- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-04-13T13:48:00
The collapse of Silicon Valley Bank (SVB) highlighted for the Federal Deposit Insurance Corporation (FDIC) some of the impediments to a quick bank sale, including failing to provide rapid access to quality financial data and lists of key employees.
Travis Hill, vice chairman of the FDIC, said in a speech Wednesday the sale of SVB in particular was hindered by its inability to populate a data room.
It took 16 days from the time SVB failed on March 10 until First Citizens Bank of North Carolina agreed to buy all the deposits and loans of Silicon Valley Bridge Bank.
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2023-05-19T17:33:00Z By Aaron Nicodemus
Leaders at Silicon Valley Bank, Signature Bank, and the regulators who seized their banks testified before Congress across separate hearings.
2023-05-12T16:58:00Z By Aaron Nicodemus
The Federal Deposit Insurance Corporation issued a notice of proposed rulemaking regarding a special assessment on large banks to recover approximately $15.8 billion in losses attributable to the failures of Silicon Valley Bank and Signature Bank.
2023-05-01T15:51:00Z By Aaron Nicodemus
San Francisco-based First Republic Bank was closed by state and federal banking regulators over the weekend, then sold to JPMorgan Chase Bank. The failure is the second largest in U.S. banking history.
2025-05-21T14:11:00Z By Aaron Nicodemus
Securities and Exchange Commission Chair Paul Atkins indicated he favors changing the agency’s requirement that only the wealthy can invest in so-called “closed-end” private equity funds and hedge funds.
2025-05-19T14:33:00Z By Adrianne Appel
The Department of Justice (DOJ) has shuttered a special Federal Bureau of Investigation (FBI) unit that focused on public corruption and whose legwork led to the special counsel investigation of President Donald Trump for trying to overturn the 2020 election results.
2025-05-19T14:09:00Z By Aaron Nicodemus
The Trump administration is preparing to ask the European Union to alter or water down its rules on content moderation on social media, claiming that they hurt the competitiveness of American technology companies.
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