Employment

The FDIC has updated its Frequently Asked Questions related to the failure of Silicon Valley Bank following the government’s decision to invoke the systemic risk exception to protect all depositors by making them whole.

Resources and insights to help clients and companies navigate the evolving situation.

In this alert, we discuss a joint press release issued by the FDIC, the Federal Reserve, and the Department of the Treasury, on March 12, 2023, announcing that the Federal Reserve has invoked the systemic risk exception, thereby protecting all depositors of Silicon Valley Bank.

The worldwide pandemic, focus on social justice, sharp political divisions, quiet quitting and the Great Resignation are all events that have impacted and altered employment relationships. At the same time the modern workplace is becoming dispersed, virtual and vocal, workplace regulation – the laws that form the structure of the traditional employment relationship – is becoming even more challenging for employers struggling to meet the challenges of the next generation of workers.