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Top related persons:
Jason Reed - 1 Martin Gruenberg - 1 SVB - 1 Michael Roffler - 1 James Herbert - 1 Roffler - 1 Michael Krimminger - 1 IndyMac - 1
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Washington Republic New York First Republic Massachusetts SVB
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Federal Deposit Insurance Corp - 1 REUTERS - 1 Federal Deposit Insurance Corporation - 1 First Republic Bank - 1 FDIC - 1 Valley Bank - 1 Signature Bank - 1 Regulators - 1

Search resuls for: "James Herbert"


6 mentions found


☆ Exclusive: US FDIC is probing former First Republic Bank directors and officers
  + stars: | 2023-11-01 | by ( Douglas Gillison Chris Prentice | Douglas Gillison | Chris Prentice | ) www.reuters.com   time to read: +6 min
[1/3] The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. FDIC Chairman Martin Gruenberg said in March the agency was also probing possible misconduct related to the collapses of Silicon Valley Bank (SVB) and Signature Bank (SBNY.PK) New York. As with SVB and Signature Bank, the FDIC is probing whether First Republic executives and board members broke rules that require them to act in the bank's best interests. NO ACTIONThe March implosions of SVB and Signature Bank sparked a deposit run at First Republic. FDIC bank failure probes can take years.
Persons: Jason Reed, Martin Gruenberg, SVB, Michael Roffler, James Herbert, Roffler, Michael Krimminger, IndyMac, Michael Perry, Douglas Gillison, Christine Prentice, Michelle Price, Matthew Lewis Organizations: Federal Deposit Insurance Corp, REUTERS, Federal Deposit Insurance Corporation, First Republic Bank, Reuters, FDIC, Valley Bank, Signature Bank, Regulators, First Republic, U.S . Justice Department, Securities, Exchange Commission, SEC, First, Bloomberg, Federal, JPMorgan Chase &, JPMorgan, Reserve, New, Thomson Locations: Washington, Republic, New York, First Republic, Massachusetts, SVB
☆ Exclusive: Massachusetts regulator probes First Republic insiders' stock sales
  + stars: | 2023-03-30 | by ( ) www.reuters.com   time to read: +4 min
He is seeking details about the firm's insider trading policies and how officers handled their stock sales from January 1. A spokesperson for First Republic declined to confirm the firm received a subpoena or comment on the stock sales. Silicon Valley Bank and Signature Bank were seized by regulators days later amid liquidity crises, actions that sapped investor confidence in the sector. SHARE SALESSeveral First Republic executives have sold shares this year, including founder and Executive Chairman James Herbert. Herbert and Roffler did not respond to requests for comment on their stock sales or the subpoena.
☆ Here's an exclusive look at the pitch deck that Y Combinator alum Careerist, a tech career training and job placement startup, used to raise $8 million
  + stars: | 2023-03-29 | by ( Madeline Renbarger | ) www.businessinsider.com   time to read: +3 min
Careerist is an edtech startup that helps train and recruit workers for open tech jobs. Now, the team has grown to over 100 employees and just raised $8 million in venture capital funding. Careerist also offers tech recruiting help, automating the job application process to help users find viable leads for new roles. The accelerator helped the Careerist team get in touch with investors for the company's seed round and also many employer partners, and was very helpful in figuring out how best to grow the business, Tysbaev said. Check out the 12-slide pitch deck Careerist used to raise $8 million:
☆ First Republic Bank Founder Earned a Big Payday—as Did His Family Members
  + stars: | 2023-03-24 | by ( Eliot Brown | ) www.wsj.com   time to read: 1 min
First Republic Bank paid family members of its founder, James Herbert , millions of dollars for work at the lender in recent years, including for consulting services related to interest rates and risk, according to public disclosures the bank made as part of annual filings. The bank paid Mr. Herbert, who was chief executive before stepping into the executive chairman role last year, $17.8 million in 2021, the bank’s disclosures for that year said. The compensation was more than CEOs at most similar-sized banks.
☆ First Republic Bank Founder Earned a Big Pay—as Did His Family Members
  + stars: | 2023-03-24 | by ( Eliot Brown | ) www.wsj.com   time to read: 1 min
First Republic Bank paid family members of its founder, James Herbert , millions of dollars for work at the lender in recent years, including for consulting services related to interest rates and risk, according to public disclosures the bank made as part of annual filings. The bank paid Mr. Herbert, who was chief executive before stepping into the executive chairman role last year, $17.8 million in 2021, the bank’s disclosures for that year said. The compensation was more than CEOs at most similar-sized banks.
☆ Executives at Silicon Valley Bank and First Republic Bank sold millions of stock right before the crash
  + stars: | 2023-03-17 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Executives at First Republic Bank and Silicon Valley Bank sold stock right before the banking crisis. First Republic's chief risk officer sold shares two days before the Silicon Valley Bank implosion. Today, SVB stock remains halted but is essentially at zero after Silicon Valley Bank was taken over by the FDIC and SVB Financial filed for bankruptcy. First Republic Bank executives also managed to sell stock right before the crash. All-in, insiders at First Republic Bank sold about $12 million in stock in 2023 at an average price of just below $130 per share.
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