First Republic Bank

Federal Reserve, lawmakers start navel-gazing over SVB collapse

We will be live-updating this story as new developments emerge.

The latest

Friday, March 17, 2023

The Washington Post reports that regulators may have dropped the ball on SVB’s collapse.

Thursday, March 16, 2023

A consortium of lenders saved First Republic Bank.

Tuesday, March 14, 2023

Earlier today, newly appointed CEO Tim Mayopoulus sent an email to customers assuring the bank was doing everything to “rebuild, win back confidence, and continue supporting the innovation economy.”

The Department of Justice announced they are formally investigating the Silicon Valley Bank collapse.

Monday, March 13, 2023

The story has moved quickly, as The Federal Reserve announced that it is creating a new lending facility for the nation’s banks to buttress against financial risks from the collapse of Silicon Valley Bank.

Sunday, March 12, 2023

As of Sunday, March 12 at 4:30 p.m., the lead angle to this story is the Washington Post exclusive on a potential plan for regulators to guarantee all deposits at SVB.