Signature Bank
Teachers pension system lost $27M in bank crash — but says it made $30M since ’99
The Ohio State Teachers Retirement System on Thursday said that while it might have lost $27.2 million when Silicon Valley Bank failed earlier this month, it’s made more than $30 million since it started investing in the bank 24 years ago. The system released the figure after a week of questions about its losses in […]
Virginia senator defends rollback of U.S. banking rules, blames managers for bank failures
WASHINGTON — The recent bank failures that shocked the markets and caused a speedy government bailout were “basic prudential regulation failure” by management, U.S. Sen. Mark Warner of Virginia said Monday. The Democratic senator, who sits on the Senate Committee on Banking, Housing and Urban Affairs, told reporters he stands by his position that 2018 banking regulation […]