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SVB Bank Fails As FDIC Takes Over
The Brookings Institution Senior Fellow Aaron Klein joins Caroline Hyde and Ed Ludlow to discuss the next steps for Silicon Valley Bank after the FDIC stepped in, impact on banking regulation, and why banks that bet big on crypto are...
Roku Had 25% of Its Cash With SVB
Roku says its deposits with Silicon Valley Bank, totaling $487 million or 26% of its cash and cash equivalents as of March 10, are 'largely uninsured,' according to statement. Kailey Leinz reports on a special edition of "Bloomberg...
Silicon Valley Bank Tries to Prevent Bank Run After Shocking Collapse
Silicon Valley Bank is now under FDIC control, but they are still open for business. The collapse shocking investors and venture capitalists all over Silicon Valley. Bloomberg's Priya Anand reports from San...
White House Is Monitoring SVB Collapse 'Very Carefully'
White House Economic Adviser Bharat Ramamurti says the White House and Treasury Department are monitoring the collapse of Silicon Valley Bank and SVB Financial "very carefully." He speaks on Bloomberg Television.
Silvergate to Wind Down Bank Operations
Silvergate Capital Corp. plans to wind down operations and liquidate its bank after the crypto industry's meltdown sapped the company's financial strength. The bank's ties to FTX were being looked at by regulators. Bloomberg's...
Can the Collapse of Silicon Valley Bank Be Contained?
Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, with the Federal Deposit Insurance Corp. taking over as receiver. Now Wall Street wants to know what's going to happen...
FDIC Auction for Failed SVB Underway, Final Bids Due Sunday
The Federal Deposit Insurance Corp. kicked off an auction process late Saturday night for SVB Financial Group's Silicon Valley Bank according to people familiar with the matter. The bank collapsed into FDIC receivership on Friday,...
Silicon Valley Bank Collapses, FDIC Takes Over
Silicon Valley Bank was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation as receiver. Bloomberg's Katherine Doherty reports on "Balance of Power."
Silvergate in Talks With FDIC in Bid to Salvage Bank
Silvergate Capital Corp. management has held discussions with Federal Deposit Insurance Corp. officials as the troubled crypto-friendly bank looks for a way to stay in business and avoid a shutdown. Michael Moore reports on...
Very Substantial Consequences
Former US Treasury Secretary Larry Summers warns of very substantial consequences if regulators don't work through the issues that contributed to the Silicon Valley Bank collapse. He also explains why the vaunted stress tests didn't...
Bair Says Banker Bonuses Should 'Take a Hit' After Fed Caps Dividends
Jun.26 -- Sheila Bair, former chairman of the U.S. Federal Deposit Insurance Corp. and senior policy adviser at DLA Piper, discusses the Federal Reserve's move to cap buybacks and dividend payments for the country's largest banks,...
US president announces $250 billion govt plan to buy bank shares
1. SOUNBITE (English) George W. Bush, US president
"Good morning. I just completed a meeting with my working group on financial markets. We discussed the unprecedented and aggressive steps the federal government is taking to...
"Good morning. I just completed a meeting with my working group on financial markets. We discussed the unprecedented and aggressive steps the federal government is taking to...
Khan Academy
FRB Commentary 2: Deposit Insurance
Going into more detail about the potential weaknesses of fractional reserve banking, this video introduces some of the ways the economy has been engineered to address these issues, such as the "lender of last resort" and insurance...
Khan Academy
20th Century Capitalism and Regulation in the United States
The speaker in this lecture takes the viewer on a journey through the world of modern finance, from the era of Rockefeller and Vanderbilt to the 2008 financial crisis. Exploring the presence of the American government in the economy,...
Khan Academy
Khan Academy: Full Reserve Banking
This video is an overview of full reserve banking in comparison to fractional reserve banking. [7:32]
Khan Academy
Khan Academy: Frb Commentary 2: Deposit Insurance
Sal Khan offers commentary on the weaknesses of fractional reserve banking, the FDIC, and deposit insurance and its side effects. [17:19]