(Bloomberg) — Stocks tumbled and Treasuries rallied as worries about the health of the US banking system caused a sharp selloff in global markets. Most Read from Bloomberg Europe’s Stoxx 600 equ...
Tag: Bank
Bank stocks plummet as fears over US lender sparks selloff
Banking stocks have plunged after concerns were triggered by a struggling US lender – Daniel LEAL / AFP Stock markets have plunged in London and across Europe as concerns over the US banking sec...
European bank stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%. It followed an announcement by the tech-focus...
Silicon Valley Bank Stock Plummets 60%, Should crypto Investors Brace for Impact?
Silicon Valley Bank’s parent company, SVB Financial Group, recently had to raise $2.25 billion on short notice to avoid job cuts in the technology and startup industries. This move by SVB Financial Gr...
Another US crypto-friendly bank downfall? Silicon Valley Bank stock drops 60%
The past few weeks have seen tech-focused banks offering crypto services and servicing crypto-friendly VCs run into financial difficulties. Silicon Valley Bank stock (NASDAQ:SIVB) dropped by over 60% ...
Don’t catch a falling knife amid bank runs
The SPDR S&P Bank ETF (KBE) stock price plunged hard on Thursday as challenges in the banking industry escalated. KBE shares dropped to a low of $42.64, which was the lowest level since July 14 la...
SVB sinks wiping $61B in market value off bank stocks
Jittery investors got another scare on Thursday after Silicon Valley Bank announced plans for $1.75 billion in common stock and depository shares. SVB shares lost 60.4%, the largest percentage drop si...
‘Sheer panic’ has gripped Silicon Valley VCs and founders amid worries that the startup industry’s most important bank is in trouble
Silicon’s Valley’s clubby world of venture capital investors and entrepreneurs plunged into panic on Thursday amid fast-spreading reports of financial trouble at one the startup industry&#...
One Bank Folds, Another Wobbles and Wall Street Asks If It’s a Crisis
(Bloomberg) — 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 st...
Bitcoin tumbles to 7-week low as bank failures, regulatory pressures weigh on crypto
Bitcoin (BTC-USD) fell more than 7.5% late Thursday to $20,300, a seven week low for the largest cryptocurrency. “This remains a tough environment for crypto. Bitcoin could see further selling pressur...
Investors dump US bank shares amid fears over value of bond portfolios
Investors wiped $52.4bn off the market value of the four largest US banks by assets on Thursday amid a widespread sell-off of financial stocks that analysts linked to investor fears over the value of ...
US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall
Fears have been heightened over the future of another United States bank this week after Silicon Valley Bank (SVB) announced a significant sale of assets and stocks aimed at raising additional capital...
Crypto VCs urge portfolio companies to pull funds from Silicon Valley Bank
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling to reassure clients after moves to shore up its balance ...
Fed Chair Powell Provides Update on US Central Bank Digital Currency – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the ...
S&P 500 Breaks Critical Support As SVB Financial Crash Slams Bank Stocks; Jobs Report Looms
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures ahead of Friday’s February jobs report. SVB Financial kept tumbling after triggering a bank stock s...
SVB Financial CEO Asks Silicon Valley Bank Clients to ‘Stay Calm’ as Shares Sink
(Bloomberg) — Peter Thiel’s Founders Fund and a handful of other venture capital firms advised their portfolio companies to pull money from Silicon Valley Bank on Thursday, responding to panic a...
Silicon Valley Bank shoots self in foot
It may go down in the history books about Silicon Valley: the time that its most prominent bank, a bank founded nearly 40 years earlier, inflicted such grievous injury on itself that it had to be resc...
Dow Plunges Over 500 Points As Bank Stocks Collapse
Topline Major stock indexes fell on Thursday as shares of banks across the nation collapsed following a stark warning from one of Silicon Valley’s biggest lenders, which said it hopes to raise b...
Signature Bank Stock Plummets as Crypto Banking FUD Spreads: Details
The ongoing Fear, Uncertainty and Doubt (FUD) in the digital currency ecosystem of today is notably impacting Silvergate Bank, one of the two dominant crypto-focused financial institutions. At this ti...
Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
The voluntary liquidation of Silvergate Bank, a crypto-friendly bank, has caused a stir in the crypto industry, with many sharing their thoughts about the bank’s troubles and the broader impact of its...
Sygnum Bank sees influx in client inquiries as Silvergate winds down
As one of the U.S.’s most prominent crypto banks winds down, on the other side of the pond its Swiss analog is experiencing an influx in demand. “I think there were not only U.S. pla...
Winklevii band Mars Junction on hiatus as Gemini bank loss rumors swirl
While no formal announcement has been issued, it looks like rock ‘n’ roll cover band Mars Junction, featuring the 41-year-old Winklevoss twins on lead vocals and guitar, is on indefinite hiatus. The b...
Xapo bank integrates Bitcoin Lightning Network amid turmoil in crypto banking sector
Ad Coinbase-owned Xapo bank announced its integration with the Bitcoin (BTC) Lightning Network on March 2, becoming the first fully-licensed bank integrated with the Lightning Network. This integratio...
Crypto Friendly Bank Silvergate Shuts Down
Key Takeaways Silvergate Bank announced yesterday it would be voluntarily undergoing liquidation. The bank assured that all customer deposits would be fully repaid. Silvergate had previously informed ...
Ukraine’s central bank sees both promises and threats in Bitcoin
The National Bank of Ukraine (NBU) has expressed a mixed stance on cryptocurrencies like Bitcoin (BTC) after a year of war in the country. The central bank of Ukraine sees both good and bad in virtual...
Bitcoin, Ethereum Down 8% on the Week as Silvergate Bank Shuts Shop
Bitcoin (BTC) is down 1.7% over the past day and 8.4% in the week, as the leading cryptocurrency slid to a three-week low of $21,640 in the early hours on Thursday, data from CoinGecko shows. The worl...
Signature Bank stock drops sharply after Silvergate announces winddown
Signature Bank SBNY, -1.47% stock is down 11% in premarket trades as carnage from the announced wind-down of digital currency financial services company Silvergate Capital Corp. SI, -5.76% impacted th...
Winklevii band Mars Junction on hiatus as Gemini loses bank access
While no formal announcement has been issued, it looks like rock ‘n’ roll cover band Mars Junction, featuring the 41-year-old Winklevoss twins on lead vocals and guitar, is on indefinite hiatus. The b...
Game Over: Silvergate Bank in Liquidation
The threat of bankruptcy has extended and nothing else could save the crypto bank except itself. Silvergate announced today it would shut down operations and liquidate its bank in an effort to cope wi...