If the time to buy is when the blood is running in the streets—as the Baron Rothschild famously once said—then you should be buying bank stocks. That’s because Wall Street is running red with the bank...
Tag: Silicon
FDIC closes Silicon Valley Bank after bank fails to raise new capital
Regulators closed troubled Silicon Valley Bank after deposit outflows and a failed capital raise plunged the country’s 16th largest bank into crisis, roiling the larger lending industry. It beca...
Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC reserv...
Elon Musk Explores the Idea of Acquiring Silicon Valley Bank
On Friday, March 10, California Banking regulators announced the shutdown of the Silicon Valley Bank (SVB) Financial Group. SVB ran into major trouble with a bank run earlier this week and is the seco...
Silicon Valley Bank (SIVB) dropped 60%: Is Recession Knocking?
Silicon Valley Bank (SIVB) shares crashed by 60% on Thursday. Can it be said that recession is on the horizon? The company recently announced its plans to raise $2 billion-plus in the capital by selli...
Thiel’s Founders Fund Withdrew Millions From Silicon Valley Bank
(Bloomberg) — Peter Thiel’s Founders Fund had no money with Silicon Valley Bank as of Thursday morning as the bank descended into chaos, according to a person familiar with the matter. Most Read...
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...
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SV...
Silicon Valley Bank Panic Crashes 10 Bank Stocks — Is Yours OK?
The halt to trading of Silicon Valley Bank (SIVB) shares is setting off a cascade of selling throughout the financial sector. Is your bank or brokerage one of them? X Shares of 10 stocks in the financ...
Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure
Ad California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. Silicon Valley Bank closed by regu...
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...
BlockFi has $227 million in uninsured funds in Silicon Valley Bank
Crypto lender BlockFi has $227 million in “unprotected” funds in Silicon Valley Bank, according to a bankruptcy document, and may be in violation of U.S. bankruptcy law. The bank was shut down b...
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 ...
Silicon Valley Bank CEO Reassuring Clients After 60% Slump
Silicon Valley Bank operating as SVB Financial Group is seeing the worst of its days with its share price plunging by 23.52% in the Pre-Market, following a massive slump of 60.41% on Thursday. Conside...
How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
In the end, Silvergate Bank didn’t survive. But its executives were able to avoid taking government assistance. Silvergate Capital’s share price is down 83% since March 1, the day it said it was unabl...
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...
Silicon Valley Bank collapse: How it happened
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images On Wednesday, Silicon V...
Multiple Portfolio Companies Withdraw Funds from Silicon Valley Bank
Crypto venture capital firms advised their portfolio companies to pull their investments from American commercial bank Silicon Valley Bank (SVB). Specifically, five crypto-focused venture capital inve...
Circle’s USDC Reserves In Hot Water As Records Show Exposure To Silicon Valley Bank
On Friday, the prominent Silicon Valley Bank, which served as the go-to bank for venture capitalists and startups, got shuttered down by the California Department of Financial Protection. Although not...
Crypto-friendly bank Silicon Valley Bank shut down by California regulator
On March 10, the California Department of Financial Protection and Innovation (DFPI) ordered Silicon Valley Bank, a major financial institution for venture-backed companies, to be closed—making it the...
Just how big is Silicon Valley Bank
Silicon Valley Bank (NASDAQ: SIVB) stock did not open for trading Friday morning after regulators closed the bank. The troubled institution was seeking a sale of itself but a major bank-run by custome...
US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual – Bitcoin News
After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the fin...
Banking Sector In Crisis: Silicon Valley Bank Closed
Another bank is in crisis; Silicon Valley Bank (SVB) has followed the financial freefall amid Federal Reserve (Fed) Chairman Jerome Powell’s hawkish macroeconomic view and tightening policies to contr...
Silicon Valley Bank Officially Fails as FDIC Takes Over
The embattled Silicon Valley Bank (SVB) has officially been closed down by the California Department of Financial Protection and Innovation, making for the second-largest bank failure in U.S. history....
Fintech Brex got billions of dollars in Silicon Valley Bank deposits Thursday
Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. The company, itself a high-flying startup, has benefited after venture c...
Silicon Valley Bank shut down by California regulator
Silicon Valley Bank, a major financial institution for venture-backed companies, was shut down by California’s financial watchdog on March 10 — marking the first Federal Deposit Insurance Corporation-...
US Regulators Seize Silicon Valley Bank, To Protect Depositors
Crypto News: California regulators have reportedly seized Silicon Valley Bank in what could be the largest bank failure in the recent times. This news comes amid the bank’s attempts to sell itself aft...
Silicon Valley Bank Closed Down, Regional Bank Stocks Trading Halted
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...
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...
Silicon Valley Bank collapse: What should you do if your bank closes down?
Silicon Valley Bank, which helps fund technology startups backed by venture-capital firms, has closed its doors. The California Department of Financial Protection and Innovation made the decision to c...