On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly stated that she was “not regularly aware” of the problems with Silicon Valley Bank (SVB) and said that doing this
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly responded to a question on why the weaknesses in Silicon Valley Bank weren’t identified by stating that while there are
Sen. J.D. Vance’s (R-OH) amendment to prevent megabank consolidations has advanced out of the Senate Banking Committee.
The fact that the market reacted to Fed Chair Jerome Powell’s assurances about the health of the banking sector with a rout in bank stocks raises serious questions about Powell’s credibility.
First Republic won’t be the last bank to fail, Breitbart Economics Editor John Carney warned Fox Business host Larry Kudlow in an interview Monday following JPMorgan Chase’s acquisition of the failed bank.
The Fed says it will rethink its approach to regulating banks like Silicon Valley Bank.
The bank panic now appears to have been transitory.
This is not the sort of jobs report you would expect if the economy was teetering on the edge of a recession.
On Monday’s broadcast of C-SPAN’s “Washington Journal,” Moody’s Analytics Chief Economist Mark Zandi stated that ultimately, “we all bear the cost” of backstopping the depositors of Silicon Valley Bank and Signature Bank because banks will pass part of the cost
Big Blue Banking and the Democrats plan to stay woke. If and when they go broke, they will bail themselves out with other people’s money. That’s how the rich stay rich and get richer.
The Bank Panic Is Not Getting Worse The banking panic appears to have receded, at least for the time being. The Federal Reserve on Thursday released its weekly balance sheet report, affectionately known as “factors affecting reserve balances” or “H.4.1”
On Wednesday’s broadcast of CNBC’s “Power Lunch,” Rep. Josh Gottheimer (D-NJ) stated that we still don’t know what regulators did over the weekend that Silicon Valley Bank collapsed. Co-host Tyler Mathisen asked, “Chairman McHenry was incensed, I guess is a
Sens. Josh Hawley (R-MO) and Elizabeth Warren (D-MA) are leading a bipartisan group of senators in introducing legislation that would allow federal regulators to take back “all or part of” the compensation bank executives received in the five years preceding the event of another bank failure.
Earl Wright and Alfredo Ortiz write for foxbusiness.com warning against overzealous regulation of community banks in the wake of the Silicon Valley Bank failure because they offer the majority of small business loans and an even greater proportion of farm loans.
Silicon Valley Bank should have concentrated on safeguarding their depositors’ money and making sound investments, but failed bank was too narrowly focused on pushing a progressive agenda.
On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Sen. Steve Daines (R-MT) criticized regulators at the San Francisco Federal Reserve for focusing on climate change and pointed out that the bank characterized “financial risks from climate
In a system of competitive banking, there will always be banks that misjudge the risks they face, and sometimes this will mean they fail.
Sen. Bill Hagerty (R-TN) said during a Senate Banking Committee hearing on Tuesday that he found it “damning” that the CEO of Silicon Valley Bank was on the San Francisco Federal Reserve board one day before the bank collapsed.
On the latest episode of the Drill Down podcast, Government Accountability Institute President and New York Times bestselling author Peter Schweizer and GAI Vice President Eric Eggers tackle the recent failure of Silicon Valley Bank – and reveal California Gov. Gavin Newsom’s personal interest in the bank’s bailout.
The run on Silicon Valley Bank was triggered by depositor concerns over losses the bank had suffered due to rising interest rates. Which raises the question: why was the bank so exposed to interest rate risk?
Republican presidential candidate and entrepreneur Vivek Ramaswamy told Breitbart News in an exclusive interview that slashing the Fed and unleashing growth is the key to getting out of the banking crisis.
North Carolina-based First Citizens Bank and Trust has purchased Silicon Valley Bank (SVB), the tech industry favorite that collapsed earlier this month amidst an historic bank run.
It’s clear that SVB was focused on solving the wrong ones, placing far too much emphasis on diversity between the sheets rather than in its portfolio.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Brad Sherman (D-CA) stated that the FDIC insurance that was used to backstop depositors at Silicon Valley Bank (SVB) and that federal officials have said could be used in the future
Treasury Secretary Janet Yellen was more concerned about climate change than the looming risks to our banking system brought on by the rapid rise of interest rates, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Fiscally sound banks will probably sue the Federal Deposit Insurance Corporation (FDIC) for charging them higher fees to offset the bailout of unsound banks, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
On Wednesday’s broadcast of “PBS NewsHour,” Harvard University Economics Professor and former Chief Economist at the International Monetary Fund Ken Rogoff said that the Federal Reserve and Treasury Department have signaled that they’ll “protect depositors, even ones with billions of dollars
On Wednesday’s broadcast of CNN’s “Situation Room,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that the failure of Silicon Valley Bank “was a failure
Federal Reserve Chair Jerome Powell said during Wednesday’s press conference that the Fed would use “all of our tools” to keep the banking system safe in the wake of the Silicon Valley Bank (SVB) collapse earlier this month.
Sixteen Republican Attorneys General are blaming President Joe Biden’s leftist climate and energy agenda for helping to crash a major Silicon Valley bank.
Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed.
Europe’s banking sector is not in crisis despite the collapse of two major players on the continent, a sector official in France has said.
Prominent lawmakers are calling for the Federal Deposit Insurance Corporation (FDIC) to raise the ceiling on its $250,000 insurance limit following the collapse of Silicon Valley Bank.
On Monday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Dan Meuser (R-PA) reacted to reporting from The Wall Street Journal that was confirmed by ABC News that the Federal Reserve knew of problems with Silicon Valley Bank (SVB) back in 2019
Job Creators Network (JCN) President and CEO Alfredo Ortiz told Breitbart News that it is now incumbent on Congress to combat inflation by halting spending as the Federal Reserve is likely to put the brakes on rate hikes following the Silicon Valley Bank (SVB) collapse.
In the aftermath of the collapse of Silicon Valley Bank (SVB), the 16th biggest bank in the country, many are left wondering what went wrong. Both current and former employees have stated that the bank’s support of remote work is a contributing factor.
The Federal Deposit Insurance Corporation (FDIC) extended the bidding period for the Silicon Valley Bridge Bank, after “substantial interest from multiple parties” and will continue to operate the Bank to “stabilize” the institution and “market the franchise.”
The House Freedom Caucus said in a statement on Monday that they oppose bailing out the banking industry for what should be considered a failure of regulators not to see the coming crisis.
Actress Sharon Stone told an awards event crowd on Thursday that she lost half her money in the wake of the Silicon Valley Bank failure.
Half of the companies in the U.S. devoted to climate change and biotech banked with the now-failed Silicon Valley Bank (SVB), leaving many of those companies looking for financial backers willing to take on the risk.
