Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed. Bloomberg reports that last month, Silicon Valley Bank failed as a result of a $42 billion bank run from investors and depositors. The bank’s internal problems have come to light due to the collapse, and regulators are starting to look closely at the bank’s operations before its demise. A Wellesley, Mass., police officer glances at his watch as customers and bystanders form a line outside a Silicon Valley Bank branch location, Monday, March 13, 2023, while waiting for the branch to open, in Wellesley, Mass. (AP Photo/Steven Senne) The bank’s lending practices toward insiders, such as its own officers, directors, and principal shareholders, are one area that has received attention. According to government data, loans to insiders more than tripled from the third quarter of 2022 to $219 million in … [Read more...] about Report: Loans to Silicon Valley Bank Insiders Tripled to Record High as Collapse Loomed
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Texas Border Town Cops Find Migrants Stuffed in Suitcases
EAGLE PASS, Texas – Local police arrested a human smuggler after discovering two migrants crammed into luggage in the suspect’s vehicle. The 23-year-old suspected smuggler from San Antonio was accompanied by her five-month-old infant. The bust occurred on Saturday afternoon near the Rio Grande. Police initially noticed a suspicious vehicle at Jando Guedea Park in the afternoon hours. Officers stopped the vehicle after the driver committed a motor vehicle infraction. Police interviewed the driver identified as Brianna Nicole Starkes. Police say she appeared nervous and gave inconsistent answers. Police were reportedly then given permission to search the beige Kia Soul. Officers noticed suitcases in the vehicle. One was located next to the five-month-old infant secured in a car seat. A second suitcase sat in the rear cargo compartment. According to Eagle Pass Police Chief Federico Garza, the officer conducting the search noticed movement within the suitcase. After opening the … [Read more...] about Texas Border Town Cops Find Migrants Stuffed in Suitcases
Border Patrol Agent Shoots at Human Smuggler After Assault in Texas, Says Source
EAGLE PASS, Texas — A Del Rio Sector Border Patrol agent reportedly shot at a suspected human smuggler after the suspect allegedly attempted to strike the agent with the vehicle. The incident took place along the Texas border with Mexico near Eagle Pass. A source operating under the umbrella of U.S. Customs and Border Protection told Breitbart Texas that a suspected human smuggler attempted to back his vehicle into a Del Rio Sector agent late Monday night. The smuggler then reportedly attempted to flee from the agent. The Border Patrol agent then shot at the suspect to stop the assault, according to the source. It is not clear how many shots were fired. EMS personnel transported an unidentified injured person from the vehicle to an area hospital. The injuries are reportedly not related to the shooting. The driver was not the injured party. The shooting took place on the north side of the border town of Eagle Pass on Thompson Ranch Road. The driver is reportedly being charged … [Read more...] about Border Patrol Agent Shoots at Human Smuggler After Assault in Texas, Says Source