Former CEO Greg Becker told a senate hearing that SVB was the victim of a social media-driven bank run
Risk management experts cited high inflation, quantitative tightening and cyber attacks as potentially contributing to shocks
Deposits appear to have stabilized but profits face pressure from tighter financial conditions
The proposal appears to acknowledge the FDIC is looking for ways to calm depositors and markets
Moody's says prudential requirements and supervision are likely to be stiffened
Customers pulled out more than US$100 billion in deposits after SVB and Signature Bank failed
SVB “remained well-rated, even as conditions deteriorated,” central bank report says
However, banking sector isn't fully in the clear, superintendent said
Client inflows at UBS came in marked contrast to the US$69 billion in outflows that Credit Suisse reported Monday
Regulator's new guidance to take effect in May 2024