The United States Federal Deposit Insurance Corporation (FIDC) started an auction process on March 11 night for Silicon Valley Bank, Bloomberg reported citing unnamed sources. Bids are allegedly open ...
Tag: Bank
Is My Money Safe in the Bank During a Depression?
SmartAsset: Is My Money Safe in the Bank During a Depression? It’s rare for consumer money to actually be at risk with a depositor bank. In addition to the fact that the FDIC is usually successful whe...
No major bailout for Silicon Valley Bank collapse – Cryptopolitan
The collapse of Silicon Valley Bank has caused significant concern among its depositors, many of whom are small businesses that rely on access to their funds to pay bills and employ tens of thousands ...
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank – Featured Bitcoin News
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put i...
Here’s what could happen next for Silicon Valley Bank customers
A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Silicon Valley Bank’s customers, alon...
First Republic Bank employees fear job losses as bank nears collapse – Cryptopolitan
The employees of First Republic Bank are preparing themselves for the worst as the bank is on the verge of going out of business. What’s going on with First Republic Bank? The Federal Deposit Insuranc...
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways
BTC has logged negative funding rates for the first time this year. On-chain data shows increased selling as many exit trading positions. As the cryptocurrency market grapples with the uncertainty tha...
Circle Pledges To ‘Stand Behind’ USDC And Cover Missing Liquidity In Failed Silicon Valley Bank ⋆ ZyCrypto
Advertisement     Circle Internet Financial has promised to resume normal USDC liquidity operations from Monday, enabling the redemption of the troubled stablecoin at ...
Treasury Secretary Janet Yellen says U.S. government won’t bail out Silicon Valley Bank
Janet Yellen, US Treasury secretary, speaks during a Financial Stability Oversight Council (FSOC) meeting at the Treasury Department in Washington, DC, US, on Friday, Dec. 16, 2022. Ting Shen | Bloomb...
Venture investors vow to work with Silicon Valley Bank if new owner found
A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images More than three hundred venture capital firms have signed a joint state...
Silicon Valley Bank employees received bonuses hours before takeover
Police officers leave Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Silicon Valley Bank employees received their annual bonuses Frida...
Yellen Rules Out Bailout For Silicon Valley Bank
Topline The federal government will not bail out the “investors and owners” of Silicon Valley Bank, Treasury Secretary Janet Yellen said Sunday on Face The Nation, saying the situation is different fr...
Silvergate liquidates, Silicon Valley Bank on receivership, and crypto selloff
Last week was mainly bearish as several macro events had a detrimental effect on the industry. Major developments, such as the voluntary liquidation of Silvergate and the crash of Silicon Valley Bank ...
Yellen says no federal bailout for Silicon Valley Bank
WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their ...
My Bank Trade? An ‘Insurance Policy’ on BofA I Hope Doesn’t Pay Off
By Friday, Silicon Valley Bank became pretty much a household name, even by the many who’d never previously heard of, or cared, about it. The Silicon Valley Bank, the California bank subsidiary ...
Circle May Be Able To Recover All $3.3 Billion Stuck At Silicon Valley Bank
– Advertisement – Circle CEO Jeremy Allaire has stated that USDC will be supported through external capital if necessary. The Circle executive revealed that the company had initiated a tr...
Silicon Valley Bank broke. Silicon Valley is broken
If Silicon Valley Bank, which serves 65% of startups, can’t find a buyer for its assets, it will send a message about where Silicon Valley’s priorities lie. (Jeff Chiu / Associated Press) ...
Silicon Valley Bank CEO Sold Stocks Before Collapse
According to media reports, Silicon Valley Bank (SVB) paid annual bonuses to all eligible employees while its CEO cashed out stock options before its collapse. SVB CEO Greg Becker sold $2.27 million ...
FDIC creates a bank to protect insured SVB depositors
Silicon Valley Bank (SVB), headquartered in Santa Clara, California, was shut down on March 10 by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit ...
Tron founder speaks out amidst Silicon Valley Bank and Silvergate troubles
On Mar. 12, H.E. Justin Sun, the founding member of the TRON ecosystem and the global advisor at Huobi, a crypto exchange, posted a thread on Twitter highlighting the “potential harm” prevalent in the...
Silicon Valley Bank UK Closed by Bank of England (BoE)
20 seconds ago | 2 mins read Bitcoin News The bank liquidators would be responsible for handling the remaining SVB UK assets. Major blockchain VCs had over $6 billion in assets with the bankrupt finan...
XRP Community Awaiting Ripple’s Answers on Failed Silicon Valley Bank Exposure
Alex Dovbnya Ripple’s potential exposure to the failed Silicon Valley Bank (SVB) has left the XRP community divided and anxious for a statement from the San Francisco-based company The XRP commu...
Bank of England releases update on SVB UK – Cryptopolitan
The Bank of England has ordered a suspension on all activities of the UK branch of the embattled financial institution Silicon Valley Bank. According to the premier financial institution, the bank lac...
Over 100 VCs, investors voice solidarity with Silicon Valley Bank
As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operation, numerous venture capitalists and investors joined hands and decided to cushion the impact in case the bank “wer...
Mark Cuban urges Fed to buy Silicon Valley Bank debt ‘immediately,’ says it’s ‘not the wealthy taking the hit’
Mark Cuban wants the Fed to buy Silicon Valley Bank’s debt, pronto. Not doing so, he believes, will shake confidence in the financial sector—and hurt tech startups and their employees. On Friday, the ...
Nigerian Central Bank Unveils Open Banking Guidelines – Africa Bitcoin News
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the cen...
Silicon Valley Bank exec was Lehman Brothers CFO prior to 2008 collapse
Silicon Valley Bank (SVB) executive, Jospeph Gentile, was a former executive of the Lehman Brothers’ Global Investment Bank prior to the bank’s public collapse in 2008. Prior to joining SV...
Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits – Economics Bitcoin News
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tin...
BlockFi’s Uninsured $227 Million In Silicon Valley Bank Raises Concerns, Filing Shows
Reports have shown that BlockFi also has $227 million in the troubled Silicon Valley Bank, which wasn’t insured. Notably, SVB is not managing the fund directly. As the saga of the Silicon Valley Bank...
Silicon Valley Bank failure could trigger run on U.S. regional banks
Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars...
Silicon Valley Bank CEO Greg Becker cashed out $2 million just before the collapse
The chief executive of Silicon Valley Bank SIVB, -60.41% cashed out stock and options for a $2.27 million net gain in the weeks before Friday’s collapse, public filings show. CEO Greg Becker exercised...