Sat.Mar 11, 2023

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Silicon Valley Bank chief pressed Congress to weaken risk regulations

TheGuardian

CEO Greg Becker personally led the bank’s half-million-dollar push to reduce scrutiny of his institution – and lawmakers obliged This story was first published in the Lever Eight years before the second-largest bank failure in American history occurred this week, the bank’s president personally pressed Congress to reduce scrutiny of his financial institution, citing the “low risk profile of our activities and business model”, according to federal records reviewed by the Lever.

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20 community banks with the largest first mortgage portfolios

American Banker

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Government to meet tech firms following collapse of Silicon Valley Bank UK

TheGuardian

Industry leaders expected to call for state intervention to avoid failure of hundreds of UK firms The UK government is coordinating an emergency meeting with tech firms, who are expected to call for state intervention to avoid the failure of hundreds of firms following the collapse of Silicon Valley Bank UK (SVB UK). The chancellor, Jeremy Hunt, also spoke with the Bank of England governor, Andrew Bailey, on Saturday morning, just hours after the collapse of SVB UK’s parent company , which marke

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