silicon valley bank
The Biden administration said it will guarantee uninsured deposits at both Silicon Valley Bank and Signature Bank.
SVB Financial Group is no longer affiliated with Silicon Valley Bank after its seizure by the Federal Deposit Insurance Corp.
The Justice Department and the Securities and Exchange Commission have launched investigations into the Silicon Valley Bank collapse.
Congress made stricter bank oversight optional in 2018, and lawmakers who backed the bill said regulators still had the tools they needed.
WHAT'S HAPPENING
The Senate leader donated campaign contributions related to the failed bank to charities, a spokesperson said.
After a frenetic weekend of round-the-clock briefings, U.S. policymakers took the audacious step of guaranteeing all the deposits of the failed Silicon Valley Bank.
Democratic support for a 2018 law easing regulations on mid-sized banks is complicating the party’s response to the recent chaos in the banking industry.
It's all reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago.
Evidence of Silicon Valley Bank’s “wokeness” remains thin as the GOP tries to ignore the role of deregulation in the bank's failure.
Within days of taking office, Trump promised to do ‘a big number’ on the landmark bank regulatory law and the following year boasted of having kept that pledge.