Government’s SVB Intervention Saved Insurers From Significant D&O Claims March 15, 2023 By Chad Hemenway Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers...
Signature Bank Hit With Investor Suit Over Failure March 15, 2023 By Patricia Hurtado Signature Bank was hit with its first investor suit since the bank went into receivership Sunday, accused of making misleading...
Signature Bank Faced Criminal Probe Ahead of Firm’s Collapse March 15, 2023 By Tom Schoenberg, Ava Benny-Morrison and Austin Weinstein US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend, according...
Buttigieg Says Recent U.S. Aviation Close Calls ‘Deeply Troubling’ March 15, 2023 By David Shepardson U.S. Transportation Secretary Pete Buttigieg said on Tuesday that a series of aviation close calls was “deeply troubling and deserve...
SVB’s Lack of Risk Officer Emerges as Focus in Fed Probe March 15, 2023 By Katanga Johnson, Joel Rosenblatt and Chris Dolmetsch Silicon Valley Bank’s lack of a chief risk officer for much of last year is being examined by the Federal...
Ex-Goldman Banker Faces Insider Trading Trial After Being Cut Off by Bank’s Insurer March 14, 2023 By Greg Farrell A former Goldman Sachs Group Inc. vice president who goes on trial for insider trading in June is scrambling to...
U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW March 14, 2023 U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate...
Amgen Sued by Pension Fund for Failing to Disclose $10B Tax Bill on Timely Basis March 14, 2023 By Robert Burnson Amgen Inc. misled investors about its financial health by failing to reveal that it may be on the hook for...
Court Rules Uber, Lyft Can Classify Gig Workers as Contractors March 14, 2023 By Jackie Davalos Uber Technologies Inc., Lyft Inc. and other gig economy companies scored a victory after a California appeals court upheld the...
Zuckerberg Was Warned on Social Media Addiction, Filing Says March 14, 2023 By Joel Rosenblatt Employees at Meta Platforms Inc. and ByteDance Inc. were aware of the harmful effects of their platforms on young children...