Tag: Banks
How Silicon Valley Bank’s CEO Got Rich: A $209 Billion Disaster
Narrated by Second Thought Zachary D. Carter: I think it's pretty clear, the regulated banks didn't fail. The deregulated bank just did. It is as…
March 30, 2023
Republican Bill Would Kick Consumer Advocate Off FDIC Board
By David Moore and Donald Shaw, Sludge Days before Silicon Valley Bank and Signature Bank were swiftly shut down by regulators and the Federal Deposit…
March 28, 2023
SVB Executives May Have Delayed Action for Maximum Bonus Payments, New Evidence Suggests
As the dust clears after the collapse of Silicon Valley Bank (SVB), things are starting to look more and more suspicious to even the most…
March 24, 2023
Republicans Waging War on CFPB Have Received Millions in Donations from Banking Industry
By Donald Shaw and David Moore, Sludge Weeks after the Consumer Financial Protection Bureau announced that it was planning to cap credit card late fees…
February 22, 2023
Wall Street Banks Huge Profits Off Surging Credit Card Debt
Major Wall Street banks are making billions from the Federal Reserve’s efforts to fight inflation, while American consumers are loading up on debt and falling…
January 25, 2023
CFPB Signals It Will End Billions of Dollars in Credit Card Late Fees
U.S. bankers and interest groups are mobilizing to stop the Biden administration from overhauling how the industry approaches credit card late fees. The exact scope…
August 23, 2022