Senior Culture Editor

Astrid Kane

Haus of Jesus and Free Choice Mary won their respective titles, but the real winner was San Francisco itself.

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

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.

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