Tag: iab consumer banking
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Biden vows to hold “fully accountable” those responsible for the failure of Silicon Valley Bank
Washington CNN — President Joe Biden said on Sunday that under his leadership, U.S. Treasury Secretary Janet Yellen and his top economic adviser Lael Brainard were working with financial regulators to ensure that households and businesses affected by the Silicon Valley Bank and Signature Bank bankruptcies would have access to their deposits, and he promised […]
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Takeaway from America’s second largest bank failure
New York CNN — The 48-hour collapse of the Silicon Valley Bank led to the second-largest bankruptcy of a financial institution in US history. SVB was one of America’s 20 largest commercial banks and is now under the control of the US Federal Deposit Insurance Corporation after it became unable to reimburse customers who had […]