Silicon Valley Bank was warned by BlackRock that risk controls were weak
Consultants said systems lagged behind peers more than a year before lender’s collapse fomented a banking crisis
Date: | Mar. 18, 2023 3:00 PM ET |
Link: | More at "Financial Times" |
Source: | UK homepage - ft.com |
Category: | Business |
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BlackRock warns that investors are making a mistake by betting on the Fed to cut rates
The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.
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Mar. 27, 2023 - UK homepage - Business -
IMF chief warns global financial stability at risk from banking turmoil
Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapsesThe head of the International Monetary Fund has warned that the global economy faces risks to its financial stability because of the ...
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Bank of England says it warned US regulators over SVB risks before its collapse
Governor Andrew Bailey defends his team’s supervision in letter to parliamentary committee
Mar. 22, 2023 - UK homepage - Business -
China’s banking troubles are not the same as Silicon Valley Bank, economist says
China's small banks' problems reflect local issues, but do not pose systemic risks, said Zhu Min of the China Center for International Economic Exchanges.
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Silicon Valley Bank failure is ‘punishing mid-size banks,’ Democratic congressman says
Rep. Brad Sherman (D-Calif.) calls the Silicon Valley Bank failure a result of both mismanagement and a lack of regulation.
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The FDIC announced the purchase of Silicon Valley Bank by First Citizens Bancshares, and First Republic's stock rose on reports of more U.S. support for banks.
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Silicon Valley Bank's deposits and loans to be bought by First Citizens Bank
First Citizens Bank has reached a deal to buy Silicon Valley Bank after the California lender's stunning collapse earlier this month. CBS News' Tony Dokoupil and Lilia Luciano are joined by Wall Street Journal market reporter Hannah Miao with more.
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