bank failure
House Oversight Committee calls out bank execs over SVB failure
The new owner of Silicon Valley Bank is cutting around 500 jobs. CEO Frank Holding said Wednesday that the 3% cut would not affect customer-facing jobs.
bank failure
First Republic bank fails
First Republic Bank was taken over by the Federal Deposit Insurance Corporation (FDIC) on Monday with JPMorgan Chase as the buyer.
bank failure
Biden: Americans can “rest assured” banking system is secure
President Joe Biden assured Americans on Monday that the country’s financial institutions were secure.