WASHINGTON — The federal government’s rescue of two failed banks last month has drawn criticism from some lawmakers and investors, who accuse the Biden administration and the Federal Reserve of bailing out wealthy customers in California and New York and sticking bank customers in Middle America wit...

Trust in central and commercial banks is eroding quickly. The internet and social media are oil in the fire and Bitcoin is the extinguisher... TRUST US, BRO’ AS THE ONLY TOOL LEFT Banking only works when there is trust. It’s fundamentally based on the belief that the banking system is strong and res...

BO'AO, China — China's small banks have problems — but they don't carry the same risks as those exposed by the collapse of Silicon Valley Bank, said Zhu Min, vice president of the China Center for International Economic Exchanges, a state-backed think tank. Issues at a handful of smaller Chinese ban...

Silicon Valley Bank stock has reopened for trading after being halted for nearly three weeks, and the stock is swinging wildly. The collapsed bank's stock was halted for trading on March 9 after it failed to raise $2.1 billion and ease concerns about its deposit base. One day later, the bank failed ...

The recent collapse of the Silicon Valley Bank (SVB) in the United States, and its cascading effect on India’s tech startup ecosystem, has thrown a much-needed spotlight on why such startups domiciled – or resided – in the US in the first place, and why it is pertinent to bring them “back to India”....

As the dust settles on the Silicon Valley Bank saga, India’s start-up and investor communities are treading with caution. Their biggest lesson learnt: diversify risks from day one The immediate bullet has been dodged,” serial entrepreneur K. Ganesh tells us over a Zoom call, almost a week after US r...

The secretive world of Federal Reserve bank supervision has been laid bare by the collapse of Silicon Valley Bank and critics say it needs an overhaul to make it more nimble, transparent and decisive. In hearings this week, Fed Vice Chair for Supervision Michael Barr told lawmakers that supervisors ...

Chinese regulators held a meeting with banks to gauge their interest in taking over Silicon Valley Bank’s stake in a local joint venture, Bloomberg News reported on Thursday. China's Banking and Insurance Regulatory Commission convened a meeting this week to discuss the offloading of SVB’s 50% holdi...

A group of conservative Republicans representatives known as the House Freedom Caucus came out last week against any proposal that would lift the cap on deposit insurance, currently set at $250,000. Members of US Congress on both sides of the aisle are understandably cautious about taking such a dra...

An odd narrative which emerged following the dramatic collapse of Silicon Valley Bank was that it was the "first Twitter-fueled bank run," with notables such as Peter Thiel and Bill Ackman taking the blame for influencing businesses to withdraw funds from the bank Also promoting this absurd narrativ...

First Citizens said it would not pay cash upfront for the deal. Instead, it said it granted equity appreciation rights in its stock to the FDIC that could be worth up to $500 million. U.S. regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares FCNCA.O to a...

According to the deal, First Citizens Bank will purchase approximately $72 billion of the SVB assets at a discount of $16.5 billion. However, around $90 billion in securities and other assets will remain in receivership for disposition by the FDIC. First Citizens has also acquired SVB Private.  Regu...