Company
Former major lender to technology startups and venture capital firms that collapsed in March 2023; its assets were acquired by First Citizens Bank.
Michelle Bowman, the Fed's Vice Chair for Supervision, told a Bangkok audience that other countries should copy her three supervisory changes. She also chairs an FSB committee, so the criticism of Basel and the FSB comes from a member with a seat.
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Kevin Warsh's hawkish Fed sent the 10-year Treasury yield up more than half a point to about 5.3% in September, a Fortune column argues. Its own account of traders dumping long bonds describes the term premium it dismisses, with the Fed as the cause.
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Erebor, the Palmer Luckey-backed national bank, has taken in more than $7 billion of deposits, and its June filing showed $77.8 million of loans. Its cash would cover a Silvergate-sized run, so the tighter limit on its growth is the 12% leverage floor the OCC set.
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Circle told the European Commission that only 3 of the world's top 25 stablecoins are authorized under MiCA, in its response to the law's review. Circle issues two of the three, and it ties the gap to bank-deposit and concentration rules it wants loosened.
Perspective Coverage
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Polymarket has taken $77,507 in positions on whether the world's biggest banks, HSBC and Lloyds among them, fail by year-end. For British lenders the exposure is how fast that price could travel on social media during a period of stress.
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The Starling Trust Sciences review found Fed supervisors felt safer taking no action, and Bowman's response is a standing report on where examiners were uncertain, visible to leadership in real time. She has not published the review.
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The first report from the Fed's outside review of its own Silicon Valley Bank supervision backs most of what three earlier audits found, but clears the social media posts blamed in 2023 of creating the condition depositors ran from.
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The firm's case rests on one comparison, that Microsoft's founders held almost four-fifths of their company at IPO while most founders now hold under a fifth.
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A $250 million round pushed the AI pentesting company above $2 billion. The clearest return on Snehal Antani's two decades inside IBM, GE Capital, Splunk and JSOC is who he could hire and what he could borrow.
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The October rollout renames Innovation Banking, Fund Banking and SVB Go, promises that routing numbers and passwords are untouched, and says nothing at all about the advance rates or covenants operators hoped to read in it.
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KBW chief Tom Michaud says higher rates and Washington's turn will pull deposit stability back to banks. His own warning about contagious digital runs cuts the other way.
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Capital Performance Group split the top-performing large banks into spread lenders and fee-based wealth managers. The wealth firm posted the wider net interest margin.
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U.S. VC fundraising fell almost 20% year over year to its lowest level since 2019, per SVB. Outside the AI trade, the market slide is now doing the underwriting work.
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The appeals court held that FIRREA's succession clause does not give the FDIC a monopoly on claims arising from a failed bank, reviving a class action led by Sweden's AP7.
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House Democrats spent an oversight hearing questioning whether the Federal Home Loan Bank System should exist. Treasurers who model advance capacity as fixed now have a coefficient to add.
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