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Former employee and longtime shareholder files new lawsuit against Silicon Valley Bank
There are still lawsuits being filed against Silicon Valley Bank nearly five months after its collapse.
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Former employee and longtime shareholder files new lawsuit against Silicon Valley Bank
There are still lawsuits being filed against Silicon Valley Bank nearly five months after its collapse. Scott Budman reports.
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Money stored in Venmo, PayPal, CashApp aren't FDIC insured and may be at risk, watchdog finds
Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps because their funds might not be safe during a crisis, a new report has found.
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Executives From Failed Banks Face Senate Grilling Over CEO Pay, Bonuses and Risk Management
Executives from two large U.S. banks that failed dramatically in March appeared in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities.
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California Bank Regulator Finds Own Faults in Bank's Demise
California’s bank regulator was too slow to see the growing risks at Silicon Valley Bank and did not act forcefully enough to get the bank to fix its problems.
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Fed Faults Silicon Valley Bank Execs, Itself in Bank Failure
The Federal Reserve blamed last month’s collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and said the industry needs stricter policing on multiple fronts to prevent future bank failures. Scott Budman reports.
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Fed Faults Silicon Valley Bank Execs, Itself in Bank Failure
The Federal Reserve blamed last month’s collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and said the industry needs stricter policing on multiple fronts to prevent future bank failures.
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Fed Report Blames SVB's Failure on Multiple Factors
The Fed blames SVB failures on mismanagement and supervisory missteps, compounded by a dose of social media frenzy. Scott Budman reports.
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Twitter's Role in Silicon Valley Bank Failure
Social media can sometimes be the spark that turns an issue into a crisis. Case in point: Twitter’s role in the collapse of Santa Clara-based Silicon Valley Bank. NBC Bay Area’s Raj Mathai spoke to Tony Cookson, the main author of a study that found that tweets about possible issues at Silicon Valley Bank spooked depositors — which led to...
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SVB Taken Over by First Citizens Bank
What remains of Silicon Valley Bank will be taken over by First Citizens Bank. Scott Budman reports.
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Troubled Silicon Valley Bank Acquired by First Citizens
First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second bank to fail and tested faith in the global banking sector.
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First Citizens to Acquire Troubled Silicon Valley Bank
North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. Scott McGrew reports.
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First Citizens Soars More Than 50% After Buying Large Chunk of Failed Silicon Valley Bank
The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.
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How Lobbyists Helped Roll Back Banking Reforms That Led to Collapse of SVB, Signature Bank
A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018.
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Bank Failures: Anger in Congress, But Division on What to Do
Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks.
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The Feds Lent Banks $300B This Week. Will Taxpayers End Up Footing the Bill?
The fed said banks had borrowed about $300 billion in emergency funding in the past week. So will ordinary Americans end up paying for it, one way or another?
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Silicon Valley Bank Under Justice Department Investigation
What remains of Silicon Valley Bank is not only being watched closely by its deposit holders, it’s now the subject of a justice department investigation.
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Silicon Valley Bank Under Justice Department Investigation
What remains of Silicon Valley Bank is not only being watched closely by its deposit holders, it’s now the subject of a justice department investigation. Scott Budman reports.
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Is Your Money and Bank Safe? What You Need to Know After the Recent Bank Failures
The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, may have you worried about your money. Here’s what these failures could mean to your money and bank.
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A Closer Look: FDIC Takes Over After Silicon Valley Bank Collapse
NBC Bay Area’s Raj Mathai spoke to Congressman John Garamendi, who represents the East Bay, and Oriana Papin-Zoghbi, is the CEO and co-founder of AOA Dx, about the latest developments in the Silicon Valley Bank collapse.