Banking Crisis 2023

A judge handed the bankrupt holding company for the failed bank a victory in its strategy to pay bondholders.

The lawsuit, filed by a Florida-based public pension fund, appears to be the first targeting the bank since it was crushed in early March by unprecedented outflows.

The difference between a future recession and economic dips in the past is that accounts receivable is currently at a crucial inflection point in its digitization journey.

Silicon Valley Bank overinvested in long-term bonds, so there was a high likelihood that those bonds would have to be sold prior to their maturity.

The Big Four firm was sued along with underwriters including Goldman Sachs Group, Bank of America and Morgan Stanley over alleged misstatements leading to the bank's collapse.

Fair-value accounting helped bring down SVB; could discounted cash flow valuation have kept it going?

Banks have been reclassifying their losses to avoid taking steep write-downs that could be helping them stay in business.

The closure of crypto-friendly Silvergate Capital and seizure of Signature Bank have left crypto firms struggling to find new banks for depository and payment services.

The Swiss bank continues to help rich Americans hide assets from the IRS nearly a decade after a unit pleaded guilty to tax-evasion conspiracy, the Senate Finance Committee said.

The cash-like instruments have garnered hundreds of billions of dollars since the banking crisis began.

"Our budget request provides steady-state operational funding," Yellen said. "It will complement the one-time, long-term investment in the IRS."

Employees in investment consulting, compliance, legal and audit would worry over their jobs, given duplications with UBS.

Evaporation of banks; slow filers; crypto and normal taxes; and other highlights from our favorite tax bloggers.

The Big Four firm gave a clean audit opinion to Silicon Valley Bank's parent company and Signature Bank only weeks before they failed.

The financial automation software provider is expanding its services in the aftermath of the SVB crash.

Another market meltdown, and another costly lesson for ESG, as hundreds of funds bought into the doomed bank.

While depositors will be made whole under an extraordinary move by regulators, a fire sale of the entire bank and advisors fleeing to competitors create new challenges.

A short seller says the problems that triggered the bank's death spiral were clear from the firm's earnings reports.

Silvergate's auditor, Crowe, has received multiple letters from short sellers making allegations about Silvergate's handling of customer funds.