What HSBC Bank Paid To Buy Silicon Valley Bank’s UK Arm
London: The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal 1 pound ($1.2) in a rescue deal, the government and HSBC…
Regulators close Signature Bank, second shuttered by feds after SVB disaster
The federal government Sunday announced the failure of a second bank with deep ties to the tech industry — as regulators rushed to try to stem the losses caused by…
Silicon Valley Bank gave out bonuses right before collapse
Silicon Valley Bank workers reportedly received their annual bonuses just hours before the financial institution collapsed — and ahead of an expected Monday morning run by customers desperate for their…
Silicon Valley Bank’s failure is a warning for the Fed
Silicon Valley Bank could be a canary in a coal mine. The California bank’s failure Friday shined a spotlight on the large losses that the whole banking system has seen…
Silicon Valley Bank Collapse Leaves Tech Start-Ups Worried
Silicon Valley Bank (SVB): For banks that are FDIC-insured, only $250,000 per account is guaranteed. New York: Silicon Valley Bank’s stunning collapse has led to the freezing of tens of…
Bill Ackman warns of ‘economic meltdown’ amid Silicon Valley Bank collapse
Hedge-fund manager Bill Ackman predicted that an “economic meltdown” was looming on Monday following Friday’s collapse of Silicon Valley Bank. In a rambling, 649-word, one-paragraph tweet Saturday, the billionaire predicted…
China the broker — and Joe Biden the joker
Friday’s biggest headline-grabbing news was the bust of Silicon Valley Bank following a run on its deposits. The collapse was the second-largest bank failure in the nation’s history and fears…
Silicon Valley Bank failure could lead to run on other banks
The failure of Silicon Valley Bank could spark a run on other regional and mid-sized banks across the country, as wealthy individuals rush to pull their money out of accounts…
What We Know So Far
Silicon Valley Bank was shut down on Friday by California regulators. New Delhi: Silicon Valley Bank, known for lending money to some of the biggest technology startups, collapsed on Friday…
Silicon Valley Bank’s collapse isn’t a ‘Lehman Moment’ — at least not yet
Ever since the 2008 implosion of the US financial system, Wall Street has been on tenterhooks for the next “Lehman Moment,” a triggering event named after the ill-fated investment bank…