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
Insideevs electric vehicle news reviews and reports
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
An Alfa Romeo bar the badge? We drive the 2024 Dodge Hornet RT plug-in.
ASHEVILLE, N.C.—A day after Dodge revealed the last of its Hemi V8-powered muscle cars , the company also lifted the embargo on driving impressions for its next car, the Hornet crossover. It's a far cry from the 1,025-hp Challenger—a much more sensible compact crossover that includes a plug-in hybrid version starting at a competitive $40,000. Ars spent a day driving the Hornet around the outskirts of Asheville and found a lot to like about this handsome crossover. But first, a few words on its origin story. Last February, the world got its first look at an attractive new crossover from Alfa Romeo. It was given the unfortunate name of Tonale, and more than a few of us raised an eyebrow thanks to the news that the car would include an NFT that acted as a permanent record for the car, from production through lifetime maintenance. The Tonale was meant to arrive in the US by the end of March, but it was delayed until May. The reason I bring this up is that as far as sheet metal is … [Read more...] about An Alfa Romeo bar the badge? We drive the 2024 Dodge Hornet RT plug-in.