Sweden’s largest pension fund, Alecta, is under fire this week for investments it made into now-defunct U.S. regional banks. After the collapse of the tech-startup-focused Silicon Valley Bank (SVB) on...
Tag: Failed
Ex-Ripple Advisor Appointed by Fed to Watch Over Failed Silicon Valley Bank (SVB)
Gamza Khanzadaev Michael Barr will lead supervision of collapsed Silicon Valley Bank (SVB) on Fed’s side Ripple’s former advisor and current Vice Chairman for Supervision at the Federal Re...
Coinbase, Paxos Disclose Exposure to Failed Signature Bank
Signature Bank emerged late Sunday as the latest institution to collapse amid a series of bank failures, and multiple crypto companies took to Twitter to declare whether they were affected by the gove...
FDIC plans second SVB auction after first failed attempt
The US Federal Deposit Insurance Corporation (FDIC) is looking to make another attempt at auctioning assets of collapsed Silicon Valley Bank (SVB) after failing to find a buyer the first time. Accord...
MKR sees green as regulators move to restore deposits at failed SVB
Following the announcements to make Silicon Valley Bank (SVB) depositors whole, MKR’s price rallied by double digits. Due to DAI depeg, MakerDAO’s fee income slipped by 10% over the weekend. In respon...
FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds – Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, Ma...
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 ...
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...
Silicon Valley Bank collapse could spark the next financial crash – but we cannot bail out failed bankers again
Silicon Valley Bank headquarters in Santa Clara, California – Philip Pacheco Depositors can’t get their money out. Payrolls might not be met next weekend. And small companies, especially i...
Silicon Valley Bank failed for one simple reason: its key startup clients lost faith.
Silicon Valley Bank SIVB, -60.41%, a 40-year-old bank at the heart of the valley’s ecosystem, was forced to shutter Friday after its core depositors — many of them startup companies — took out $42 bil...
Failed tech bank SVB held over $5B for prominent crypto VCs: Report
According to a report that began circulating on March 11 in the aftermath of the collapse of Silicon Valley Bank (SVB), prominent blockchain venture capitalists (VCs) have over $6 billion worth of ass...
A major Bay Area bank just failed. ‘Spectacular overpriced bubbles’ are going to keep popping, warns legendary investor Jeremy Grantham
As investors grapple with the abrupt failure of Silicon Valley Bank on Friday, many are wondering what its demise says about the market trouble that could lie ahead. Legendary investor Jeremy Grantham...
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...
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...
SVB Is in Sale Talks After Capital Raising Failed, CNBC Says
(Bloomberg) — SVB Financial Group is in talks to sell itself after attempts to raise capital amid a bank run failed, CNBC reported. Most Read from Bloomberg Large financial institutions are look...
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...
Bears Rule GRT Market After Bulls Failed to Break Resistance Levels
GRT token shows a negative trend in the market, with the bears strongly dominating. The support level for the cryptocurrency is present at the $0.1225 level. Currently, GRT is trading at the $0.1234 l...
Cosmos (ATOM) Price Shows Weakness by Failed Breakout
The Cosmos (ATOM) price failed to sustain its breakout, signaling that lower prices could follow soon. ATOM is the native token of the Cosmos ecosystem, which aims to function as an internet of blockc...
Trump-Lake 2024? He’s Reportedly Considering Her As A VP Pick—But She Says She’s Still Focused On Failed Arizona Race
Topline Former President Donald Trump is considering defeated Arizona gubernatorial candidate Kari Lake as a potential running mate in the 2024 presidential election, Axios reported Tuesday, citing pe...
BAT Price Analysis: Bulls tried to take over BAT price but failed
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Capitol Police, FBI Failed To Disclose Information About Credible Threats Before January 6, Government Watchdog Says
Topline U.S. Capitol Police and the FBI properly identified “credible threats” to the Capitol but did not adequately share information about those threats in the time leading up to the January 6 insur...
Why Goldman’s Marcus project failed and what it means for CEO Solomon
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on the sidelines on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. S...
5 Altcoins That Failed to Capitalize on Bullish Crypto Market
BeInCrypto looks at five altcoins that decreased the most from the entire crypto market this week, specifically from February 10 – 17. The altcoins that have fallen the most from the entire crypto mar...
SEC To Sue Firm Behind Failed Terra Stablecoin, Terraform Labs
Nearly a year after the demise of Terra and it’s UST stablecoin, the SEC is in pursuit. It’s the latest in a suite of regulatory hammers that the Securities and Exchange Commission has been bringing t...
Regulators Failed to Address Crypto Collapses, Now They’re Going After ‘On-Ramps’
In a later interview with CoinDesk Campbell said while unintentional, “I think the problem is that it is the world [federal regulators] have created, and it’s important to surface that poi...
JD.com (JD): ChatJD Bulletin failed to Gain Traction, down 49%
Beijing based e-commerce giant announced, AI bot ChatJD. ChatJD would be an “industrial version” of ChatGPT. Beijing, China-based e-commerce giant JD.com, Inc. sells electronics products and general m...
The apprenticeship levy has utterly failed the British economy
Apprentice scheme – Anthony Upton The UK has a problem across almost every sector and every industry that, until it is fixed, is damaging our economic future and productivity. It is no secret th...
3AC founder failed to comply with subpoena, promoting new venture instead
The Three Arrows Founder, Kyle Davies, has been accused of ignoring Twitter subpoenas as he markets his new venture, another crypto project. Ignoring the subpoena? A New York court filing brought to l...
Pentagon Admits It Failed To Spot 3 Chinese Spy Balloons During Trump’s Term
Topline The Pentagon failed to detect three suspected Chinese spy balloons as they flew over the U.S. during former President Donald Trump’s tenure, a top Defense official said Monday, two days after ...
US Hitman Paid $20 K in BTC to Kill a Teenager: Attempt Failed
Some features of cryptocurrency make them ideal for illicit activities, like paying bad guys to do their job. Recently, a man from New Jersey had accepted in Federal Court on Thursday, February 2, 202...
Logan Paul faces class-action lawsuit over failed CryptoZoo NFT project
A class action lawsuit was filed against YouTube influencer Logan Paul and his associates over the failed crypto project CryptoZoo, according to a Feb. 2 court filing. A Texas resident Don Holland fil...