According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition,...
Tag: Silicon
Bitcoin and Other Cryptos Surge Amid Silicon Valley Bank Downfall
Coin Stories podcast host Natalie Brunell recently had a conversation on Fox Business regarding the stability of cryptocurrencies. Brunell spoke about the surge in cryptocurrency prices during a banki...
Credit Suisse chairman says Silicon Valley Bank crisis looks contained
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. Arnd Wlegmann | Reuters The contagion effect from the recent collapse of Silicon Valley Bank i...
Robinhood Users Say The Trading App Won’t Cash In Their Profitable Bets Against Silicon Valley Bank
The last time Robinhood got into hot water with its users, CEO Vlad Tenev got hauled in front of Congress. Photographer: Daniel Acker/Bloomberg © 2021 Bloomberg Finance LP If you had “Robinhood contro...
Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank
Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds held with the collapsed bank, Silicon Valley Bank (...
USDC Struggled to Maintain Peg Amid Silicon Valley Bank Fiasco
Financial markets are undeniably sensitive to the news regardless of whether it is company or industry-specific. The cryptocurrency market being the nascent one among all the economic sectors also pro...
‘It’s a big failure for us.’ Sweden’s largest pension fund invested in both Silicon Valley Bank and Signature Bank before they failed
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...
Silicon Valley Bank committed ‘one of the most elementary errors in banking,’ Larry Summers says
Silicon Valley Bank, the nation’s 16th-largest bank, failed because its managers made a textbook mistake, according to former Treasury Secretary Larry Summers. Summers, a Harvard University prof...
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...
SEC, DOJ Investigating Insider Stock Sales at Silicon Valley Bank: WSJ
The U.S. Justice Department and the U.S. Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, according to a report today from The Wall Street Journal. The investi...
SEC, DOJ investigating Silicon Valley Bank: WSJ
Two U.S. regulators have begun an early investigation into the failed Silicon Valley Bank (SVB), according to a report from the Wall Street Journal on March 14. SEC, DOJ reportedly investigating SVB S...
BlockFi Bankruptcy Attorney Describes Digital Assets Lender as Safe amid Silicon Valley Bank Crisis
Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday. Despite the Silicon Bank exposure, a BlockFi bankruptcy lawyer maintains that ...
Silicon Valley Bank Contagion: Crypto Companies Affected Include BlockFi, Circle, Avalanche, Ripple
As the fallout from the stunning collapse of Silicon Valley Bank (SVB) plays out, numerous crypto companies have signaled their exposure to the bank, which long maintained a reputation as one of the m...
Could the Silicon Valley Bank Crisis End Crypto Winter?
Following the collapse of Silicon Valley Bank, markets are predicting the Federal Reserve will take a softer approach to raising interest rates, a potentially hopeful sign for cryptocurrencies that ha...
Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans
People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s collapse, on March 13, 2023. Nikolas Liepin...
Bitcoin Surges Nearly 20% Following Silicon Valley Bank ‘Bailout’
The price of Bitcoin is surging, up 19.8% in the past day after regulators and the Joe Biden Administration stepped in to assuage investors that depositors in the failed Silicon Valley Bank would be m...
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders – Bitcoin News
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hidi...
HSBC UK Acquires Silicon Valley Bank’s UK Branch for £1
The embattled Silicon Valley Bank has just come under new ownership, at least in the United Kingdom. Per a filing on March 13, 2023, HSBC UK Bank plc, a subsidiary of the behemoth bank, announced that...
SEC And DOJ Will Investigate Silicon Valley Bank’s Collapse, Report Says
Topline The Department of Justice and Securities and Exchange Commission will reportedly investigate the sudden failure of Silicon Valley Bank, which collapsed in dramatic fashion last week, the Wall ...
SEC and Justice Department: Silicon Valley Bank investigation
People queue up outside the headquarters of Silicon Valley Bank to withdraw their funds on March 13, 2023 in Santa Clara, California. Liu Guanguan | China News Service | Getty Images The Securities a...
Silicon Valley Bank was the tip of a banking iceberg
Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in store at a given point in time — a concept known as fract...
SEC and DOJ Launch Probes Against Silicon Valley Bank: Report
Both the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) are reportedly investigating the now-collapsed Silicon Valley Bank (SVB) after depositors to the bank were bailed out ...
Silicon Valley Bank Collapse Is Flashback of Lehman Brothers?
2 hours ago | 2 mins read Bitcoin News Silicon Valley recalls the Lehman Brothers failure. USD Coin price stabilized at a $0.9997 peg. Silicon Valley Bank (SVB), which had connections to big-shot inte...
Feds Shut Down Signature Bank, Say Signature and Silicon Valley Bank Depositors Will Be Made Whole
All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority....
Bidders Want To Buy Silicon Valley Bank In Parts?
Silicon Valley Bank News: After the FDIC auction process for finding a potential buyer for the Silicon Valley Bank (SVB) did not yield results over the weekend, another round of auction appears to be ...
Silicon Valley Bank Bailout Ruled Out By Treasury Secretary Janet Yellen
Treasury Secretary Janet Yellen said Sunday that the federal government is not considering a bailout for Silicon Valley Bank, but is focused on addressing the needs of the failed bank’s depositors. Du...
Silicon Valley Bank Now Under Investigation By U.S. SEC & DOJ
According to reports, the Justice Department and the Securities and Exchange Commission of the United States are conducting an investigation into the failure of Silicon Valley Bank. The investigation ...
HSBC Acquired Silicon Valley Bank UK Arm: Deposits Protected
HSBC has stepped up as a white knight to rescue SVB’s distressed UK arm with a sale at rock bottom prices! British banking giant HSBC Holdings announced today its acquisition of Silicon Valley Bank (S...
the crypto today and Silicon Valley Bank case
In this article we will go over how the crypto world reacted to the Silicon Valley Bank crisis, with an eye on today’s updates on the case. The US government intervened to prevent the collapse of Sili...
Fantom Rebounds 20% After Silicon Valley Bank News, Avorak AI Gains Investors 75%
The swathes of news on Silicon Valley Bank, among other banks that are facing liquidation, caused a flurry of selling on many crypto assets over the past week. This selling pressure many cryptocurrenc...
Silicon Valley Bank Sued by Shareholders Alleging Fraud
24 seconds ago | 2 mins read Bitcoin News Silicon Valley Bank has over $16 billion in unrealized losses as of the closing date. The complaint alleges mismanagement of circumstances that led to its dow...