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Signature Bank (SBNY)
- Reuters SG
PRESS DIGEST- Wall Street Journal - Nov 20
Following are the top stories in the Wall Street Journal. - Sam Altman's bid to return to OpenAI after being ousted Friday faltered late Sunday, as the board that fired him opted not to agree to proposed terms of his reinstatement. - CEO of General Motors' robot-taxi unit Cruise, Kyle Vogt has resigned from the company, following a turbulent month in which the company lost some of its permits in California and paused operations.
- Yahoo Finance Video
Sheila Bair discusses bank exec testimonies, banking shorts, Fed rate hikes, debt ceiling talks
Sheila Bair, Former FDIC Chair and Senior Fellow to the Center for Financial Stability, discusses bank executives' testimonies and reasons behind the regional banking failures, including interest rate risk management, the role of social media, and deposit runs.
- Yahoo Finance Video
SVB, Signature Bank: 'I'm confident we will have more' bank failures, former FDIC chair says
Former FDIC Chair Bill Isaac joins Yahoo Finance Live to discuss regional banking failures, including SVB and Signature Bank, banking executives' testimonies in Congress, advice for banking regulators, and the likelihood of future banking failures.
