When Silicon Valley Bank collapsed this month, analysts and policymakers quickly began considering how to prevent similar failures from happening in the future. While there are changes that lawmakers should consider, when it comes to financial regulation, history shows us that politicians are usually reacting to the last crisis and one step behind the next one.
Opinion: The SVB collapse doesn't have to be the first in a chain of many
When Silicon Valley Bank collapsed this month, analysts and policymakers quickly began considering how to prevent similar failures from happening in the future. While there are changes that lawmakers should consider, when it comes to financial regulation, history shows us that politicians are usually reacting to the last crisis and one step behind the next one.
| Date: | Mar. 19, 2023 4:36 PM ET |
| Link: | More at "CNN" |
| Source: | CNN.com - RSS Channel - HP Hero - cnn.com |
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Opinion: What SVB's collapse means for the tech industry
With the shocking failure of Silicon Valley Bank on Friday, I'm sure the lights are on late this weekend at the White House, Treasury, Fed and the Federal Deposit Insurance Corporation.
Mar. 11, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
House Financial Services Committee schedules first hearing on collapse of SVB, Signature Bank
The House Financial Services Committee is scheduled to hold a hearing later this month on the collapse of Silicon Valley Bank and Signature Bank, which spooked markets and pumped uncertainty into the banking industry. The hearing — set for March ...
Mar. 17, 2023 - Just In News | The Hill - Politics -
SVB collapse is first social media-based bank run, senator says
The collapse of Silicon Valley Bank (SVB) marked the first “social media, internet-based bank run” in U.S. history, Sen. Mark Warner (D-Va.) said Thursday. During a Senate Finance Committee hearing, Warner placed blame on venture capitalists and ...
Mar. 16, 2023 - Just In News | The Hill - Politics -
‘The first Twitter-fuelled bank run’: how social media compounded SVB’s collapse
The speed at which Silicon Valley Bank collapsed has left experts questioning whether social media has opened up entirely new risks in the world of financeShares in banks all over the world have plummeted in recent days as fears that the collapse ...
Mar. 16, 2023 - The Guardian - World -
'I am personally sticking with SVB': Prominent tech figures pledge support for bank
After a rollercoaster week for Silicon Valley Bank's customers, some prominent voices in the tech world are now publicly saying they will keep their money with the embattled lender -- and they're urging others to do the same.
Mar. 17, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
Opinion: The shutdown of SVB is more of the same for Millennials
The shutdown of Silicon Valley Bank has a lot of Americans understandably worried. Chaos and tension are palpable. The Biden administration is scrambling to stabilize the banking sector and many populist voters are chafing at the idea of what they ...
Mar. 14, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
European lawmakers are quietly miffed at U.S. regulators over SVB's collapse
Regulators and officials across the European Union have been nervous about potential contagion to their own banking sector.
7 hours ago - US Top News and Analysis - Business - Europe -
Financial conditions are tightening after SVB's collapse and could slow the economy, Powell says
The regional banking crisis could slow the U.S. economy even as deposits stabilize, the Fed chair said.
18 hours ago - US Top News and Analysis - Business -
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
20 hours ago - UK homepage - Business -
Powell says banking system is 'sound' following SVB collapse
Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. banking system remains “sound and resilient” following the second- and third-largest bank failures in the nation’s history. Silicon Valley Bank and Signature Bank collapsed ...
20 hours ago - Just In News | The Hill - Politics -
SVB collapse is double-whammy for tech startups already navigating brutal market
Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank's failure this month complicated their situation.
Mar. 20, 2023 - US Top News and Analysis - Business -
SVB Collapse Shows Smaller Banks Can Pose Risk
Former regulators say Washington has been too focused on ‘too big to fail’ banks.
Mar. 20, 2023 - WSJ.com: US Business - Business -
Small Businesses Stress-Test Their Banks After SVB Collapse
Some entrepreneurs are asking tough questions or shifting deposits. “I think we need to analyze banks just like they analyze us,” a restaurateur said.
Mar. 20, 2023 - WSJ.com: US Business - Business -
Start-ups learn the hard way how to manage cash after SVB’s collapse
Many founders have scrambled to recover funds they had parked in large amounts at the failed lender
Mar. 19, 2023 - UK homepage - Business -
Warren takes center stage in banking fight after SVB collapse
The Silicon Valley Bank (SVB) collapse and turmoil in the banking industry are providing a moment for Sen. Elizabeth Warren (D-Mass.) to jump back into the spotlight. And Warren, who rose to prominence as a consumer protection advocate and has ...
Mar. 18, 2023 - Just In News | The Hill - Politics -
Outside the Box: SVB’s collapse exposes the Fed’s massive failure to see the bank’s warning signs
SVB's conduct should have sent alarm bells ringing, but the San Francisco Federal Reserve Bank appears not to have heard them, writes Aaron Klein.
Mar. 18, 2023 - MarketWatch.com - Top Stories - Business -
SVB execs sold stock before collapse, federal disclosures show
Former SVB President and CEO Greg Becker sold over $3.5 million of his company stock holdings on Feb. 27, according to a disclosure made to the SEC.
Mar. 17, 2023 - ABC News: Top Stories - Top stories -
Biden calls for penalties for bank executives after SVB collapse – as it happened
President calls on Congress to expand FDIC’s authority to claw back compensation – including gains from stock salesSign up to receive First Thing – our daily briefing by emailA more serious concern for Congress and the White House is TikTok, the ...
Mar. 17, 2023 - The Guardian - World - Joe biden -
Microsoft stock notches best week in nearly 8 years following SVB collapse, OpenAI’s ChatGPT popularity
Microsoft stock gains as the collapse of Silicon Valley Bank and the popularity of OpenAI's ChatGPT drives investors to an established tech name.
Mar. 17, 2023 - MarketWatch.com - Top Stories - Business - Microsoft -
The collapse of SVB shows why monetary policy is the wrong tool to fight inflation
Three banks have failed, and several more are on the docket for downgrades by credit rating agencies. The post mortem of a bank failure always reveals idiosyncratic mistakes the bank made. In the case of the Silicon Valley Bank, it relied ...
Mar. 17, 2023 - Just In News | The Hill - Politics -
SVB parent company files for bankruptcy after bank collapse
SVB Financial Group filed for Chapter 11 bankruptcy Friday following the collapse of its former subsidiary Silicon Valley Bank, the second-largest bank failure in U.S. history. The parent company said that Silicon Valley Bridge Bank — which was ...
Mar. 17, 2023 - Just In News | The Hill - Politics -
SVB parent files for bankruptcy after bank collapse
Company to use court-supervised process to salvage value from surviving units
Mar. 17, 2023 - UK homepage - Business -
Icahn urges Fed to keep fighting inflation ‘disease’ after SVB collapse
Comments by activist investor come ahead of US central bank’s rate-setting meeting next week
Mar. 17, 2023 - World - World - Federal reserve -
SVB collapse blame game, crypto banks fail, and the truth about password safety
Bloomberg Businessweek's Max Chafkin tells "Nightcap's" Jon Sarlin that the run on Silicon Valley Bank suggests venture capitalists are not as smart as they think they are. Plus, crypto podcaster Jacob Silverman discusses why the collapse of two ...
Mar. 16, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
Writer rips venture capitalists' role in SVB collapse
Bloomberg Businessweek Columnist and author of "The Contrarian: Peter Thiel and Silicon Valley's Pursuit of Power" Max Chafkin tells "Nightcap's" Jon Sarlin how tech leaders and VCs "behaved in a panicked herd mentality" when SVB started having ...
Mar. 16, 2023 - CNN.com - RSS Channel - HP Hero - Top stories