Federal Reserve Chair Jerome Powell pushed back against the idea that regulators should have been punished following the ...

The Federal Deposit Insurance Corporation can cover deposits that are not insured. They did that in 2023, which required authority from the treasury secretary.

At the time, I observed that the litigation would likely involve California corporate law: Because both First Republic Bank and Silicon Valley Bank are California corporations, California ...

First Republic Bank was the second-largest bank failure in U.S. history, with $232 billion in assets as of March 2023, followed by Silicon Valley Bank as the third-largest bank failure ...

(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank ... duty that caused the bank’s March 2023 collapse, one of the largest US banking failures.

Before the pandemic, investors worried about how persistently low inflation and interest rates would crimp bank profits.

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...

Thursday sued 17 former executives and directors of Silicon Valley Bank, accusing them of gross negligence and breaching fiduciary ... Following the failure — which triggered a regional banking crisis ...

The Federal Deposit Insurance Corp. sued more than a dozen former Silicon Valley Bank executives for “egregious mismanagement” and negligence that allegedly led to the bank’s dramatic ...

Silicon Valley Bank had about $209 billion of assets when it failed. Larger U.S. bank failures include Lehman Brothers in 2008, Washington Mutual including its banking unit in 2008, and First ...