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How banks' social responsibility goals can encompass working for women's economic empowerment

When Circle USDC broke its peg to the dollar days after SVB's crisis, it revealed new uncertainties for cryptocurrency that's designed to resist volatility.

Community lenders do not share the problems that led to the downfall of Silicon Valley Bank and Signature Bank — but their customers and members don't always know that.

The KBW Nasdaq Bank Index dropped 9.6% on Monday as the fallout from two bank failures prompted investors to trim their exposures. Some regional institutions saw declines of 30% or more, while the nation's largest banks had much more modest declines.

Regulators covered Silicon Valley Bank and Signature Bank customers' money, and will need to replenish the Deposit Insurance Fund with higher assessments. But smaller banks don't want to pay for larger banks' mistakes.

The bank was best known in the industry for managing smaller renewables projects—including community solar projects—which other companies often avoided because of the legal and tax paperwork burden involved.

Tim Mayopoulos, who led the government-sponsored enterprise for six years following the Great Recession, will oversee the FDIC-created entity intended to protect Silicon Valley Bank depositors.

A community bank executive reflects on the leadership rules he has gleaned from the quirky television hit about an American football coach trying to navigate English Premier League soccer.

Observers say that most other banks with an overlapping customer base are in a better place than SVB to manage the risks.

Frank, to the surprise of some, landed on the board of Signature Bank, a New York-based lender that boomed during the pandemic. It was seized by regulators Sunday, making it the third U.S. bank to collapse in just five days.

Rep. Brad Sherman, D-Calif., a senior member of the House Financial Services Committee, said he's considering a bill to shore up regulation and oversight of medium-size banks.

HSBC Holdings is buying the U.K. arm of Silicon Valley Bank, the culmination of a frantic weekend where ministers and bankers explored various ways to avert the SVB unit's collapse.

Panic withdrawals brought down a bank within two days, and many point to some venture capitalists, who urged companies to pull money out of the bank.

President Joe Biden said that deposits at U.S. banks are safe following swift action from his administration's bank regulators.

The FDIC named Greg Carmichael, who retired last year as CEO of Fifth Third Bancorp, to run a bridge bank that will hold Signature's deposits and most of its assets.

The San Francisco-based bank, whose stock came under pressure after the failure of Silicon Valley Bank, said the increased borrowing capacity strengthens and diversifies its funding. The bank's "capital and liquidity positions are very strong," executives said.

The Treasury Department issued a "systemic risk exception" allowing it to cover uninsured deposits at SVB and Signature Bank, which New York State closed on Sunday.

Canada's banking regulator seized SVB Financial Group's branch in the country and said it will seek a legal order to wind up the operation. 

The bank's tech-sector focus contributed to its rapid demise. But the reasons for its failure come down to the nuts and bolts of banking, and other banks may have similar vulnerabilities.

After the failure of Silicon Valley Bank on Friday, attention will be keenly focused on anything that gives clues about the next steps from the Federal Reserve and its global peers — or hints at greater spillover in the U.S. banking sector.