Risk Management

Risk Management

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

Congress Was Told Deregulating Banks Increased Crisis Risks. They Did It Anyway.

In 2018, Congress passed bipartisan legislation signed into law by President Donald Trump weakening regulations on mid-sized financial institutions like Silicon Valley Bank, whose collapse last week set off fears of another 2008-like financial crisis. The measure was supported by 33 House Democrats and 17 Democratic ...Read More

Shareholders file lawsuit against Silicon Valley Bank, alleging fraud

A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis. Multiple news outlets reported on March 13 that many Silicon Valley Bank shareholders alleged fraud from the bank, CEO Greg Becker and ...Read More