A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said.
Tag: banking crisis
Crisis in Banking and the D&O Market
The effects of the ongoing banking crisis are not limited to financial institutions; the D&O and P&C insurance markets have also suffered. This report investigates the origins of the banking crisis, its impact on the D&O markets, and what it means for P&C agents and brokers.
Deutsche Bank Shares Plunge, Default Insurance at Highest Since 2018
Deutsche Bank shares tumbled on Friday after the cost of insuring the bank’s debt against the risk of default shot to more than four-year highs.
Commercial Property Debt Creates More Bank Worries
A record amount of commercial mortgages expiring in 2023 is set to test the financial health of small and regional banks already under pressure following the recent failures of Silicon Valley Bank and Signature Bank.
Warren Buffett Talks Banking Crisis with Biden Team
Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.