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Politicians on both sides of the aisle say the regional reserve bank deserves special scrutiny for Silicon Valley bank's failure. But larger-bank supervision tends to center on the Fed Board of Governors.
March 17 -
While the new deposits may have staved off a depositor run, some investors are concerned that it hasn't added any new equity to the bank.
March 17 -
Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn't be spooked into easing its campaign to contain inflation out of excessive concern about a credit crunch in the wake of the recent banking turmoil.
March 17 -
Charles Schwab Corp., one of the financial firms whose shares have been roiled by the current banking crisis, says it has added a net $16.5 billion in five days.
March 17 -
A category of Credit Suisse Group bonds is warning that a liquidity lifeline from Switzerland's central bank may not be enough to stabilize the embattled lender.
March 17 -
Some cities and states are making employers disclose salary ranges in job ads. This could make recruiting top talent harder for startups with lower pay scales.
March 17 -
President Biden asked that Congress pass measures that would expand the Federal Deposit Insurance Corp.'s ability to claw back compensation from the executives of failed banks, among other measures.
March 17 -
Coinbase has yet to decide where the platform might be based, but it has been speaking to market makers about connecting to it.
March 17 -
Wally Murray, who has spent 35 years at the $1.8 billion asset credit union and the last 22 as its president and CEO, retired March 14.
March 17 -
Finzly was among the first fintechs to offer banks an API link to the Fed's instant-payments pilot last month, helping the firm hone its capabilities.
March 17 -
John and Patrick Collison became two of the world's richest millennials over the past decade as Stripe's valuation surged more than 5,000% — an ascent emblematic of the easy-money era. It hasn't been so easy of late.
March 17 -
Silicon Valley Bank's former parent company filed for bankruptcy a week after a run on deposits prompted regulators to seize its banking unit.
March 17 -
The bank's shares tumbled again on Friday, set for their worst week ever, as sentiment around the lender remained fragile even after proposals for $30 billion of aid from Wall Street's biggest banks.
March 17 -
Is the banking sector in crisis? What happened, and what can bankers learn from this turmoil? Two of American Banker's reporters discuss the fallout and what comes next with the magazine's editor-in-chief.
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Employees of the collapsed bank are using LinkedIn, and old-school means, to find new jobs.
March 16 -
Shadows loomed over Credit Suisse and First Republic early Thursday, but the sector outlook brightened after billions of deposits were pledged to the U.S. bank.
March 16 -
The $54 billion lifeline won by Credit Suisse on Thursday gives it a fighting chance to rebuild its business. Some clients aren't waiting around to find out how that goes.
March 16 -
The liquidity facility launched by the central bank over the weekend saw limited uptake compared to other emergency funding options.
March 16 -
Leaders said the value of learning about emerging technologies outweighs a tighter economic environment.
March 16 -
The National Credit Union Administration unanimously approved modifications to its 2020 rule that raise maturity ceilings on offerings and simplifies redundant language.
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