bank failure News

Bankruptcy Judge Lets Directors of Failed Bank Tap into D&O Insurance

A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers liability policies to defend themselves against litigation that followed …

U.S. Studies Ways to Insure All Bank Deposits If Crisis Grows

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis. Treasury Department staff are …

Silicon Valley Bank’s Demise Disrupts the Disruptors in Tech

Silicon Valley Bank’s collapse rattled the technology industry that had been the bank’s backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club …

Mississippi River Tried to Change Course During Floods

Since the waters from this spring’s floods receded, officials have identified places where the Mississippi River tried to carve out new channels and change course. From northwest Tennessee to Louisiana, the Mississippi tried to cut through river bends and remove …