsize banks flooded the Federal Home Loan Bank System with demands for liquidity to avert potential bank runs and stave off taking unrealized losses on investment portfolios just as the Federal Reserve opened a liquidity facility for just that reason.
March 13 -
The White House and regulators have sought to ease fears about the banking system, but business depositors as well as regional bank investors remain jittery. Speculation has accelerated about potential buyers of the failed Silicon Valley and Signature banks, the health of certain other regionals and how deposit costs will change.
March 13 -
The Bank Term Funding Program, rolled out by the central bank on Sunday night, offers par value for underwater securities that banks pledge to obtain short-term loans. Industry insiders expressed optimism on Monday that it will buy time for institutions that have been hit by rising interest rates.
March 13 -
The Federal Reserve's top regulator will examine what steps the central bank took to mitigate risks at the bank before its failure last week.
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