In the wake of the failure of several regional banks, lawmakers are furiously at work drafting new bills to give regulatory authorities more control over banks. But some experts say that bank regulators already had all the power they needed, but failed to use it effectively. “Every time we have a crisis on our hands,…
Bank Regulators Want New Powers to See What Many Say Should Have Been Obvious
June 24, 2023
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LIVE 10 AM ET: Silicon Valley, Signature and First Republic Bank Former Executives Testify on Bank Failures to House
May 17, 2023
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Former Chief Executive Officer of Silicon Valley Bank Greg Becker, co-founder and former Chairman of Signature Bank Scott Shay, and former CEO and President of First Republic Bank Michael Roffler testify in the first panel to the “U.S. House Financial Services Committee Subcommittee on Financial Institutions and Monetary Policy and Subcommittee on Oversight and Investigations” on bank failures at 10:00 a.m. ET on…
LIVE NOW: Silicon Valley, Signature and First Republic Bank Former Executives Testify on Bank Failures to House
May 17, 2023
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Former Chief Executive Officer of Silicon Valley Bank Greg Becker, co-founder and former Chairman of Signature Bank Scott Shay, and former CEO and President of First Republic Bank Michael Roffler testify in the first panel to the “U.S. House Financial Services Committee Subcommittee on Financial Institutions and Monetary Policy and Subcommittee on Oversight and Investigations” on bank failures at 10:00 a.m. ET on…
Cultural Shift in Federal Reserve Supervision Another Contributor to Banking Turmoil: House Panel
May 16, 2023
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Since the COVID-19 public health crisis, the Federal Reserve system has undergone a cultural shift in supervision, and this may have been another contributing factor to the turmoil in the banking system, a House committee heard. The House Financial Services Committee hosted a hearing on May 16. It featured testimony from Fed vice chair for…
Senators Rip Former Silicon Valley Bank CEO for Executive Payouts Prior to Bank’s Collapse
May 16, 2023
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During a Senate Banking Committee hearing on Tuesday, senators denounced the actions of Silicon Valley Bank (SVB) CEO Greg Becker, who has been accused of distributing bonuses and selling stock in the bank shortly before its collapse. “In 2022, in particular, you [Becker] paid yourself a $1.5 million cash bonus even as the value of…
Former Silicon Valley Bank CEO Apologizes for Bank’s Collapse in Senate Testimony
Former chief executive of Silicon Valley Bank (SVB) Greg Becker issued a public apology before a Senate committee on Tuesday. Becker expressed deep remorse for the devastating impact suffered by SVB’s employees, clients, and shareholders during the recent financial turmoil that led to the bank’s collapse. “I never envisioned myself or SVB being in this…
Silicon Valley, Signature Bank Former Executives Testify on Failures to Senate Committee
May 16, 2023
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Silicon Valley Bank former CEO Gregory Becker, Signature Bank former chairman and co-founder Scott Shay, and Signature Bank former president Eric R. Howell testify on “Examining the Failures of Silicon Valley Bank and Signature Bank” at 10 a.m. ET on May 16 to the U.S. Senate Banking Committee. …
LIVE 10 AM ET: Silicon Valley, Signature Bank Former Executives Testify on Failures to Senate Committee
May 16, 2023
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Silicon Valley Bank former CEO Gregory Becker, Signature Bank former chairman and co-founder Scott Shay, and Signature Bank former president Eric R. Howell testify on “Examining the Failures of Silicon Valley Bank and Signature Bank” at 10 a.m. ET on May 16 to the U.S. Senate Banking Committee. …
LIVE NOW: Silicon Valley, Signature Bank Former Executives Testify on Failures to Senate Committee
May 16, 2023
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Silicon Valley Bank former CEO Gregory Becker, Signature Bank former chairman and co-founder Scott Shay, and Signature Bank former president Eric R. Howell testify on “Examining the Failures of Silicon Valley Bank and Signature Bank” at 10 a.m. ET on May 16 to the U.S. Senate Banking Committee. …
Big Banks to Pay Billions More in FDIC Fees After Bank Failures
Big banks in the United States will bear billions of dollars in extra fees to replenish a deposit insurance fund that was used to bail out banks in March, the Federal Deposit Insurance Corporation (FDIC) said on Thursday. The recent collapse of Silicon Valley Bank (SVB) and Signature Bank impacted the deposit insurance fund (DIF)…
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