Ken Sweet

Stay informed with Ken Sweet’s coverage and analysis for Fortune.

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  • FILE – People stand outside a Silicon Valley Bank branch in Santa Clara, Calif., on March 10, 2023. The recent collapse of a trio of midsize banks, including Silicon Valley Bank, has once again raised questions on whether executive compensation is tilted toward short-term gains rather than companies’ long-term health. (AP Photo/Jeff Chiu, File)Success

    The chiefs of failed banks will be in the Senate hot seat today about what went wrong—and why CEOs were paid millions

    By Ken Sweet and The Associated Press
  • First RepublicFinance

    Who’s next? Investors ravage regional bank stocks as Darwinian search for ‘the weakest’ grips Wall Street.

    By Ken Sweet, Michelle Chapman, and others
  • Jamie DimonFinance

    America has a new second-biggest bank failure and Jamie Dimon has another rescue: ‘Our government invited us and others to step up, and we did’

    By Ken Sweet and The Associated Press
  • File – Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr testifies at a House Financial Services Committee hearing on Capitol Hill, Wednesday, March 29, 2023, in Washington. Barr was selected by Fed Chair Jerome Powell to lead the central bank’s review of its supervision of Silicon Valley Bank, which failed in March. (AP Photo/Andrew Harnik, File)Finance

    Silicon Valley Bank collapsed because its managers were terrible and regulators dropped the ball, according to a new Fed report

    By Christopher Rugaber, Ken Sweet, and others
  • A handful of red state Democrats were instrumental helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018. NPhoto/Damian Dovarganes, File)Politics

    Army of lobbyists worked to water down bank rules that regulated SVB and Signature: ‘You couldn’t throw an elbow without running into one’

    By Brian Slodysko, Ken Sweet, and others
  • Axel Lehmann, Colm KelleherFinance

    ‘A historic, sad and very challenging day’ as Switzerland goes from 2 financial giants to just one and the world banking system teeters

    By Jamey Keaten, Ken Sweet, and others
  • Barney FrankFinance

    ‘The great mystery here is why the supervision was AWOL at Silicon Valley Bank’: Wall Street and DC point fingers amid burbling banking crisis

    By Paul Wiseman, Ken Sweet, and others
  • Customers in line outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Monday, March 13, 2023. The collapse of Silicon Valley Bank has prompted a global reckoning at venture capital and private equity firms, which found themselves suddenly exposed all together to the tech industry’s money machine. Photographer: David Paul Morris/Bloomberg via Getty ImagesFinance

    Federal Reserve promises a ‘careful and thorough’ review of how it supervised failed Silicon Valley Bank: ‘We need to have humility’

    By Ken Sweet, Christopher Rugaber, and others
  • Joe BidenFinance

    Biden says financial system is safe but all seized banks’ management should get sacked and tougher rules are needed

    By Ken Sweet, Christopher Rugaber, and others
  • Signature BankFinance

    Government takes extraordinary steps to ward off banking crisis as 3rd-largest bank failure quickly follows SVB implosion

    By Ken Sweet, Christopher Rugaber, and others
  • Silicon Valley BankFinance

    Regulators have 2 massive problems to sort out with the Silicon Valley Bank collapse

    By Ken Sweet and The Associated Press
  • Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023. SVB Financial Group bonds are plunging alongside its shares after the company moved to shore up capital after losses on its securities portfolio and a slowdown in funding. Photographer: David Paul Morris/Bloomberg via Getty ImagesTech

    Silicon Valley Bank has officially failed after less than a day of panicked selling as the federal government takes it over

    By The Associated Press and Ken Sweet
  • DOJ redliningFinance

    A Los Angeles bank just paid $31 million in the biggest redlining settlement in DOJ history for discrimination during the Trump years

    By Ken Sweet and The Associated Press
  • FTX founder Sam Bankman-Fried, is escorted from the Magistrate Court in Nassau, Bahamas, Wednesday, Dec. 21, 2022, after agreeing to be extradited to the U.S. (AP Photo/Rebecca Blackwell)Finance

    Sam Bankman-Fried’s ex-girlfriend among FTX associates to agree to cooperate against him in U.S. case

    By Ken Sweet, Rebecca Blackwell, and others
  • Sam Bankman-Fried in handcuffs.Tech

    FTX’s Sam Bankman-Fried will return to the US to face criminal charges and could spend the rest of his life in prison

    By Ken Sweet and The Associated Press