Topline U.S. stocks plunged in early Wednesday trading as concerns about the health of the global banking industry continued to weigh on the market, with one high-profile Wall Street bigwig cautioning...
Tag: SVB
SVB and FTX-backed Chipper Cash contemplates sale or new investor
Chipper Cash, an African fintech company backed by Silicon Valley Bank and the defunct crypto exchange FTX, is reportedly considering various strategic moves, including a potential sale or attracting ...
SVB collapse leads to big paydays for short-sellers
The shorts have cleaned up during the Silicon Valley Bank and Signature Bank mess. Short sellers – who aim to profit from a decline in a stock price — of regional banks are up a cool $3.53 billi...
Retail Merchants Linked to Etsy and SVB Facing Delayed Payments
Etsy and its peers like Shopify have had to kickstart their restrategizing agenda. Retail merchants selling on several online marketplaces including American e-commerce marketplace Etsy Inc (NASDAQ: E...
Circle CEO: $3.3 Billion stuck at SVB may be recoverable
Circle CEO Jeremy Allaire confirmed that the firm has accessed the funds stuck at Silicon Valley Bank Allaire believes the $3.3 billion stuck in SVB will be fully recovered Jeremy Allaire, the co-foun...
Apollo among Investors Eyeing $73.6 Billion of Loans Held by SVB
In other SVB-related news, the Financial Group, which was the holding company of SVB, is exploring ways to sell off its other units. Private equity company Apollo Global Management is reportedly inter...
Treasuries Liquidity Dwindles as SVB Crisis Muddies Fed Outlook
(Bloomberg) — Liquidity in the world’s largest bond market is evaporating as the US banking crisis muddies the outlook for the Federal Reserve’s monetary policy. Most Read from Bloomberg Bid-ask...
SVB mixup forces India’s SVC Bank to issue a notice of clarification
The shockwaves caused by the collapse of Silicon Valley Bank (SVB) were felt by countless businesses, including a bank from India that had no relation with the California-based banking institution. S...
Fed Mulling Stricter Rules And More Oversight For Midsize Banks After SVB Collapse, Report Says
Topline The Federal Reserve is considering a stricter set of rules to govern midsize banks which could see these entities face similar oversight as the largest banks in the country, the Wall Street Jo...
Why Ray Dalio says SVB collapse is a ‘canary in the coal mine’
That’s the recently retired Ray Dalio, weighing in via his popular LinkedIn page to offer his thoughts on the collapse of Silicon Valley Bank, or SVB, and the regulatory response. SVB, whose client ba...
Bitcoin rallies after collapses of Signature, SVB and Silvergate. Here’s why
Bitcoin is seeing its best three-day performance since October 2019, as the collapse of three U.S. banks in a week fueled some investors’ hope that the Federal Reserve may have to take a less aggressi...
Citadel founder Ken Griffin: Fed’s intervention in SVB collapse shows U.S. capitalism is ‘breaking down before our eyes’
“The U.S. is supposed to be a capitalist economy, and that’s breaking down before our eyes. There’s been a loss of financial discipline with the government bailing out depositors in full.” That’s Ken ...
DOJ and SEC to probe SVB collapse and insider stock sales: Report
The United States Justice Department and the Securities Exchange Commission (SEC) have reportedly launched inquiries into the sudden collapse of Silicon Valley Bank (SVB) — which was shuttered by regu...
SVB execs sold $84 million of the bank’s stock over the past 2 years
Silicon Valley Bank CEO Greg Becker sold nearly $30 million of stock over the past two years, raising new questions over insider stock sales. Becker sold $3.6 million worth of shares on Feb. 27, just ...
Charles Schwab feels heat after SVB collapse
Charles Schwab is battling to allay fears about interest rates and unrealised losses after the brokerage’s shares fell 40 per cent following the collapse of Silicon Valley Bank. Schwab, which is the l...
Charles Schwab’s fortune battered by SVB collapse, with his wealth plunging more than any other American billionaire’s in 2023
Billionaire brokerage founder Charles Schwab has seen his personal fortune plummet in the aftermath of Silicon Valley Bank’s collapse over the weekend. According to the Bloomberg Billionaires Index, w...
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...
Warren Drafts Bill To Reverse Trump-Era Bank Deregulations After SVB Collapse, Report Says
Topline Democratic lawmakers, including Sen. Elizabeth Warren (Mass.) and Rep. Katie Porter (Calif.), unveiled legislation Tuesday to repeal a set of Trump-era policies that loosened regulations on sm...
SVB Collapse Meant Protecting ‘a Digital Dollar From the Banking System’: Circle CEO
In a recent interview, Circle’s CEO pointed out the irony of a traditional bank disrupting the wider crypto industry. “We are really trying to make sure that we’ve got the most solid infrastruct...
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...
SVB, Signature Bank Losses Will Not ‘Be Borne by the Taxpayer’, Insists President Biden
President Joe Biden gave brief comments Monday morning regarding the recent events surrounding the embattled Signature Bank and Silicon Valley Bank (SVB). Following several chaotic days, SVB was shut ...
Argo Blockchain Reports Zero Exposure To SVB And Silvergate Bank, Here’s Why
In a recent tweet, Argo Blockchain PLC revealed that it has no exposure to the shuttered SVB and Silvergate banks. It also shared a post responding to the bank issues, declaring that neither the Argo ...
Hedge fund legend Ken Griffin knocks US SVB depositor save
Hedge fund billionaire Ken Griffin was critical of how the U.S. government saved the depositors at Silicon Valley Bank (SVB), and thinks that is is a lesson in the moral hazard that exists in today’s ...
Powell Should Recuse Himself From Fed’s Internal Review Of SVB Oversight, Elizabeth Warren Says
Topline Sen. Elizabeth Warren (D-Mass.) called on Federal Reserve Chair Jerome Powell to recuse himself from the agency’s internal probe of its role in the Silicon Valley Bank collapse, a day after De...
Bitcoin value rises despite SVB
Despite the failure of Signature Bank, one of the first banks in the world to invest in Bitcoin, the value of the world’s most popular cryptocurrency continues to rise. Here’s why. What happened to Si...
USDC Loss Of Peg Shakes Crypto Market During SVB Collapse
SPONSORED POST* The cryptocurrency market is no stranger to volatility, but the recent USDC (USD Coin) loss of peg has sent shockwaves through the industry. Many traders and crypto users are wondering...
Biden Hints Next Step of Action Post SVB & Signature Collapse
The FDIC took control of SVB’s assets and Signature Bank over the weekend. Prez. Biden lays down a further course of action, reinstating the public’s faith. His plan of actions includes action agains...
SVB Financial Contagion Fears Go Global
China Last Night KraneShares Key News Asian equities curbed yesterday’s enthusiasm driven by China’s positive policies following the National People’s Congress as SVB’s collapse crushed Asian in...
Mawson Infrastructure Group Inc. Confirms No Exposure to Silvergate Capital and SVB, Transfers All Assets Away from Signature
SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, communicates to the market that it doesn’t have any historica...
Circle Accessed USDC Reserves In SVB This Week; Crypto News
Circle USDC News: In the wake of the devastating effect the failure of Silicon Valley Bank and Signature Bank had on the US markets, Circle CEO Jeremy Allaire gave the latest update on the state of af...
SVB and Silvergate are out, but major banks are still backing crypto firms
Over the last week, the collapse of three of the largest banks backing the crypto scene — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — has many industry pundits wondering how United...