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Wealthy Elites Oversaw A Massive Bank Collapse. Now They're Suing To Claw Back Billions

SVB Financial Group's (SVBFG) wealthy board of directors presided over the California tech lender's failure and currently are suing the FDIC for billions. ....

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What's the next Silicon Valley Bank — and how can the US prevent more chaos?

This week, the tech and banking sectors are growing skittish about the next shoe to drop. ....

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Treasury Secretary: No federal bailout for collapsed Silicon Valley Bank

The bank served mostly technology workers and venture capital-backed companies, including some of the industry's best-known brands. ....

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Elon Musk Wants to Purchase Collapsed SVB

Tan suggested that Twitter Purchased SVB and convert it into a digital banking. Elon Musk replied with the tweet, "I'm open to the idea". ....

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CBK okays liquidation of Chase Bank

CBK okays liquidation of Chase Bank
Friday April 16 2021
Chase Bank on Mama Ngina Street in Nairobi on April 7,2016, after it was placed under statutory management. file photo | nmg
By PATRICK ALUSHULA
The Central Bank of Kenya (CBK) has approved the liquidation of the assets of Chase Bank under receivership that was left out in the SBM Bank buyout two years ago.
The regulator on Friday instructed the Kenya Deposit Insurance Corporation (KDIC) to start the liquidation of the remaining assets, in an exercise that is meant to salvage some money for customers who had more than Sh100,000 in the bank. ....

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