News Reporter

Garrett Leahy

Banana Republic planned to serve customers cocktails, it was previously reported, but there was no bar when The Standard visited.

Fed Chair Powell said SVB’s failure isn’t indicative of broader weaknesses, but that its management dropped the ball. 

The tech-focused bank failed due to extremely poor management, weakened regulations and lax government supervision, a new report found.

‘Workers face consequences; executives ride off into the sunset,’ said Sen. Sherrod Brown, the chair of the Senate Banking Committee.

SVB’s new owner, First Citizens, wrote in a message to employees that it was necessary to ‘right-size’ the team.