Mortgage Blog

The sudden failures of Silicon Valley Bank and Signature Bank sent shockwaves through the banking sector and rattled investors — wiping out billions in value for banks in the process. Here's what happened locally.

Amegy Bank's CEO is confident in the bank despite its parent company being one of the hardest hit public financial institutions in the stock market following the failure of Silicon Valley Bank.

Bally Sports North's parent company, Diamond Sports Group, owes investors represented by U.S. Bank nearly $2 billion, according to a recent bankruptcy court filing.

Diamond Sports Group Chapter 11 filing last week listed Minneapolis-based U.S. Bank as the group's largest unsecured creditor with $1.8 billion in unsecured debts. The second-largest unsecured creditor is Dolan Broadcast Properties Ltd, which has a claim of $77.2 million.

Specifically, the filing lists the biggest creditor as U.S.…

It's not just everyday people or struggling startups who have benefited from the move to protect all of SVB's deposits. It's also companies like Roku and Bill.

The San Francisco bank got a big $30 billion rescue package last week, but that hasn't stemmed the bleeding on Wall Street.

OhioHealth quietly bought 57 acres at a prime New Albany spot, Beech Road and Route 161 in the center of its growing business park, at the end of 2020.

The company, which booked revenue of more than $36 billion from the Covid vaccine in 2021-22, now is looking to cure diseases rather than just treat them.

Progressive Community Health Centers CEO Jenni Sevenich, who has led the three-clinic nonprofit serving low-income Milwaukeeans for 18 years, said she has decided to resign toward the end of this year.

The news follows new data from the CDC showing that the U.S. maternal mortality rate increased by 40% in 2021.

The filing was voluntary.