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DeSantis and other prominent Republicans blame 'woke' politics for Silicon Valley Bank's collapse instead of bankers miscalibrating risk

Mon, 03/13/2023 - 21:51

Tech Insider : Politics

James Comer, a door to Silicon Valley Bank, and Ron DeSantis are pictured. — Republican Rep. James Comer of Kentucky (left) and Florida Gov. Ron DeSantis have claimed that politics may have been behind Silicon Valley Bank's downfall.
AP Images/Insider composite

politics, News, Silicon Valley Bank, Silicon Valley Bank collapse, Republicans, James Comer, Ron DeSantis

Why Silicon Valley Bank's customers were bailed out

Mon, 03/13/2023 - 15:45

svb silicon valley bank building cop — Justin Sullivan/Getty Images

Tech Insider, finance, Silicon Valley Bank, Bailout, SVB, Bailouts, Bank failures

The rescue of SVB and Signature Bank depositors leaves the incentive for bank runs, Wharton finance professor says

Mon, 03/13/2023 - 13:36

A worker arrives to the Signature Bank headquarters in New York City, U.S., March 12, 2023. REUTERS/Eduardo Munoz — Signature Bank headquarters in New York City.
REUTERS/Eduardo Munoz

Markets, MI Exclusive, Bank Run, Signature Bank, Dodd-Frank, Silicon Valley Bank, Financial Crisis

Regulators didn't have to shutter Signature Bank, says Dodd-Frank Act coauthor Barney Frank, who helped oversee the lender: 'We could've continued'

Mon, 03/13/2023 - 12:30

Barney Frank — Barney Frank.
REUTERS/Jonathan Ernst

Markets, MI Exclusive, Barney Frank, Signature Bank, Silicon Valley Bank, SVB, bank failure

A bank CEO explains how the Silicon Valley Bank failure could actually build trust in the system and why it'll have little impact on Fed policy

Mon, 03/13/2023 - 11:59

Silicon Valley Bank failure — Silicon Valley Bank
NurPhoto / Getty

Markets, MI Exclusive, Silicon Valley Bank, SVB, Signature Bank, bank crisis, Regulators

Paul Krugman says Silicon Valley Bank 'was a kind of affinity fraud a la Madoff' because it sold itself on false pretenses

Mon, 03/13/2023 - 11:14

paul krugman — Paul Krugman.
REUTERS/Brendan McDermid

Markets, MI Exclusive, Paul Krugman, SVB, Silicon Valley Bank collapse, Silicon Valley Bank, Cryptos

Markets think the odds that the Fed pauses rate hikes at its upcoming meeting have shot up after Silicon Valley Bank's failure

Mon, 03/13/2023 - 10:25

Federal Reserve Chair Jerome Powell — Federal Reserve Board Chairman Jerome Powell.
Kevin Dietsch/Getty Images

Markets, MI Exclusive, Stocks, Bonds, Yields, Federal Reserve, Jerome Powell

Charles Schwab plunges 19% as investors worry about banks sitting on big bond losses following Silicon Valley Bank collapse

Mon, 03/13/2023 - 09:43

NYSE trader — Drew Angerer/Getty Images

Markets, MI Exclusive, Stock Market, Charles Schwab, Silicon Valley Bank, Mover, Interest Rates

Silicon Valley Bank's issues were hiding in plain sight, and its collapse damages the Fed's reputation as a regulator, DataTrek says

Mon, 03/13/2023 - 09:03

jerome powell — Federal Reserve Board Chairman Jerome Powell.
Yuri Gripas/Reuters

Markets, MI Exclusive, Jerome Powell, Federal Reserve, Treasurys, FDIC, Regulators

'Big Short' investor Michael Burry blames SVB's collapse on greed and recklessness - and draws parallels with the dot-com and housing crashes

Mon, 03/13/2023 - 05:31

Michael Burry Getty — Michael Burry.
Kevin Mazur/WireImage

Markets, MI Exclusive, Stocks, Michael Burry, The Big Short, Scion Asset Management, Silicon Valley Bank

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