Global News Aggregator
The collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry, according to a top Goldman Sachs deal-maker. Cliff Marriott, co-head of technology, media and telecoms in…
President Joe Biden called on Congress to give regulators more authority to claw back pay and penalize executives at distressed banks “whose mismanagement contributed to their institutions failing.” “No one…
Wall Street is wrapping up a volatile week — but certain stocks managed to outperform the rest. The S & P 500 ended the week with a 1.43% gain, while…
There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You…
Bloomberg | Bloomberg | Getty Images WASHINGTON — The House Financial Services Committee on Friday announced its first hearing on the failures of Silicon Valley Bank and Signature Bank. Martin…
A Silicon Valley Bank office in Napa, California, US, on Monday, March 13, 2023. David Paul Morris | Bloomberg | Getty Images SVB Financial Group said on Friday it filed…
Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking…
WASHINGTON — Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon…
HSBC came to the rescue of Silicon Valley Bank UK in a crucial deal for the whole banking sector. But if you had told its CEO — just a few…
Three days into his tenure as Silicon Valley Bank’s government-appointed CEO, Tim Mayopoulos has a message for his high-powered venture capital and startup clients: Bring your money back. That was…