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The Fed passes the buck on bank failures End-shutdown
A certainty in politics is that the Federal Reserve will never accept responsibility for any financial problems. Fed Vice Chairman of Supervision Michael Barr played that game of self-exoneration Tuesday before the Senate when he blamed bankers and Congress for the failure of Silicon Valley Bank. This act is just amazing. No one disputes that […]
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CIO Interview: Russ Thornton, Shawbrook Bank CTO End-shutdown
Orchestrating vendors and IT teams during a major digital transformation is what Russ Thornton is doing in his role as CTO at Shawbrook UK savings and loan bank. Bringing together a large group of people with different skills and having them collaborate is not new to him. Music director by training, Thornton “fell into computers […]
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Signature Bank Crypto Execution – WSJ End-shutdown
Barney Frank says that regulators seized Signature Bank last weekend because they wanted to send a message to other banks not to do business with the crypto industry. The evidence is increasingly suggesting that the former congressman may be right. The New York Department of Financial Services took possession of Signature on Sunday after it […]
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Silicon Valley Bank: Parent Company, CEO and CFO South Amid Market Turmoil | Silicon Valley Bank End-shutdown
SVB Financial Group and two top executives have been sued by shareholders over the collapse of Silicon Valley Bank, as global stocks continued to suffer on Tuesday despite reassurances from US President Joe Biden. Bank shareholders accuse SVB Financial Group Chief Executive Greg Becker and Chief Financial Officer Daniel Beck of concealing how raising interest […]
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Startups ‘on pins and needles’ until their funding is removed from Silicon Valley Bank: NPR End-shutdown
A property manager representative passes a sign at the Silicon Valley Banks headquarters in Santa Clara, California, on March 10, 2023. NOAH BERGER/AFP via Getty Images hide title toggle title NOAH BERGER/AFP via Getty Images A property manager representative passes a sign at the Silicon Valley Banks headquarters in Santa Clara, California, on March 10, […]
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The real reason Silicon Valley bank collapsed End-shutdown
As is the case with most episodes like this, there isn’t one story at play, but rather many; there is not one lesson, but many.
