The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement, though he noted that regulation and oversight also need to step up. Fed Governor Michael Barr, the central bank’s vice chair for supervision, insisted in prepared remarks to two congressional …

Protesters shout slogans outside Israel’s parliament in Jerusalem amid ongoing demonstrations and calls for a general strike against the hard-right government’s controversial push to overhaul the justice system, on March 27, 2023. (Photo by HAZEM BADER / AFP) (Photo by HAZEM BADER/AFP via Getty Images) Hazem Bader | Afp | …

Microsoft CEO Satya Nadella speaks during an interview in Redmond, Washington, on March 15, 2023. Chona Kasinger | Bloomberg | Getty Images Microsoft said Monday it is starting to roll out a faster new version of its Teams communication app for Windows to commercial clients enrolled in a preview program. …

The winning bidder in the government’s auction of Silicon Valley Bank’s main assets received several concessions to make the deal happen. First Citizens BancShares is acquiring $72 billion in SVB assets at a discount of $16.5 billion, or 23%, according to a Sunday release from the Federal Deposit Insurance Corporation. …

People walk near a First Republic Bank branch on March 16, 2023 in New York City.  View Press | Corbis News | Getty Images Regional bank stocks moved sharply higher on Monday as investors were encouraged by reports that the recent strain on the sector could be easing and that …

The Saudi National Bank (SNB) headquarters beyond the King Abdullah Financial District Conference Center in the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, Dec. 6, 2022. Bloomberg | Bloomberg | Getty Images Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his …

In this picture taken on October 12, 2016 a general view shows the Club Med resort in Sanya. Almost two years after being bought out by Chinese investment fund Fosun, the holiday resort French group Club Med tries to import its recipes on a promising Chinese market, where a growing …

“What’s unclear for us is how much of these banking stresses are leading to a widespread credit crunch. And then that credit crunch, just as you said, would then slow down the economy,” Minneapolis Fed President Neel Kashkari said in an interview with CBS’ Face The Nation. John Lamparski | …

Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the personal computer on March 14, 2023, in Rome, Italy. Andrea Ronchini | Nurphoto | Getty Images First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits …

Germany’s parliament is poised to pass a new nationality law to ease the path to citizenship for migrants and attract more skilled foreign workers to the country. Picture Alliance | Getty Images BERLIN — Germany is poised to pass a new nationality law that will make it easier for foreigners …