Withdrawals Of $42 Billion Attempted A Day Before US Bank’s Collapse
This is the biggest failure of a US bank since the financial crisis. Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of…
Global Markets Hit Hard By Silicon Valley Bank’s Collapse
New York: Global markets took a beating on Friday as US jobs data boosted the likelihood of further aggressive interest rate hikes, while bank shares wobbled amid the collapse of…
Roku warns $487M held in deposits with Silicon Valley Bank
Streaming devices maker Roku said Friday it had about $487 million, or 26% of its cash and cash equivalents, held in deposits with SVB Financial Group, which has been closed…
Stocks On Wall Street Take A Beating After One Bank Folds, Another Wobbles
Silvergate Capital Corp.’s abrupt shutdown and SVB Financial Group’s hasty fundraising have sent US bank stocks diving and tongues wagging across the industry: Could this be the start of a…