‘You must answer for the bank’s downfall’: Senators demand testimony from CEOs of failed Signature and Silicon Valley Bank

Jack J. Kelly Archive

‘You must answer for the bank’s downfall’: Senators demand testimony from CEOs of failed Signature and Silicon Valley Bank

Leaders of the Senate’s banking committee on Thursday warned former chief executive officers at the failed Silicon Valley Bank and Signature Bank that they expect them to testify before the panel, saying in a letter to each: “you must answer for the bank’s downfall.” The committee is examining ...Read More

Credit Suisse received a clean bill of health from regulators—then took less than a week to completely collapse

Credit Suisse’s near-167 years of history came to a screeching end on Sunday as the lender sought refuge in the arms of cross-town rival UBS. The $3.2 billion deal, brokered by a Swiss government under considerable pressure from abroad to contain the problem, marks the latest ...Read More