Mercury, Brex and Customers Bank are just some of the names being batted around to crypto founders who are now left scrambling to find alternate banking services following the collapse of Silvergate, ...
Tag: SVB
Hedge fund billionaire Ken Griffin says US should have let SVB die
Hedge fund boss Ken Griffin says the US government should have allowed Silicon Valley Bank to go under as a “lesson in moral hazard,” rather than stepping in with a rescue package, reports the Financi...
US Shouldn’t Have Bailed Out SVB Depositors, Say Investors Like Ken Griffin and Carson Block
(Bloomberg) — The US government’s emergency decision to backstop the financial system after the collapse of Silicon Valley Bank has earned praise from prominent names including Larry Summers and...
FDIC Takes Control: SVB and Signature Bank Assets In Question Amid Crypto Market Rally
In a joint statement released by the US Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC), it was announced that the FDIC has taken control of the assets of both Silicon ...
FDIC plans second SVB auction after first failed attempt
The US Federal Deposit Insurance Corporation (FDIC) is looking to make another attempt at auctioning assets of collapsed Silicon Valley Bank (SVB) after failing to find a buyer the first time. Accord...
What next after SVB collapse? 30% chance of interest rate cuts by the summer
That escalated quickly. Silicon Valley Bank (Nasdaq: SIVB) is no more, the biggest banking casualty since Lehman Brothers shocked the world in 2008. In came the US administration, pulling out emergen...
Why More Trouble Is Coming Following SVB And Signature Bank Collapse
The sudden, sensational collapse of Silicon Valley Bank and then another big bank’s failing over the weekend have hit financial markets like an earthquake. These institutions made their particular mis...
Depositors Flock to JPMorgan & Citi After SVB, Signature Closure
With the demise of Silicon Valley Bank and Signature, customers are flocking to major US banks like JPMorgan and Citigroup to transfer money from smaller lenders. According to executives cited by The ...
XRP News: Almost 1 Billion XRP Moved Amid Ripple CEO’s SVB Exposure Talks
XRP News: Ripple’s native token, XRP price hasn’t moved much over the past week while the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have registered a remarkable recovery. How...
Impact of SVB collapse on Ripple crypto?
Ripple‘s CEO recently confirmed the exposure to SVB, Silicon Valley Bank, which collapsed on Friday 10 March. Thus, it begs the question what impact this will have on the XRP token and, more generally...
HSBC Acquires Troubled Silicon Valley Bank (SVB) UK Subsidiary for £1, Shares Down Today
HSBC’s announcement came at a time the United States government announced a $25 billion bailout of struggling Silicon Valley Bank and Signature Bank to avoid a further banking crisis. In a stunning tu...
Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors
The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom...
Regional Bank ETFs Battered as SVB Fallout Spreads
Regional banking exchange-traded funds, often seen as safe investments as their holdings rely on mortgages and small business loans, are getting clobbered today as the closures of Silicon Valley Bank ...
SVB collapse unlikely to hit fundraising for Southeast Asia startups: VCs
SANTA CLARA, CA, US – MARCH 13: People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s colla...
Bitcoin and Ether Price Jumps Over 9% as Fed and FDIC Come at SVB Depositors’ Rescue
The Fed and the FDIC have assured depositors that they could withdraw money from Silicon Valley Bank thereby instilling some confidence among crypto investors. In the early trading hours on Monday, Ma...
NYDFS Taking Over Signature Bank as SVB Fails
The decision to take over Signature Bank was made to reduce depositor outflows and prevent further bank runs. The New York Department of Financial Services (NYDFS) has taken over the crypto-friendly b...
‘Signature’ Fall of Crypto Bank In-line With SVB and Silvergate
Signature Bank was among the top banking institutions known to serve crypto entities. Dramatically, it met a similar fate as its counterpart Silvergate Bank Silicon Valley Bank. Both the crypto-friend...
Evercore warns SVB fallout will force new market low
Evercore ISI is comparing the bank stress to another critical time on Wall Street: The year of the savings and loan crisis and epic crash. “To think you would see financial stress of this kind d...
The Simpsons Predicted Again: SVB Melts in Years-Old Episode?
The Simpsons did it again, this time with SVB SVB, or the Silicon Valley Bank, was acquired by the US regulators dated March 10, following a run on deposits. In light of the occurrence, the social med...
Wall Street analysts make big calls on bank stocks in wake of SVB failure
Wall Street analysts are wasting no time trying to make some big calls on stocks that have been swept up into the discussion of the Silicon Valley Bank and Signature Bank meltdowns, even if it means f...
Bank Bailouts—What They Are And Why Some Experts Say Signature Bank And SVB Didn’t Get One
Topline Silicon Valley Bank and Signature Bank collapsed over the weekend in an uncanny echo of the 2008 financial crisis, and though many experts note the Treasury Department’s plan to save dep...
Ripple’s Top Lawyer Heaps Praise on Lawmaker Over SVB Bailout
Alex Dovbnya Stuart Alderoty, Ripple’s general counsel, has taken to Twitter to praise California congressman, Ro Khanna, for his efforts in protecting depositors at Silicon Valley Bank (SVB) fo...
Stablecoins and the Collapse of SVB: A Wake-Up Call
Banks are collapsing at an alarming rate, leaving investors and stakeholders questioning the stability of stablecoins. First, Silvergate failed, and now, SVB, which held $3.3B of Circle’s funds (the i...
Losses Top $185 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...
How ‘duration risk’ came back to bite SVB and led to rapid collapse
Following the fall of Silicon Valley Bank, a lot of terms are being thrown around on CNBC and elsewhere in discussions about what went wrong. One key term is “duration risk” along the yiel...
Silvergate and SVB bite the dust: Law Decoded, March 6–13.
Last week, another major quake shook crypto markets. Silvergate Bank — a crypto-fiat gateway network for financial institutions and a significant on-ramp for cryptocurrencies in the United States — sh...
SVB Shareholder Files First Lawsuit Against Bank Executives Over Historic Collapse
Topline A Silicon Valley Bank shareholder filed a lawsuit Monday against the financial firm just days after it collapsed in the biggest bank failure since 2008, marking the first of what will likely b...
Ripple in ‘Strong Financial Position’ despite SVB Exposure, CEO Says
Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis. In a March 12 Twitter thread to his 700,000 followers, Rippl...
Democrats Blame SVB Collapse On Trump-Era Regulatory Rollbacks—But GOP Opposes Stricter Rules
Topline Democrats placed blame for the collapse of Silicon Valley Bank and Signature Bank over the weekend on looser regulations signed by former President Donald Trump, and called for Congress to rei...
USDC, SVB saga fuels massive profits for Ethereum [ETH] as Shanghai looms
Ethereum’s profits rise as trading activity increases due to USDC and SVB saga Short sellers face the heat as their positions get liquidated The aftermath of the collapse of SVB and Signature bank has...