Brent Jabbour
More from Brent Jabbour
-
SVB CEO sold millions in stock before collapse. Politicians want to claw it back.
Mere hours before the federal government seized it, Silicon Valley Bank paid out employee bonuses. In response, a bipartisan group of lawmakers have introduced legislation to recoup funds from bank executives in the event of future failures. While the timing appeared suspicious, the SVB bonuses were a part of employees’ annual payout and planned in… -
What are Trump’s legal options after indictment?
New York prosecutors have moved to file criminal charges against former President Donald Trump, marking the first criminal indictment of a former U.S. president in history. The Manhattan District Attorney’s Office has spent the last few years investigating whether Trump violated campaign finance laws in connection to hush money paid to adult film star Stormy Daniels… -
Top 4 things you need to know about how safe banks are right now
When Silicon Valley Bank and Signature Bank collapsed in a matter of days, it was a stark reminder to the American people that U.S. banks do fail. More than that, while all uninsured depositors were spared in these two bank failures, that’s not always the case. No. 1: Bank failures happen a lot more often… -
Twitter’s legacy checkmark is going away. Here are 5 Musk-made changes.
It’s been less than six months since Elon Musk closed on Twitter for $44 billion after backing out and facing litigation over the matter. There’s still a question as to whether it’s better or worse under the world’s second wealthiest person’s leadership. But, it’s certainly different. Here are the ways he’s changed the platform in… -
Banks are seen as safe but uninsured customers have been burned before
When Silicon Valley Bank and Signature Bank collapsed in a matter of days, it was a stark reminder to the American people that U.S. banks do fail. More than that, while all uninsured depositors were spared in these two bank failures, that’s not always the case. Given the media storm around this month’s bank failures, it… -
The FDIC insures up to $250,000 in bank deposits. Is it time to increase that cap?
Banks in the U.S. fail nearly every year and depositors aren’t always made whole, like the federal government did at Silicon Valley Bank and Signature Bank in March. Since 1993, customers of 76 different institutions have lost money in a bank, from hundreds to millions, according to the Federal Deposit Insurance Corporation. Before the 2008… -
Bank failures happen more than you think. Here’s why SVB was different.
When Silicon Valley Bank and Signature Bank collapsed in a matter of days, it was a stark reminder to the American people that U.S. banks do fail. More than that, while all uninsured depositors were spared in these two bank failures, that’s not always the case. Given the media storm around this month’s bank failures,… -
186 banks are at risk of Silicon Valley Bank-like failure: Study
In the wake of a bank run on Silicon Valley Bank that contributed to its collapse earlier this month, a new study from researchers at the National Bureau of Economic Research found nearly 200 banks would be vulnerable to the same risk if met with a similar event. The researchers said in a working paper… -
Congress wants to know who’s to blame for Silicon Valley Bank collapse
Top financial regulators faced tough questions and even fielded blame from senators Tuesday, March 28 over the collapses of Silicon Valley Bank and Signature Bank. In a Senate banking committee hearing, representatives from the Federal Reserve, Treasury and Federal Deposit Insurance Corporation defended regulator actions that allowed the banks to fail while issuing a government-backed… -
First Citizens Bank scoops SVB, FDIC to take $20B hit on failure
Silicon Valley Bank deposits are no longer under federal control . On Sunday, March 26, the Federal Deposit Insurance Corporation announced that North Carolina-based First Citizens BancShares has acquired $56.5 billion in deposits and $72 billion in loans from Silicon Valley Bank. The regulatory agency estimates the collapse will cost its deposit insurance fund roughly… -
Deutsche Bank shares plunge as cost to insure against default spikes
Deutsche Bank is the latest financial institution to face significant pressure in March 2023, as its share price has fallen around 25% over the past month as of Friday, March 24. The harsh spotlight on Germany’s largest bank comes as the cost to insure the bank’s debt against default spiked to multi-year highs on Friday,… -
Can AI be sued? Here are 5 potential legal issues
Artificial intelligence is already the next big thing, from OpenAI’s ChatGPT to Google’s Bard AI. But as generative AI platforms increasingly get in the hands of everyday people, could the technology end up on the wrong side of a lawsuit? Here is the legal action threatening AI in this week’s Five For Friday. #5: Defamation… -
Fed forges on with rate hike despite bank collapses, turmoil
The Federal Reserve chose to forge ahead with another rate hike in March in spite of the banking industry facing significant pressure related to rapid hikes. Wednesday, March 22, the Federal Open Market Committee opted to raise the bank overnight lending rate another 25 basis points to a range of 4.75% to 5%, its highest…
Latest Stories
-
Getty Images
News headlines compared: Did Trump win by a landslide?
-
Project Concho
World’s first carbon capture facility powered by wind energy coming to TX
-
Getty Images
Conor McGregor ordered to pay $257K over sexual assault case
-
Getty Images
Study on link between COVID-19 and cancer causes buzz online
-
Science Robotics
Researchers hope PigeonBot flying robot can inspire next generation of flight
Popular Opinions
-
In addition to the facts, we believe it’s vital to hear perspectives from all sides of the political spectrum.