HSBC is thinking globally, but acting locally, to build 'Innovation Banking' from the Bay Area
Buying the U.K. operations of SVB for barely $1 gave HSBC a toehold for its startup banking ambitions Silicon Valley Bank’s ...
American Banker13d
FDIC sues 17 former SVB leaders for negligence leading to failure
The lawsuit alleges mismanagement and fiduciary breaches caused SVB's 2023 collapse, costing the Deposit Insurance Fund $23 ...
FDIC sues 17 ex-SVB executives in alleged ‘gross negligence’
The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives ...
cryptopolitan13d
17 Silicon Valley Bank execs sued by the FDIC for their role in its collapse
The Federal Deposit Insurance Corporation (FDIC) filed a massive lawsuit today targeting 17 former executives and directors ...
National Mortgage News7d
GAO: post-SVB emergency actions 'likely' prevented crisis
A Government Accountability Office report Thursday said emergency actions taken by federal regulators in the wake of Silicon ...
Reuters15d
FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
Silicon Valley Bank's March 10, 2023 collapse and seizure by the FDIC shocked financial markets. It disrupted many technology startups whose deposits it held, and upset many customers because an ...
Banking regulator rescinds more than 200 job offers for examiners it needs
A government-wide hiring freeze is adding to a staffing shortage at the Federal Deposit Insurance Corp., complicating the ...
Why banks fail: Outgoing FDIC chief Martin Gruenberg assesses banking industry risks
By most measures, the nation's banking system is in solid shape, with just two failures in 2024. Yet the outgoing chairman of ...
Why banks fail: Outgoing FDIC chief Gruenberg assesses banking industry risks
Silicon Valley Bank's failure was tied to having a high proportion of uninsured ... Despite that scare, uninsured deposits ...