The Securities and Exchange Commission has started questioning some regional and community banks about risks tied to recent bank failures, a move designed to ensure investors have details on any spillover effects. In most cases, the SEC asks companies to make changes to relevant or future filings. The Federal Reserve defines community banks as those holding under $10 billion in assets, whereas regional banks hold between $10 billion and $100 billion. Colony’s liquidity has remained relatively unaffected by the recent bank failures, Chief Executive T. Heath Fountain said Wednesday. MicroStrategy, in an exchange released June 9, was questioned about whether failures of certain financial institutions impacted its business.

Source: Wall Street Journal June 22, 2023 16:43 UTC