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Op-ed: ESG investing and 2018 change in bank laws didn’t cause Silicon Valley Bank to collapse, says former Sen. Heitkamp

Heidi Heitkamp is a former Democratic senator from North Dakota, and currently serves as director of the University of Chicago’s…
Politics

JPMorgan Chase can be sued by Virgin Islands over Jeffrey Epstein sex-trafficking claims

A New York federal judge on Monday ruled that the U.S. Virgin Islands and women who accuse the late investor…
Politics

U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap

Four prominent U.S. lawmakers on banking matters said on Sunday they would consider whether a higher federal insurance limit on…
Politics

Biden calls on Congress to tighten laws to claw back executive pay, levy penalties in bank failures

President Joe Biden called on Congress to give regulators more authority to claw back pay and penalize executives at distressed…
Politics

JPMorgan CEO Jamie Dimon ‘knew in 2008’ that Epstein was a sex trafficker, lawyer argues

An attorney for the U.S. Virgin Islands argued in federal court that JPMorgan Chase CEO Jamie Dimon and ex-top bank…
Politics

Silicon Valley Bank ex-CEO backed Big Tech lobbying groups that targeted Dodd-Frank, sought corporate tax cuts

Before Silicon Valley Bank’s failure, its former CEO Greg Becker backed two tech industry lobbying groups that tried to influence…
Economy

European Central Bank hikes rates despite market mayhem, pledges support if needed

The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to…
Politics

Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans

WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature…
Politics

‘That’s how capitalism works,’ Biden says of SVB, Signature Bank investors who lost money in failed banks

WASHINGTON — President Joe Biden sought to assure customers of Silicon Valley Bank and Signature Bank on Monday that their…
Politics

GOP presidential contenders cast blame for Silicon Valley Bank collapse

Former President Donald Trump and other 2024 Republican presidential hopefuls spoke out over the weekend on the failure of Silicon…