Silicon Valley Bank

Bonuses for execs of failed banks could be recouped under bill advancing in U.S. Senate

BY: - June 21, 2023

WASHINGTON — U.S. senators on a panel with jurisdiction over banking regulations on Wednesday approved a bipartisan bill that would allow government officials to “claw back” compensation from banking executives who fail to thwart massive failures like the historic run on Silicon Valley Bank earlier this year. Members of the Senate Committee on Banking, Housing […]

Regulators ended last week like they started — tamping down fears, rescuing a bank

BY: - March 20, 2023

Financial regulators, policymakers, and bank executives spent last week trying to abate fears that a banking crisis will spread across the U.S. financial system.  On Friday, President Joe Biden released a statement calling on Congress to take action to make it easier for regulators to hold senior bank executives accountable for their mismanagement.  “It should […]

Biden says U.S. bank deposits are safe despite tumult over California bank collapse

BY: - March 13, 2023

WASHINGTON — President Joe Biden reassured Americans early Monday that their money is safe in U.S. banks, after a tumultuous weekend following the collapse of Silicon Valley Bank and a move by regulators to shut down a second lender. Americans “should feel confident that their deposits will be there, if and when they need them,” […]