Bank Failure

Get answers to FAQs about US bank failure

Read the full article: “FDIC Pass-Through Coverage” (April 2023)

The recent and sudden failures of Silicon Valley Bank and Signature Bank, and the threat of other bank failures, have led to intense public focus on what caused these banks to run into trouble, who is to blame, and what should be done about it.

Read the full article: “Bank Officer and Director Enforcement Exposures in the Wake of Silicon Valley Bank” (April 2023)

Companies should consider a number of best practices to ensure they manage their cash and investment risks effectively.

Read the full article: “Turbulent Banking Sector Renews Interest in Cash Management and Investment Policies” (March 2023)

See our quick take on cash management. Or for a more detailed treatment, see “Turbulence Renews Interest in Cash Management and Investment Policies”

Read the full article: “How Should I Think About Cash Management in Light of Recent Events?” (March 2023)

Bank failures create opportunities for bad actors to target companies that have to change their wire transfer details to ensure they can make and receive payments. To mitigate the risk, companies should consider some best practices for avoiding scams.

Read the full article: “Protecting Against Wire Fraud Scams” (March 2023)

Goodwin has created Model Form Bridge Financing Documents to facilitate providing urgent capital to US-based portfolio companies to enable them to make payroll and satisfy other immediate obligations.

Check out the full resource: “US Model Form Bridge Financing Documents” (March 2023)

Goodwin has created Model Form Bridge Financing Documents to facilitate providing urgent capital to UK-based portfolio companies to enable them to make payroll and satisfy other immediate obligations.

Check out the full resource: “UK Model Form Bridge Financing Documents” (March 2023)

See our survey of state wage payment law issues for employers considering steps to reduce potential exposure for payroll obligations in the wake of the Silicon Valley Bank closure by the FDIC.

Read the full article: “Some Key Issues Under State Wage Payment Laws for Employers in Light of the Silicon Valley Bank Closure” (March 2023)

March 12 Webinar

On March 12, 2023, lawyers from across practices led a webinar that addressed emerging issues related to the situation, and answered questions about how it may affect companies.

Watch the webinar

March 10 Webinar

On the afternoon that the FDIC took control of SVB’s assets, partners from Goodwin’s Banking, Financial Restructuring, Debt Finance, Public Company Advisory, and Employment practices addressed emerging issues related to the situation, and answered questions about how it may affect companies.

Watch the webinar

• FDIC Bulletin: Financial Institutions are Required to Meet Contractual Obligations with Bridge Banks