Silicon Valley Bank s and Signature Bank s securities portfolios carry a face value of around $90 billion and $26 billion, respectively, according to regulatory filings and statements by government officials.
US President Joe Biden called on banking regulators to reinstate tougher rules on midsized banks, saying that doing so would prevent future failures like that of SVB
Cash management policies should be front and center with Directors and officers. Boards should receive information necessary to make a reasoned decision that the company’s cash management policies are sufficient and associated risks are reasonably addressed.