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.

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Fed's Favored Price Gauge Rises at a Mild Pace

By Augusta Saraiva | July 26, 2024

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

Fed's Favored Price Gauge Rises at a Mild Pace

U.S. Economy Grew Faster Than Expected Last Quarter

By Augusta Saraiva | July 25, 2024

GDP increased at a 2.8% annualized rate, while personal spending advanced 2.3%. "This is a perfect report for the Fed."

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DOL's ESG Investing Rule Challenge Sent back to Lower Court

By Lynn Cavanaugh | July 24, 2024

Because the Supreme Court overturned 40 years of federal agency deference, the ESG case is headed back to the Texas judge who originally heard it.

DOL's ESG Investing Rule Challenge Sent back to Lower Court

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