SVB Financial Sues FDIC to Recover $1.9B Seized in Bank Rescue July 10, 2023 Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that the...
Viewpoint: What Role Could Insurance Premium Finance Have Played in Recent Bank Failures? July 6, 2023 By Bill Villari On March 10, while most Americans were diligently toiling away in their jobs, very few people likely understood the silently...
Bankruptcy Judge Rules Directors of Failed SVB Can Tap D&O Insurance May 25, 2023 By Jim Sams A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into...
Banking System ‘Remains Sound’ After First Republic Resolution: U.S. Treasury May 1, 2023 The U.S. Treasury Department is encouraged that First Republic Bank was resolved with the least cost to the Deposit Insurance...
Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction May 1, 2023 By Scott Murdoch, Niket Nishant and Chris Prentice Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co. on Monday, in a deal to...
Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits May 1, 2023 By Jack Queen A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to...
Fed Plans Broad Revamp of Bank Oversight After SVB Failure April 28, 2023 By Ann Saphir, Hannah Lang and Chris Prentice The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for...
Embroker: Business Insurance Shoppers Concerned With Startup Leadership Post-SVB April 25, 2023 Following the closure of Silicon Valley Bank (SVB), VC-backed startups were increasingly looking for stronger protection in case their assets...
SVB Failed From Mismanagement, Not Loose Regulations: FDIC April 13, 2023 By Hannah Lang Management failures, not loose regulations, prompted Silicon Valley Bank’s sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC)...
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure April 11, 2023 By Joel Rosenblatt and Robert Burnson KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America...