Topline The second and third-largest bank failures in U.S. history rattled investors’ confidence in bank stocks to the tune of tens of billions of dollars Monday, as the contagion fears from Silicon V...
Tag: Silicon Valley Bank
A Dark Day For Silicon Valley Bank Is Bitcoin’s Time To Shine
(Photo by Chesnot/Getty Images) Getty Images BitcoinBTC , the digital currency that has long been viewed with skepticism by the financial establishment, is having its moment in the sun. Following the ...
Losses Top $165 Billion As Analyst Warns SVB Failure Risks Intense Regulator Scrutiny
Topline The second and third-largest bank failures in U.S. history rattled investors’ confidence in bank stocks to the tune of tens of billions of dollars Monday, as the contagion fears from Silicon V...
Jobs Report Offers Mixed Results And Fed Says Interest Could Go Higher Than Expected
Getty Images TL;DR This weeks jobs report offered up mixed results, with new payrolls of 311,000 beating expectations, at the same time as unemployment rose and wages stayed broadly flat Fed Chairman ...
Opportunities For The Patient Investor
Warren Buffett also once said, “Opportunities come infrequently. When it rains gold, put out the … [+] bucket, not the thimble.” (Photo by David Silverman/Getty Images) Getty Images ...
Crypto Prices Rebound As Regulators Step In Over Silicon Valley Bank Collapse
Topline The value of tokens like bitcoin and ether rallied on Monday after hitting weeks-long lows on Friday, part of a broader rally in cryptocurrency prices as markets react to the widening fallout ...
HSBC Rescues SVB’s U.K. Arm As Bank Collapse Fallout Spreads Beyond U.S.
Topline HSBC on Monday announced it was acquiring the U.K. arm of failed Silicon Valley Bank (SVB), throwing a much needed lifeline to the country’s tech and life sciences sectors and ending a frenzie...
Goldman Analysts Forecast No Fed Rate Hike In March
Topline Analysts at Goldman Sachs on Sunday said it “no longer expects” the Federal Reserve to hike interest rates later this month, after federal regulators moved to swiftly shield the U.S. banking s...
Here Are 4 Things That Small Banks Must Do Now
In the wake of the largest bank failure since the Great Financial Crisis small banks are in a particularly special space. Small banks are needed now more than ever, but they must navigate the current ...
Investors Wiped Out As Bank Run Causes Collapse Of Silicon Valley Bank
SANTA CLARA, CALIFORNIA – MARCH 10: A customer stands outside of a shuttered Silicon Valley Bank … [+] (SVB) headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank ...
Silicon Valley Bank Collapse Is A Blow To Clean Energy Tech, Regardless Of What Happens In The Next 24 Hours
On March 10th Silicon Valley Bank (“SVB”) failed. Since that time there has been a lot of shouting from all sides on what type of economy and banking system should exist and how that should inform the...
Why Deposit Insurance Didn’t Help Silicon Valley Bank
A sign to Silicon Valley Bank is seen through raindrops on a window in Santa Clara, Calif., Friday, … [+] March 10, 2023. The Federal Deposit Insurance Corporation is seizing the assets of Silic...
How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise
I sure hope that anti-regulation politicians and SVB executives will step in and help all who will … [+] lose their jobs due to SVB’s gross mismanagement. AFP via Getty Images Anyone who d...
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...
After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll
Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank, long a linchpin of tech financing, were locked up...
Etsy Struggles To Pay Sellers After Collapse Of Silicon Valley Bank
An Etsy marketplace is set up in Times Square outside the NASDAQ to commemorate the Etsy initial … [+] public offering which debuted to the public on Thursday, April 16, 2015. Shares of Etsy dro...
Warning Signals About Silicon Valley Bank Were All Around Us
Silicon Valley Bank now has the dubious distinction of being the second largest bank failure in the … [+] history of the United States. (Photo by NOAH BERGER / AFP) AFP via Getty Images Silicon ...
Bank Stocks In Decline: A Price Chart Analysis
banks, Silicon Valley Bank getty Silicon Valley Bank collapses and the effects of contagion fear is immediately apparent in the stock price declines of bank stocks all over the country. Photos and vid...
Circle says $3.3 billion of USDC reserves are with Silicon Valley Bank
Circle, the crypto payments firm behind stablecoin USDC, confirmed late Friday evening that $3.3 billion of the cash backing its coin remain with Silicon Valley Bank. Circle, which had early tw...
Stablecoin issuers seek to diversify banking partners in the wake of Silicon Valley Bank’s meltdown
The failure of California-based Silicon Valley Bank today leaves the crypto market with one fewer lending partner, adding further pressure on stablecoin issuer Circle to beef up its portfolio of bank ...
What To Know About Silicon Valley Bank’s Collapse—The Biggest Bank Failure Since 2008
Topline Silicon Valley Bank collapsed in spectacular fashion Friday just days after it announced big losses, failing at attempts to raise funds or seek out a buyer, and creating the biggest bank failu...
Biggest Bank Failure Since Great Recession Sparks ‘Overblown’ Fears Of Contagion—But Big Lingering Risks Remain
Topline The sudden collapse of startup lender Silicon Valley Bank—which has culminated in the biggest bank failure since the Great Recession—has wreaked havoc on stocks and sparked fears of a potentia...
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...
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 ...
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 ...
How This Small Wine Business Grew By Offering Connection And Education
Crystal Cameron-Schaad, DipWSET, proprietor of Crystal Palate in the East Beach neighborhood of … [+] Norfolk, Virginia Courtesy of Crystal Cameron-Schaad, DipWSET Crystal Cameron-Schaad says th...
Why ‘Warm Days, Cool Nights, And Special Soils’ Aren’t Attracting Young People To Wine
Silicon Valley Bank’s State of the US Wine Industry 2023 highlights a need for the industry to … [+] attract customers under the age of 60. getty Crystal Cameron-Schaad runs Crystal Palate...
U.S. Wineries Still Not Doing Enough To Attract Younger Multi-Cultural Consumers, SVB 2022 Report Says
Group Of Friends Enjoying Night Out At Rooftop Bar getty Though more than 50% of the premium wineries surveyed in Silicon Valley Bank’s 2022 State of the Wine Industry Report, stated they had a very g...