MYSTERIOUS: 6 - What They Never Told You

Fed’s Barr: SVB ignored ‘bread and butter’ banking issues - Roll Call

The Fed official in charge of bank supervision said SVB was warned about its risks and that it ignored “bread and butter” banking issues.

Roll Call · Mar 28, 2023

Watch live as Senate committee holds hearing on Silicon Valley Bank collapse

Watch live as a US Senate committee holds a hearing on the collapse of Silicon Valley Bank.

The Independent UK · Mar 28, 2023

US senators grill banking regulators in first Silicon Valley Bank hearing

Lawmakers aim to determine how Silicon Valley Bank and Signature Bank failed, sparking fears of financial crisis

The Guardian - US · Mar 28, 2023

Watch as Bank of England governor speaks to Treasury committee on SVB rescue

Watch as Bank of England governor Andrew Bailey speaks to the Treasury committee about Silicon Valley Bank (SVB) after its £1 rescue by HSBC.

The Independent UK · Mar 28, 2023

Commentary: How Big Tech’s predatory culture fuels failures like Silicon Valley Bank

After 20 years of what appeared to be unstoppable growth, America’s tech industry has spent the past year underperforming the rest of the economy. Product failures in new industries like virtual reality and cryptocurrency, layoffs across the board, lower stock prices, and the failure of Silicon Valley Bank create a…

Los Angeles Times · Mar 28, 2023

SVB collapse was ‘fastest since Barings’, Bank of England says, in call for vigilance – as it happened

Treasury committee holds hearing on the sudden collapse of Silicon Valley Bank this month

The Guardian - UK · Mar 28, 2023

Can Australia’s banks withstand the contagion stalking the global finance sector?

The seeds of a shock have been planted. The question is whether that will grow into a threat to bank stability and the broader economy

The Guardian - AU · Mar 28, 2023

Fed official: SVB itself was main cause of bank's failure

The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse

The Independent UK · Mar 28, 2023

News briefs

Lawmakers open to Biden’s call to claw back SVB executive pay

Tribune News Service · Mar 28, 2023

FDIC grants First Citizens rare credit line for SVB

First Citizens BancShares Inc.’s acquisition of Silicon Valley Bank came with an unusual provision: a $70 billion line of credit, courtesy of the Federal Deposit Insurance Corp.

Tribune News Service · Mar 27, 2023