Banking-Collapse

Swiss Government Forces Emergency UBS Acquisition of Credit Suisse After Regulatory Failure, Ending 167 Years of Swiss Banking History

2023-03-19 00:00:00 +0000 UTC | Importance: 9/10

In an emergency Sunday night intervention to prevent global financial contagion, the Swiss Federal Council exercises emergency powers to force UBS’s acquisition of Credit Suisse without shareholder approval, marking the collapse of one of 30 ‘globally systemically important banks’ …

Credit Suisse UBS FINMA Swiss Federal Council Swiss National Bank +3 more banking-collapse regulatory-capture too-big-to-fail systemic-risk finma +2 more

Silicon Valley Bank Collapses in $212 Billion Bank Run, Third-Largest U.S. Bank Failure Caused by Regulatory Rollback

2023-03-10 00:00:00 +0000 UTC | Importance: 9/10

California regulators close Silicon Valley Bank and appoint the FDIC as receiver after a catastrophic bank run, marking the third-largest bank failure in U.S. history and the largest since the 2008 financial crisis. SVB, the 16th largest U.S. bank with $212 billion in assets, collapses due to …

Silicon Valley Bank Greg Becker FDIC Federal Reserve California DFPI +2 more banking-collapse regulatory-capture deregulation dodd-frank systemic-risk +3 more