Bank Execs Grilled as U.S. Lawmakers Investigate Failures

SVB's ex-CEO, Greg Becker, blamed the Fed's fast pace of interest-rate hikes and negative social media commentary for his bank's collapse.

By Allyson Versprille & By Craig Torres | May 16, 2023 at 11:09 PM

Photo: Greg Becker, former CEO, Silicon Valley Bank

Key U.S. senators blamed former senior managers at Silicon Valley Bank (SVB) and Signature Bank for the lenders' spectacular collapse in March, a bi-partisan rebuke of executives already facing intense scrutiny in Washington.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

NOT FOR REPRINT

News

1 Understanding the Cost of Hedging

2 7 Steps to Create a Risk-Aware Culture

3 Vietnam's Anti-Corruption Campaign Is Stymieing Deal Flows

4 Tech Excellence: How Alexander Hamilton Award Winners Leveraged Tech Solutions to Boost Efficiency

5 Key Risk Indicators: A Powerful Tool in Treasury Risk Management

Consulting
Consulting Leaders in Technology 2024
May 16, 2024 - Dallas

Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
More Information
Consulting
Consulting Top Consultants 2024
June 27, 2024 - New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
More Information
Real Estate
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - Lake Tahoe

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information

'Envy of the World': Equity Markets and the Compelling Need for Robust Disclosure Under Regulation S-K

By John Moon and Lori Marks-Esterman | May 08, 2024

Why checks and balances of the courts, as well as SEC enforcement, are critical to maintaining the strength of U.S. markets.

'Envy of the World': Equity Markets and the Compelling Need for Robust Disclosure Under Regulation S-K

Interest Rates Likely on Hold for 'Extended Period'

By Catarina Saraiva & Ryan Gould | May 08, 2024

"If inflation started to tick back down or we saw some marked weakening in the labor market, then that might cause us to cut back on interest rates. Or, if we get convinced that inflation is entrenched at 3 percent and we need to go higher, we will do that."

Interest Rates Likely on Hold for 'Extended Period'

Global Social Bond Sales Top $14 Billion

By Caleb Mutua | May 06, 2024

Social bonds had their busiest April ever and green bonds their second-busiest.

ERP VS TMS: Why Treasury Needs a Dedicated Solution link

eBook

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Instant Insights /