The bank had already agreed to pay US$290 million in a class-action lawsuit that involved Epstein's victims
The Fed's scenario had a 40% decline in commercial real estate prices
Former CEO Greg Becker told a senate hearing that SVB was the victim of a social media-driven bank run
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
The California-based bank serves a similar clientele as did failed Silicon Valley Bank
Tougher regulations are a key focus
In less than 12 months, nearly all the biggest lenders have failed spectacularly
The department says City National avoided underwriting mortgages in majority Black and Latino neighborhoods
The criminal indictment is on top of civil charges from the SEC