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Booker And Warnock Want SNAP For Convicted Drug Felons, Fetterman Uses Issue To Bash Silicon Valley Bank Execs
Friday, May 19, 2023 - 12:55pm | 576Read More...Senators Cory Booker (D-NJ) and Raphael Warnock (D-GA), both members of the Senate Agriculture Committee, along with U.S. Rep. Steve Cohen (D-TN), introduced the bicameral Re-Entry Support Through Opportunities for Resources and Essentials (RESTORE) Act, legislation that would...
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Former SVB Chief Blames Fed, Media Hype For Bank's Devastating Collapse
Tuesday, May 16, 2023 - 6:09am | 392Read More...Greg Becker, the former CEO of SVB Financial Group, the parent company of Silicon Valley Bank, attributed the bank’s collapse to a combination of factors, including rapid rate hikes by the Federal Reserve and negative sentiment amplified by social media. ...
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U.S. Representative Drafts Bill To Go After Banking Executives
Tuesday, March 14, 2023 - 12:13pm | 432Read More...U.S. Rep. Adam Schiff (D-Calif.) tweeted Monday that he is drafting a bill to go after executives at failed banks. Schiff's bill is in response to the collapse of Silicon Valley Bank and he said it will recoup bonuses, stock options and other compensations. What Happened:...
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Multimillionaire Twitter Philanthropist Offers Huge Reward For Whistleblower In SVB Bank Collapse
Monday, March 13, 2023 - 5:14pm | 598Read More...Detroit-based multi-millionaire and former director of PulteGroup, Inc. (NYSE: PHM) Bill Pulte has garnered a reputation on social media, specifically Twitter, for being a philanthropist, doling out thousands of dollars via tweets to his followers. He’s doing it again, but this time with a...
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With SVB Financial Group On Life Support, Analysts Downgrade Stock: 'Too Much Uncertainty'
Friday, March 10, 2023 - 11:43am | 632Read More...Shares of banking company SVB Financial Group (NASDAQ: SIVB) fell 60% on Thursday over news of an offering and the need to raise capital. The company’s CEO Greg Becker sent a letter citing higher interest rates and elevated cash burn from clients as reasons for the need for capital. Analysts...





