Banking Crisis 2023

The Federal Deposit Insurance Corp. is considering suing former Silicon Valley Bank executives over risk management decisions, imprudent dividends and billions in losses that fueled a banking crisis in 2023.

House Republicans and lawmakers on the Senate Banking Committee questioned the culture at the Federal Deposit Insurance Corp. after a Wall Street Journal report alleged a climate of sexual harassment and misogyny.

Meow and Vesto are two firms that help companies invest idle funds in safe instruments such as Treasury bills.

IntraFi, R&T Deposit Solutions and other companies help banks capture and insure the entirety of their customers' balances — a cogent need in the aftermath of SVB.

Fintechs were already clustered in New York and San Francisco. Now that most startups work with the four largest banks, it's even harder to create new technology in the heartland.

Silicon Valley Bank served about half of all startups. As fintechs seek out new bank relationships, here are some of the things they are looking for. 

Silicon Valley Bank and its customers favored the simplicity and convenience of eschewing deposit insurance coverage despite the risks. Some experts say regulators' decision to make depositors whole might be sending the industry the wrong message.

The collapse of Silicon Valley Bank put payroll processes in peril. What can employers do to prevent more fallout?

Some tech startup clients had to scramble to retrieve money as the bank was closing. Many wonder which financial institution will fill the void. 

For Trent Harvey, founder and CEO of an insurance API startup, disbelief gave way to mild relief.