Key Takeaways Silicon Valley Bank was closed by the California Department of Financial Protection. Trading for several regional banks—including crypto-friendly Signature Bank—was halted after the stoc...
Tag: Bank
Silicon Valley Bank closed by California regulator
Markets • March 10, 2023, 11:56AM EST Silicon Valley Bank was closed by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation was appointed as the...
Bitcoin battles $20K as trader calls bank chaos ‘2008 all over again’
Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley Bank (SVB) contagion. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingVi...
Can Bitcoin Escape Bank Run Contagion For Bullish Momentum?
Bitcoin News: As regional banks in the United States face pressure around the Silicon Valley Bank crisis news, the crypto market continues to be affected. In fact, the Bitcoin price is currently at it...
Bilibili Gets Connected As Bank Contagion Goes Global, Week In Review
China Last Night KraneShares Week in Review China’s “Two Sessions” meetings of the 14th National People’s Congress are set to conclude this weekend after an unsurprising week in which a GDP target of ...
Crypto-Friendly Silicon Valley Bank In Talks to Sell Itself
Alex Dovbnya SVB Financial, the parent company of Silicon Valley Bank, is reportedly considering a sale as several large financial institutions have expressed interest in acquiring the bank SVB Financ...
Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues
While Silvergate’s demise may have rung alarm bells for investors around the durability of banks with close ties to the crypto industry, the rout has spread to more traditional lenders. Most not...
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Jobs Report
“Silicon Valley Bank (SIVB), another crypto-friendly bank, comes under pressure. The bank is generally regarded as one of the default fallback options for industry participants impacted by the c...
Silicon Valley Bank in Talks to Sell Itself After Failed Capital Raise: Report
Silicon Valley Bank (SIVB) is reportedly seeking external acquisition after its efforts to raise over $2 billion in capital have failed. Shares in the bank were down 62% in pre-market trading on Frida...
Silicon Valley Bank Shares Halted After Plunging 64% In Pre-Market—VC Funds Tell Firms To Withdraw Funds
Topline Shares of Silicon Valley Bank Financial Group were halted after plunging further in pre-market Friday, following measures it took to shore up its financial position Thursday, prompting some ve...
Lido, Kraken Bank, and Jimmy Fallon
Crypto news: We bring you a roundup of what’s been happening in crypto this week. And what a week it was! The week’s biggest news was rumors from a Bankless podcast that the U.S. Securities and Exchan...
After Silvergate Now Silicon Valley Bank Considers Selling Itself; Who’s Next?
A prominent U.S. financial institution, the Silicon Valley Bank, is looking to sunset its operations as it considers selling itself after failing to raise substantial new funding. SVB, which was a lea...
Silicon Valley Bank plunges 60% before halt, Signature trading stopped shortly after open
Markets • March 10, 2023, 9:56AM EST Trading in Silicon Valley Bank is halted for pending news, but not before after shares plunged 63% in pre-market trading. Signature Bank was halted for volatility ...
VCs urge startups to withdraw funds from Silicon Valley Bank
Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, deepening fears of a run on the tech-focused b...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss – Bitcoin News
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond ...
‘I don’t see another bank stepping in to help.’ Bill Ackman suggests government intervention to save Silicon Valley Bank parent.
“The failure of Silicon Valley Bank could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash. If private capital can’t p...
Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say
The Silicon Valley Bank mobile app logo on a smartphone arranged in Riga, Latvia, March 10, 2023. Andrey Rudakov | Bloomberg | Getty Images SVB Financial, parent of Silicon Valley Bank, is in talks t...
‘Too big to fail’ is back as Bill Ackman says government should consider a Silicon Valley Bank bailout
It’s looking like 2008 for some investors in the private markets. Venture investors and tech founders are in “sheer panic” after Silicon Valley Bank, a prolific lender and important banking institutio...
Bitcoin tumbles to 8-week low as bank failures, regulatory pressures weigh on crypto
Bitcoin (BTC-USD) fell more than 9% Friday morning to $19,700, a eight-week low. The largest cryptocurrency lost more than $52 billion in market capitalization value since Tuesday. Ahead of the releas...
Silicon Valley Bank Shares Drop 64% In Pre-Market As VC Funds Tell Firms To Withdraw Funds
Topline Shares of Silicon Valley Bank Financial Group plunged further in pre-market Friday, after it took measures to shore up its financial position Thursday, prompting some venture capital funds to ...
Silicon Valley Bank Crashes 67% Pre-Market Amid Silvergate, Crypto Woes
SVB Financial Group, the parent firm of Silicon Valley Bank, shares plunged over 67% in pre-market hours as venture capitalists, including crypto VCs, recommend portfolio companies to move capital out...
Riot Stock Price tumbles 12%; Silvergate Bank announces shutdown
No Result View All Result © Copyright 2022. The Coin Republic Are you sure want to unlock this post? Unlock left : 0 Yes No Are you sure want to cancel subscription? Yes No Source: https://www.thecoin...
Silicon Valley Bank sends stock market crashing, crypto follows
As Silicon Valley Bank fails to reassure customers of its financial state, crypto-focused venture capital investors urge the firms to remove assets from the bank. Both stock and crypto markets are in ...
Crypto: Silvergate Bank declares bankruptcy
News has spread that Silvergate Bank, the major banking player in the crypto sector, has declared bankruptcy. The parent company’s shares plummeted by an incredible 30 percent, triggering a new wave o...
Silicon Valley Bank drops for a second day, weighing on the bank sector again
In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background. Igor Golovniov | Lightrocke...
Top Crypto News Today: Silvergate Bank Liquidates Assets, Crypto.com Struggles to Maintain Fiat On-Ramps
According to court documents filed on Tuesday, FTX, the defunct cryptocurrency exchange, is offering a $4 million bonus program to retain its staff. FTX’s CEO, John J. Ray III, wants to offer bonuses ...
Do we have another global bank crisis?
Lloyds (LON: LLOY) share price nosedived on Friday as global banking groups continued selling off. The stock retreated to a low of 49p, the lowest level since January 20th of this year. It has dropped...
Wall Street’s Favorite Trade Hammered in Bank Stock Meltdown
(Bloomberg) — Equity investors who piled into financial stocks to ride out the harshest Federal Reserve tightening cycle in four decades are getting a reminder that surging interest rates aren’t...
Crypto VCs ask portfolios to pull funds from Silicon Valley Bank
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank. SVB Financial Group, the parent company of Silicon Valley Bank, lost more th...
SVB Races to Avoid Bank Run as Funds Advise Pulling Cash
Panic spread in tech circles about the financial health of Silicon Valley Bank, a major lender to fledgling companies, as the firm said Thursday it was holding a $2.25 billion share sale after a signi...