Bank of America is sitting on the largest losses among the country’s biggest banks in a key portion of its bond portfolio. Bank of America (ticker: BAC), like other banks, invests in Treasury securiti...
Tag: SIVB
Regional banks are seeing flight of deposits to too-big-to-fail megabanks
The unexpected demise of Signature Bank over the weekend, on the heels of the failure of Silicon Valley Bank, ignited a shoot-first-and-ask-questions-later reaction among regional-bank investors as cu...
Stocks of multiple banks get halted for volatility, more than once, to start the trading day
To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group’s SIVB, Silicon Valley Bank and Signature Bank SBNY, -22.87%, investors can check out the N...
U.S. Regulators Reassure SIVB Depositors Over Safety of Funds
U.S. Regulators have released a joint statement over Silicon Valley Bank dissolution. The regulators assured that the taxpayer will bear no losses over the bank’s failure. The protection does not cove...
Western Alliance Bancorp stock set to suffer record selloff of over 60% to 10-year low in wake of SVB collapse
Shares of Western Alliance Bancorp WAL, -74.87% took a 62.4% plunge toward a 10-year low in premarket trading Monday, adding to last week’s tumble in the wake of the collapse of SVB Financial Group’s ...
Hercules Capital said it has ‘ample liquidity’ to support requirements, but stock keeps falling
Hercules Capital Inc. HTGC, -11.14% looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate challenges” created by the decision by ...
First Republic Bank shares slump 60% in premarket trade
First Republic Bank FRC, -14.84% shares fell 60% after the weekend collapse of Signature Bank and Friday’s closure of SVB Financial, even as federal regulators stepped into guarantee those deposits an...
Circle Has $3.3B SIVB Exposure, Crypto Daily TV 13/3/2023 $USDC
In Todays Headline TV CryptoDaily News: BTC rises on govt. plan to protect all SVB depositors. The price of bitcoin rose above $21,400 after the Washington Post reported that U.S. federal authorities ...
Did the Fed plant the seeds of destruction of Silicon Valley Bank?
Were the seeds of Silicon Valley Bank’s collapse planted by the Federal Reserve’s rapid rate increases? That is one of the debates ranging online over the weekend. Michael Green, chief strategist and ...
Treasury, Fed and FDIC joint statement on SVB and Signature Bank: full text
U.S. financial regulators on Sunday said Silicon Valley Bank SIVB, -60.41% depositors would have access to “all their money” starting Monday and that no losses associated with the bank’s resolution wo...
SVB collapse means more stock-market volatility: What investors need to know
It’s all eyes on federal banking regulators as investors sift through the aftermath of last week’s market-rattling collapse of Silicon Valley Bank. The name of the game — and the key to a near-term ma...
No Bailout for SVB. Here’s What to Expect.
The sudden collapse of Silicon Valley Bank last week segued into an anxious weekend for depositors, as start-ups and Wall Street fretted about the regulatory response to the largest bank failure since...
As Silicon Valley Bank concerns grow, Yellen says she has been ‘working all weekend with our banking regulators to design appropriate policies’ to address depositors
“‘I’ve been working all weekend with our banking regulators to design appropriate policies to address the situation.’” — Treasury Secretary Janet Yellen That is Treasury Secretary Janet Yellen, speaki...
My Bank Trade? An ‘Insurance Policy’ on BofA I Hope Doesn’t Pay Off
By Friday, Silicon Valley Bank became pretty much a household name, even by the many who’d never previously heard of, or cared, about it. The Silicon Valley Bank, the California bank subsidiary ...
Hedge funds and banks offer to buy deposits trapped at Silicon Valley Bank
Hedge funds are offering to buy startup deposits at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter. Bids range ...
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...
Silicon Valley Bank staff offered 45 days of work at 1.5 times salary by FDIC
Staff of Silicon Valley Bank were offered 45 days of employment at 1.5 times their salary by the Federal Deposit Insurance Corp, the regulator that took control of the collapsed lender on Friday, Reut...
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 $42 bil...
Where Were the Regulators as SVB Crashed?
Silicon Valley Bank’s failure boils down to a simple misstep: It grew too fast using borrowed short-term money from depositors who could ask to be repaid at any time, and invested it in long-term asse...
Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike
The second-largest bank failure in U.S. history might help the Federal Reserve do its job of tightening credit and slowing the economy. To be sure, the sudden collapse of the Silicon Valley Bank unit ...
Silicon Valley Bank ($SIVB) Shut Down By Banking Regulator
– Advertisement – Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation. The FDIC-insured crypto-friendly bank was shut down by the ban...
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...
Time to Hunker Down as SVB Financial Exposes a Growing Number of Naked Swimmers
Some fears of financial contagion crept into the market on Thursday. SVB Financial Group (SIVB) plunged 60% during the trading day and is down big again Friday. SIVB is the parent of Silicon Valley Ba...
SIVB, BIRD, DOCU and more
Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in ea...
Banking Selloff Goes Global After SVB Trouble. HSBC, BNP Paribas, UBS Tumble.
The selloff in the banking sector spread across the globe on Friday after SVB Financial Group said it was forced to unload assets at a loss following a decline in deposits. HSBC (ticker: HSBA.UK), Eur...
KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks
On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks and other financial services companies, but Keefe, Bruyette ...