(Bloomberg) — Silicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that ...
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SOL Price Analysis: Will the SOL price get the buyer’s support?
The SOL price is trading under a severe downtrend under the 200 EMA while getting support from the 100 EMA. The SOL price broke its recent support level with a strong momentum The SOL price has broken...
Time to say “Bon Voyage”?: Central Banks Ventures into Crypto Seas
Central banks worldwide are showing a growing interest in crypto. Keeping current scenarios in mind, their vision is debatable. Central Bank Digital Currency (CBDC) came up as a better option against ...
Take A Captured Russian Turret, Add It To Any Spare Chassis
2S17. Via social media After a year of hard fighting, the Ukraine war zone is a scrapyard for more than 10,000 wrecked armored vehicles, both Russian and Ukrainian. The sheer scale of the losses helps...
Bakkt Q4 2022 Earnings Result Reveal Worse-than-Expected Adjusted Earnings
In its Q4 2022 report, fintech Bakkt also revealed plans to tie up its acquisition of crypto exchange Apex Crypto. Bakkt (NYSE: BKKT) posted its Q4 2022 earnings, revealing a revenue haul of $15.6 mi...
Bears Add Receiver D.J. Moore, Four High Picks In Deal For Top Pick
ARLINGTON, TEXAS – OCTOBER 03: D.J. Moore #2 of the Carolina Panthers avoids a tackle by Damontae … [+] Kazee #18 of the Dallas Cowboys and runs the ball during the first quarter at AT&...
Chicago Bears Trade First Overall Pick To Carolina Panthers
CHICAGO, ILLINOIS – JANUARY 08: Head coach Matt Eberflus of the Chicago Bears talks with general … [+] manager Ryan Poles prior to the game against the Minnesota Vikings at Soldier Field o...
Why The Team Behind ‘Scream VI’ Ignored People’s Advice To Step Away From The Sequel
(Left to right) Directors Matt Bettinelli-Olpin and Tyler Gillett on the set of ‘Scream VI.’ Philippe Bossé/Paramount Pictures The horror requel Scream was an undeniable hit when it landed...
SVB Financial CEO Sold $3.6 Million In Stock Before Bank’s Collapse
Topline The CEO of Silicon Valley Bank Financial sold $3.6 million in stock two weeks before the California banking giant’s epic crash Friday, signaling bank officials might have known the bank was in...
Roku says it ‘does not know’ how much of its cash it will be able to recover from SVB
Streaming platform Roku Inc. ROKU, -0.88% on Friday said it “does not know” to what extent it would be able to recover the cash it has deposited with the recently-failed Silicon Valley Bank. Roku said...
Shareholders Side With Apple on Contentious Votes, Analyst Eyes $230 Per Share
Apple (AAPL) won support for all of its voting proposals at its annual shareholders’ meeting on Friday, despite some controversy and disagreements. Key Takeaways • Apple secures a ‘clean s...
SVB’s Balance-Sheet Time Bomb Was ‘Sitting in Plain Sight,’ Short Seller Says
(Bloomberg) — The problems that triggered SVB Financial Group Inc.’s death spiral were hiding in plain sight in the firm’s earnings reports. Most Read from Bloomberg That’s according to short se...
Silicon Valley Bank Panic Crashes 10 Bank Stocks — Is Yours OK?
The halt to trading of Silicon Valley Bank (SIVB) shares is setting off a cascade of selling throughout the financial sector. Is your bank or brokerage one of them? X Shares of 10 stocks in the financ...
Bond Yields Plunge Most Since 2008 as Traders Rethink Fed Path
(Bloomberg) — Government-bond yields fell the most since since 2008 after a US bank failure spurred traders to reassess the outlook for additional Federal Reserve rate hikes. Most Read from Bloo...
Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy
(Bloomberg) — SVB Financial Group’s record plunge on Thursday minted short sellers roughly half a billion dollars in paper profits. But they now face a challenge: how to close their positions. M...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance – Exchanges Bitcoin News
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of ...
Bank Stocks Take a Beating. Why Charles Schwab Also Is Getting Slammed.
On Thursday, bank stocks got hammered, and so did shares of brokerage firm Charles Schwab, which dropped 13%. On Friday the pain continued, with Schwab suffering another 6% decline by midday. Wait, wh...
Schwab Has Worst Drop in Years After SVB, Block Trade
(Bloomberg) — The worst two-day stretch since 2016 for Charles Schwab Corp. looks like a case of bad timing for the buyers behind a large block trade in the brokerage. Most Read from Bloomberg S...
SVB collapse highlights $620 billion hole lurking in banks’ balance sheets
Martin Gruenberg could not have picked a more prescient time to flag risks in the U.S. banking industry. On Monday, the chairman of the Federal Deposit Insurance Corporation (FDIC)—the agency that bac...
Roblox Price Prediction: RBLX Bears Are Gaining The Strength
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Who Saw It Coming? Short Sellers Were Out Front of Bank Upheaval
(Bloomberg) — While this week’s bank-stock drama blindsided most of the market, at least one corner of Wall Street spied trouble ahead. Most Read from Bloomberg Short sellers pushed bearish inte...
Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure
Ad California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. Silicon Valley Bank closed by regu...
1inch Network Price Prediction: Bears Are Pulling 1INCH Down
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Who Failed Silicon Valley Bank Depositors?
Yes, SVB was tech-forward and, while not necessarily “crypto-friendly,” it did bank crypto hedge funds and VCs like Blockchain Capital, Castle Island Ventures, Dragonfly and Pantera (oh, and even Coin...
Time to Hunker Down as SVB Financial Exposes a Growing Number of Naked Swimmers
Some fears of financial contagion crept into the market on Thursday. SVB Financial Group (SIVB) plunged 60% during the trading day and is down big again Friday. SIVB is the parent of Silicon Valley Ba...
First Republic, PacWest Plunge Amid Wider Bank-Stock Selloff
(Bloomberg) — First Republic Bank and PacWest Bancorp both plunged Friday as the upheaval at SVB Financial Group spread to other lenders. Most Read from Bloomberg Shares of First Republic tumble...
Silicon Valley Bank collapse: What should you do if your bank closes down?
Silicon Valley Bank, which helps fund technology startups backed by venture-capital firms, has closed its doors. The California Department of Financial Protection and Innovation made the decision to c...