SVB staff claim they got up to 50% of their salaries in company equity—now some may have have lost millions in its collapse
fortune.com/2023/03/27/silicon-valley-bank-staff-lose-millions-stock-collapse-salary-packages/
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| Last Updated | Mar 28 23 |
| Total Articles | 2 |
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SVB Employee Who Lost $1 Million In Equity Awards Recounts The Harrowing And 'Crazy' Moment Bank Collapse
benzinga.com/news/23/03/31504183/svb-employee-who-lost-1-million-in-equity-awards-recounts-the-harrowing-and-crazy-moment-bank-collap
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SVB Employee Who Lost $1 Million In Equity Awards Recounts The Harrowing And 'Crazy' Moment Bank Collapse
benzinga.com/news/23/03/31504183/svb-employee-who-lost-1-million-in-equity-awards-recounts-the-harrowing-and-crazy-moment-bank-collap
JPMorgan's Jamie Dimon Has a Tech Rival: Silicon Valley Bank: JPMorgan and HSBC are among banks trying to capture the startup market, but the California ...
bloomberg.com/opinion/articles/2024-04-24/jpmorgan-s-jamie-dimon-has-a-tech-rival-silicon-valley-bank
Bond Investors Seek Billions From SVB’s Husk as FDIC Fights Back: The dust had barely settled after Silicon Valley Bank’s collapse last year when savvy investors ...
bloomberg.com/news/articles/2024-04-26/investors-seek-billions-from-svb-s-husk-why-regulators-refuse-to-pay
First Citizens beats profit estimates, says SVB business stabilized: First Citizens BancShares' first-quarter profit beat expectations as the lender earned ...
reuters.com/markets/us/svb-owner-first-citizens-profit-beats-estimates-interest-income-strength-2024-04-25/
Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
Commercial real estate foreclosures jumped 117% in March as trouble looms: A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures ...
foxbusiness.com/economy/commercial-real-estate-foreclosures-jumped-march-trouble-looms
Napa Valley is California’s wine barometer, an expensive one: Big corporations — and lots of tourists — are changing the West Coast’s most famous wine-growing ...
ft.com/content/15a3ed6f-60cc-4410-9e4e-b517387c932c
Tesla (TSLA), Meta And Other Earnings Will Test Stocks After Recent Selloff: Investors appear to be favoring value stocks over growth in the latest market ...
bloomberg.com/news/articles/2024-04-22/tesla-meta-and-other-earnings-will-test-stocks-after-recent-selloff
US regional banks seen booking more commercial property losses, loan sales
reuters.com/markets/us/us-regional-banks-seen-booking-more-commercial-property-losses-loan-sales-2024-04-17/
Less than half of U.S. banks ready to borrow from Fed in emergency: A year after Silicon Valley Bank's failure, less than half of U.S. banks have established ...
reuters.com/business/finance/less-than-half-us-banks-ready-borrow-fed-emergency-2024-04-12/
Citizens reports fast progress in building its private bank: The Providence, Rhode Island, company is having discussions with private wealth management teams ...
americanbanker.com/news/citizens-reports-fast-progress-in-building-its-private-bank
IAT: Caution Still Warranted On Regional Banks: Regional banks have seen a strong relief rally in recent months. Click here for a detailed analysis.
seekingalpha.com/article/4682612-iat-etf-caution-still-warranted-on-regional-banks
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US banks set for profits boost as expectations grow of fewer Fed rate cuts: Analysts say some lenders could lift their guidance when they report first-quarter ...
ft.com/content/7cc65126-7e6d-4af3-b9ed-5fbfbb825268
AI could be as consequential to the economy as electricity, says Jamie Dimon: Jamie Dimon believes artificial intelligence will have a huge impact on global ...
cnn.com/2024/04/08/investing/jamie-dimon-shareholder-letter-ai-future/
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
Cullen/Frost Bankers profit falls 24%, still tops analyst estimates: Results again were impacted by a charge associated with replenishing a Federal Deposit ...
expressnews.com/business/article/cullen-frost-bankers-profit-falls-24-still-tops-19422768.php
'Net interest income' has Wall Street worried right now. Here's what it is and why it matters
qz.com/net-interest-income-nii-bank-earnings-fed-interest-rate-1851416810
Dealership Employee Reportedly Wrecks Ferrari F40 in Tunnel: The 24-year-old employee was reportedly driving the $3 million supercar to a car show when he ...
roadandtrack.com/news/a60579791/dealership-employee-reportedly-wrecks-ferrari-f40-in-tunnel/
What to expect from bank earnings as high interest rates pressure smaller players
cnbc.com/2024/04/11/bank-earnings-high-interest-rates-set-to-pressure-small-players.html
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
on.wsj.com/49Om1J0
How Omsom's Founders Triumphed From SVB's Defeat--and 6 Other Stories of Courage Under Fire
inc.com/magazine/202404/jennifer-conrad/how-omsom-founders-triumphed-from-svbs-defeat-and-6-other-stories-of-courage-under-fire.html
School employee arrested after racist AI deepfake of principal shared : Local authorities in Baltimore have called for changes to the law to protect against the ...
businessinsider.com/high-school-employee-arrested-ai-deepfake-racist-audio-principal-police-2024-4
Employee non-compete ban challenged in court by US business groups: Lawsuit from US Chamber of Commerce and other groups argues rule approved by FTC will hurt ...
ft.com/content/72a91385-0681-4323-884e-2ebb190da236
Quick Glance: US implements ban on worker 'competition agreements' with business groups filing lawsuits
- The U.S. Federal Trade Commission has approved a framework to eliminate agreements often signed by employees to refrain from joining their employers' competitors or establishing rival businesses.
- The ban on noncompete agreements is projected to boost worker earnings by up to $488 billion over the next decade and facilitate the establishment of over 8,500 new businesses annually.
- Prominent business associations have criticized the framework and declared legal actions, contending that noncompete agreements assist companies in safeguarding trade secrets and advancing competitiveness.
- Unions have endorsed the FTC's vote in favor of the ban, hailing it as a significant triumph for workers that will enhance the national economy by fostering entrepreneurship.
FTC Sends $5.6M in Refunds to Ring Customers After Employee Spying Scandal: The money is going to 117K+ customers who bought Ring cameras before 2018 ...
uk.pcmag.com/home-security-cameras/152028/ftc-refunds-ring-customers-after-employee-spying-scandal
Walmart's CEO made 976 times the median employee last year: Walmart CEO and President Doug McMillon's total compensation was over $26.9 million last year ...
businessinsider.com/walmart-ceo-made-976-times-median-employee-pay-last-year-2024-4
ADP Run Review: ADP Run is an exceptional payroll service for businesses with fewer than 50 employees, with unparalleled attention to detail, depth, flexibility ...
pcmag.com/reviews/adp-run
Ferrari F40's Front End Ripped Off In Highway Crash by Young Dealer Employee: A rare and expensive Ferrari F40 crashed in Germany, ripping off the front end and ...
motor1.com/news/717342/ferrari-f40-crashes-german-tunnel/
Revealed: the picture sneaked by employee into a German gallery: Technician, who hung his own picture in an exhibition about art world glitches ...
theguardian.com/world/2024/apr/13/revealed-the-artwork-sneaked-into-a-german-gallery-by-an-employee-and-the-story-behind-it
'Vanderpump Rules' Fans Praise Editors For Jax Taylor's "Hilariously Dismissive Chyron" Calling Him An "Ex-Sur Employee"
decider.com/2024/04/24/vanderpump-rules-fans-praise-editors-jax-taylor-dismissive-chyron-ex-sur-employee/
Microsoft has started blocking employee access to Perplexity AI: Microsoft blocks employee access to Perplexity AI, a major Azure OpenAI customer.
businessinsider.com/microsoft-blocking-perplexity-ai-employee-access-2024-4
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Viral Chick-fil-A Employee Quits After Reportedly Being Told to Stop Posting Reviews of the Food and Drinks
entrepreneur.com/business-news/viral-chick-fil-a-worker-quits-told-to-stop-posting-reviews/473254
Chemie Leipzig and Babelsberg serve heavy food: Match report for the game BSG Chemie Leipzig - SV Babelsberg 03
kicker.de/chemie-leipzig-gegen-babelsberg-2024-regionalliga-nordost-4864924/spielbericht
water polo - Home game premiere for SV Bietigheim: With the start of the outdoor pool season, SV Bietigheim can also play games at home ...
bietigheimerzeitung.de/inhalt.wasserball-heimspielpremiere-fuer-den-sv-bietigheim.4cc23e1e-9cdd-403f-88e3-83987398d266.html
Reader Email: Marriott Hotel Employee Steals Bonvoy Points From F&B Expenses?: LoyaltyLobby reader sent us a case about a Marriott hotel employee offering ...
loyaltylobby.com/2024/04/26/reader-email-marriott-hotel-employee-steals-bonvoy-points-from-fb-expenses/
This job perk is like a 'cash bonus' — but you need a long-term strategy, experts say
cnbc.com/2024/04/25/here-are-the-key-things-to-know-about-your-restricted-stock-units.html
Google’s Sundar Pichai Has No Time for an Employee Rebellion: The tech giant’s business challenges have deservedly curbed its acceptance of political activism on ...
bloomberg.com/opinion/articles/2024-04-24/google-s-sundar-pichai-has-no-time-for-an-employee-rebellion
Trailblazer Alert: Pragya Misra Joins OpenAI As First Indian Employee : The 39-year-old is all set to lead public policy affairs and partnerships for OpenAI ...
femina.in/trending/achievers/trailblazer-alert-pragya-misra-joins-openai-as-first-indian-employee-284089.html
Charity Ben launches on-site health checks for dealer staff: Dealers can now get physical and mental health checks for their employees in a new service launched ...
motortrader.com/motor-trader-news/automotive-news/charity-ben-launches-site-health-checks-dealer-staff-24-04-2024
AI-enabled security startup MokSa.ai raises $1.5 million in funding: MokSa.ai, which aims to help stores curb theft and employee fraud using AI-enabled security ...
businessinsider.com/security-startup-moksa-ai-raises-pre-seed-funding-array-ventures-2024-4
Colleagues discuss passion for environmental stewardship, Mayo’s sustainability efforts » In the Loop
intheloop.mayoclinic.org/2024/04/18/colleagues-discuss-passion-for-environmental-stewardship-mayos-sustainability-efforts/
Employee non-compete agreements barred by US regulator: Federal Trade Commission head says move will help raise wages but business lobby vows to sue
ft.com/content/0abc66f2-8372-4552-b1a0-df004fd85de7
PNC Financial: The 4.1% Yield Is Solid, But There Are Risks (Rating Upgrade): PNC Financial reported a mixed first-quarter earning sheet, with an EPS beat but a ...
seekingalpha.com/article/4685205-pnc-financial-the-4-1-percent-yield-is-solid-but-there-are-risks
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Employee was working late, then he’s found dead behind building, Massachusetts cops say
miamiherald.com/news/nation-world/national/article287915015.html
Employee of German EU lawmaker detained as suspected China spy: An employee of a German member of the European Parliament, lawmaker Maximilian Krah ...
nordot.app/1155416832527974776
Is the boom in private credit losing steam?: Leading players look to partner with banks rather than be their adversaries
ft.com/content/bd3c91f2-ded2-45ed-bc6d-7db99fe42d39
Building company collapses after bitter feud: EXCLUSIVE
news.com.au/finance/work/at-work/bitter-falling-out-leads-to-nsw-building-company-collapsing-as-director-and-employee-point-fingers/news-story/4cd95b786b340f0ff3105e59bfd5c5a3
Vesting schedules can turn a ‘free’ 401(k) match into ‘pretend’ money: When you are new to a job, knowing when the company match belongs to you is as important ...
marketwatch.com/story/your-401-k-match-might-not-be-yours-yet-vesting-schedules-can-turn-free-401-k-money-into-pretend-money-f1b7d2e1
Financial stability in the last mile: Policymakers should remain vigilant about outstanding risks to the global financial system
ft.com/content/85df6827-79c8-4261-b3a2-3347d2d80252
IRS Warns Small Businesses of COVID Tax Credit Scam: The IRS is warning small businesses about scams to apply for COVID-19 tax credits for which they are not ...
smallbiztrends.com/irs-warns-small-businesses-of-covid-tax-credit-scam/
Mystery about Bayer Leverkusen: Why do the fans sing SVB?: During Bayer Leverkusen's championship, the abbreviation SVB could be read again and again ...
rnd.de/sport/raetsel-um-bayer-leverkusen-warum-singen-die-fans-svb-UYOJKDSV4JHD5PBYE7SH24FFWA.html
How Risky Is Japan’s Monetary-Policy Normalization? | by Takatoshi Ito - Project Syndicate
project-syndicate.org/commentary/bank-of-japan-monetary-policy-normalization-risks-by-takatoshi-ito-2024-04
KeyCorp: A Solid 6% Yield For Income Investors: KeyCorp's valuation has seen a major revaluation after the regional banking crisis of 2023 ...
seekingalpha.com/article/4685046-keycorp-6-percent-yield-for-income-investors
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Five-day week not there yet, but bank wage settlement has a lot for bankers: While the wait for a five-day week gets longer, the most interesting developments ...
business-standard.com/opinion/columns/things-we-may-not-know-about-bank-wage-settlement-124042100347_1.html
"German champion SVB": With a record series to the title | Bayer04.de: At last! For the 120th birthday, the championship! The moments surrounding the final ...
bayer04.de/de-de/news/bundesliga/deutscher-meister-svb-mit-rekordserie-zum-titel
Tire shop worker crushed to death when RV falls on him, Georgia officials say: A 26-year-old worker was crushed to death by a motor home the employee was working ...
sacbee.com/news/nation-world/national/article287761830.html
Who Is Pragya Misra, OpenAI's 1st Employee In India: Pragya Misra has served as the Director of Public Affairs for Truecaller, where she has collaborated ...
ndtv.com/india-news/who-is-pragya-misra-sam-altman-run-openais-1st-employee-in-india-5479033
Fed Interference Makes Markets Hard To Predict: Fed's promised rate cuts may not materialize due to the record amount of Treasuries being sold and rising ...
seekingalpha.com/article/4684739-fed-interference-makes-markets-hard-to-predict
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This Louisiana index fell short of Wall Street. Here's why.: A slide in Louisiana bank stocks caused the companies that make up the Pelican State Portfolio to ...
theadvocate.com/baton_rouge/news/business/dip-in-bank-stocks-causes-louisiana-index-to-fall-short/article_00516b7c-f8f1-11ee-86b9-0b8120722b20.html
Western Alliance: Q1 Deposit Growth Is A Cause For Optimism: Western Alliance Bancorporation can continue to deploy its excess liquidity and grow earnings ...
seekingalpha.com/article/4684665-western-alliance-stock-q1-deposit-growth-is-cause-for-optimism-reiterate-buy
Paid articlePaid IRS Warns Small Businesses of COVID Tax Credit Scam: The IRS is warning small businesses about scams to apply for COVID-19 tax credits for which they are not ...
smallbiztrends.com/irs-warns-small-businesses-of-covid-tax-credit-scam/
Truist Financial: Improving Setup (Rating Upgrade): Truist Financial may benefit from a higher for longer rate environment, leading to higher capital returns for ...
seekingalpha.com/article/4684470-truist-financial-improving-setup-rating-upgrade
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Best Employee Training Software of 2024: If you run a business, you may need employee training software. We researched the best employee training software to ...
usnews.com/360-reviews/business/best-employee-training-software
Edinburgh firm 7N Architects moves into employee ownership: The long-term future of 'one of Scotland’s most pioneering and innovative independent architectural ...
heraldscotland.com/news/24260632.edinburgh-firm-7n-architects-moves-employee-ownership/
Creating A Culture Of Belonging - Forbes India: For leaders, every workday brings opportunities to shape the belonging experience for employees by applying ...
forbesindia.com/article/rotman/creating-a-culture-of-belonging/92629/1
Leave Travel Allowance: A tax-free travel benefit for salaried professional: Salaried employees can seek a tax exemption through LTA for expenses accrued from ...
business-standard.com/finance/personal-finance/leave-travel-allowance-a-tax-free-travel-benefit-for-salaried-professional-124041800139_1.html
Microsoft reveals its learnings from Copilot used internally in the company: Microsoft shared insights into their year-long experience deploying Copilot across ...
mspoweruser.com/microsoft-reveals-its-learnings-from-copilot-used-internally-in-the-company/
Ex-Boeing employee says he was sacked after raising fears of 787 safety flaws: The fleet of Dreamliner 787 planes has previously been grounded several times due ...
inews.co.uk/news/world/boeing-employee-sacked-787-safety-flaws-2999373
Quick Glance: Boeing Whistleblower Warns of 787 Fuselage Failure
- The Federal Aviation Administration is investigating a Boeing engineer’s claims that the company took manufacturing shortcuts on two wide-body jets, with potentially catastrophic outcomes.
- Sam Salehpour went public in a New York Times story, describing how he believes sections of the 787 Dreamliner fuselage are improperly fastened together.
- Salehpour’s allegations are the latest dip in a turbulent period for the airplane manufacturing giant, which has been dealing with other issues including past crashes and quality control problems.
West Bloomfield restaurant inspections: Dirty microwave, exposed food found: Golden Phoenix, Don Juan, Naples Pizza, Allegro, Meer Kitchen, Bobbie Ques ...
detroitnews.com/story/entertainment/dining/2024/04/16/restaurant-inspections-dirty-microwave-exposed-food-found-in-west-bloomfield/73342517007/
MACC detains Perlis fisheries employee suspected of taking bribes: KANGAR: The Malaysian Anti-Corruption Commission (MACC) arrested an employee of the Perlis ...
thestar.com.my/news/nation/2024/04/17/macc-detains-perlis-fisheries-employee-suspected-of-taking-bribes
The payment of more interest on deposits hurts the bottom line of large US banks: The profit of the six main entities falls 3% in the first quarter despite the ...
english.elpais.com/economy-and-business/2024-04-17/the-payment-of-more-interest-on-deposits-hurts-the-bottom-line-of-large-us-banks.html
Best beauty products for full face of makeup, from Sephora employee: The best beauty products for a full face of makeup include the Drunk Elephant B-Goldi drops ...
businessinsider.com/sephora-beauty-products-full-face-makeup-recommendations-from-employee-2024
Paid articlePaid What Not to Do if an Employee or Loved One Is Kidnapped: Businesses need to have a crisis plan in place so that everyone knows what to do and how to do it ...
kiplinger.com/personal-finance/if-employee-or-loved-one-kidnapped-what-not-to-do
LinkedIn's Top Companies for 2024 Offer 'Robust' Compensation Packages — and They're All Hiring: What to Expect at JPMorgan Chase & Co. ...
entrepreneur.com/living/linkedins-top-companies-2024-hiring-compensation-and-more/472572
Home Depot Confirms Data Breach After Employee Info Appears on Hacker Forum: A well-known threat actor posts the data on a forum and writes: 'Thanks for reading ...
pcmag.com/news/home-depot-confirms-data-breach-after-employee-info-appears-on-hacker-forum
Scammers Target LastPass Employee With CEO Audio Deepfake: The WhatsApp audio call used AI technology to impersonate LastPass CEO Karim Toubba.
pcmag.com/news/scammers-target-lastpass-employee-with-ceo-audio-deepfake
These common rules take $1.5 billion a year in 401(k) contributions from U.S. workers
marketwatch.com/story/u-s-workers-are-losing-1-5-billion-a-year-in-401-k-contributions-cf05325d
Amazon pressured Trader Joe's employee for data to compete with grocer: WSJ: Amazon repeatedly pressured a former Trader Joe's employee for data in order to find ...
businessinsider.com/amazon-trader-joes-wickedly-prime-employee-best-selling-items-data-2024-4
One in four women in BFSI feel inconsistency in workplace equity: Report: Gender disparities persist despite overall positive sentiment within the sector ...
indianexpress.com/article/jobs/one-in-four-women-in-bfsi-feel-inconsistency-in-workplace-equity-report-9266077/
Trump Employee May be Fired Over Melania Trump Montage: Ex-Aide Says: Stephanie Winston Wolkoff dismisses Donald Trump's adoring video of Melania as off-brand.
newsweek.com/employee-donald-trump-who-made-melania-video-may-fired-ex-aide-1888525
Quick Glance: Is Melania the Key to Trump's Re-Election?
- Melania has been relatively absent from Trump's campaign efforts but is now making a comeback.
- She recently attended a fundraising event and is scheduled for more political engagements.
- Her presence may benefit Trump's public perception despite her own controversies.
- Speculation arises that Melania will now take on the role of softening Trump's image as Ivanka and Jared step back from the political scene.
A Reverse Art Heist? Museum Finds Employee’s Painting on Its Wall: The Pinakothek der Moderne in Munich said it had fired a worker for hanging one of his own ...
nytimes.com/2024/04/10/world/europe/germany-painting-museum.html
Takeover of CS by UBS: US criticism is hypocritical: If CS were an American bank, it would have been wound up. That's what the head of the American deposit ...
nzz.ch/meinung/amerikas-belehrungen-zur-rettung-der-credit-suisse-sind-heuchlerisch-ld.1825960
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