Matthew Goldstein covers Wall Street and white-collar crime and housing issues.
The market hadn’t fully rebounded from the pandemic. Some worry that another slowdown could add to fears of a recession.
By Matthew Goldstein
The move would place SVB Financial Group, which owns other businesses aside from the collapsed Silicon Valley Bank, into a court-led process as creditors looked to recover funds.
By Lauren Hirsch and Matthew Goldstein
Legal experts said a focus of the investigation could be insider sales by several bank executives in the weeks before the bank’s failure.
By Matthew Goldstein and Katie Benner
This was featured in live coverage.
Across the country, banks of various sizes are battling market turmoil as customers rushed to withdraw their deposits and investors, worried about more bank runs, dumped bank stocks.
By Stacy Cowley, Rob Copeland and Anupreeta Das
That could be regulators’ next step, depending on what large customers at regional banks do, said Patricia McCoy, an expert in the area.
Regulators said keeping open the 24-year-old institution, which held deposits from law firms and real estate companies, could threaten the financial system’s stability.
By Matthew Goldstein and Emily Flitter
Roger Ng was convicted of bribery and money-laundering charges last year for his role in the looting of a Malaysian sovereign wealth fund.
The bank is seeking to shield itself from damages if a lawsuit filed by the U.S. Virgin Islands proves that James E. Staley knew about Mr. Epstein’s sex trafficking.
Seung Song said his identity was stolen and used to buy $5,000 worth of gun components from an online dealer using a buy now, pay later service.