Leaders of the Senate’s banking committee are looking into the collapse of Silicon Valley Bank and Signature Bank and have told the ex-CEOs that they expect them to testify
A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018
The measures requested by the president include clawing back compensation and making it easier to bar failed bank executives from working in the industry
Just hours before Balwani was supposed to surrender to authorities, his lawyer filed documents notifying U.S. District Judge Edward Davila that he wouldn’t be doing so
The search for causes and culprits for the Silicon Valley Bank failure is refocusing attention on a 2018 federal law that rolled back tough bank regulations put in place after the 2008 financial crisis
Critics point to many red flags surrounding Silicon Valley Bank, including its rapid growth since the pandemic and its unusually high level of uninsured deposits
The lawsuit says some quarterly and annual financial reports from SVB didn’t fully account for warnings from the Federal Reserve about interest rate hikes
Entrepreneurs who had deposited all their startups’ money in Silicon Valley Bank are now realizing it makes more sense to spread their funds across several institutions
US authorities have asserted that deposits are guaranteed while investors keep dumping shares and central banks rethink their monetary policy following the collapse of Silicon Valley Bank and Signature Bank
What’s happening is eerily reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago. Yet the initial pace this time around seems even faster
The son of Chinese immigrants to the US, Wang dropped out of college after his freshman year to found Scale Al, a company that helps companies like Uber, Toyota, and Airbnb optimize their artificial intelligence systems
Silvia Vasquez-Lavado, a former executive at eBay and Paypal, has published a memoir explaining how she went from shunning nature walks to climbing the world’s Seven Summits
The secretive Altos Labs, which is said to be backed by Jeff Bezos and Yuri Milner, has recruited leading specialists to find ways of reprogramming cells and ultimately prolong human life
Having reached the top through a supposedly revolutionary technology to diagnose disease, the Theranos founder is now facing 12 counts of fraud and conspiracy and could be sentenced to 20 years