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Customers Bancorp CUBI, +6.36% stock is up 0.5% in premarket trades Friday after the firm said it acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book value, or about $536 million. The portfolio was a result of the FDIC's takeover of Signature Bank on March 12, a bank spokesperson told MarketWatch.

Yahoo Finance's Jennifer Schonberger breaks down Senator Elizabeth Warren's (D-MA) sentiments regarding the testimonies of Silicon Valley Bank and Signature Bank executives and her calls for further investigation into the banks' collapse and mismanagement.

Senator Jack Reed (D-RI) discusses the ongoing banking crisis in wake of the collapses of SVB and Signature Bank and breaks down the potential for legislative action to be taken against mismanagement that occurred.

American Banker Washington Bureau Chief John Heltman joins Yahoo Finance Live to discuss the ongoing testimony of SVB and Signature Bank executives at the U.S. Senate hearings.

Despite the looming debt ceiling crisis that has taken center stage in Washington in recent weeks, lawmakers haven't forgotten about the other financial crisis this year: the March bank failures that set off turmoil in the regional banking sector.

CNBC's Leslie Picker joins 'The Exchange' to discuss the FDIC post-mortem on Signature Bank, the issues behind Signature Bank's risk management, and concerns around regulatory supervision of crypto assets.

The collapse of Signature Bank was due to "poor management," according to a report from the Federal Deposit Insurance Corporation released Friday.

Signature Bank pursued ‘rapid, unrestrained growth' in part by courting deposits from the volatile crypto industry, and its association with digital asset firms was a major factor in its failure, the Federal Deposit Insurance Corporation said in a review published Friday.

Last month's failure of New York-based Signature Bank was caused by "poor management" and a pursuit of "rapid, unrestrained growth" with little regard for risk management, the Federal Deposit Insurance Corporation said on Friday in a report detailing its supervision and regulation of the regional bank.

Having lived in Seattle for 40 years, I had a front-row seat as Microsoft ( MSFT , Financial), Amazon ( AMZN , Financial), Google ( GOOG , Financial) and Facebook ( META , Financial) hired tens of thousands of young tech employees. In the period between 2010 and 2020, buildings were built, apartments were built and prosperity put the city on top of the world.