Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tin...
Tag: SVB
Roku Among Most-Exposed Firms With Assets Caught in SVB Failure
(Bloomberg) — Of the companies listing assets caught up in the collapse of Silicon Valley Bank on Friday, Roku Inc. is among those reporting the heaviest exposure. Most Read from Bloomberg Dozen...
Regulators rush to sell SVB assets to make uninsured accounts partly available on Monday: Bloomberg
Regulators are scurrying to sell assets of the failed Silicon Valley Bank this weekend and hope to make between 30% to 50% of uninsured deposits available for withdrawal Monday, Bloomberg reported. &#...
SVB Draws Support From More Than 100 Venture Firms, Investors
(Bloomberg) — More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls to limit the fallout of the bank’s collaps...
FDIC Races to Start Returning Some Uninsured SVB Deposits Monday
(Bloomberg) — US regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, accor...
How SVB Was Doomed By a Bad Bet on Mortgage Securities and the Fed’s Rate Hikes
The demise of Silicon Valley Bank wasn’t driven by credit problems but by an old-fashioned mismatch of assets and liabilities that doomed many thrifts back in the 1970s. California regulators seized S...
Etsy Struggles To Pay Sellers After Collapse Of Silicon Valley Bank
An Etsy marketplace is set up in Times Square outside the NASDAQ to commemorate the Etsy initial … [+] public offering which debuted to the public on Thursday, April 16, 2015. Shares of Etsy dro...
Crypto Shaken as SVB Risk Depegs Second-Largest Stablecoin
(Bloomberg) — The fallout from the failure of Silicon Valley Bank reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space. ...
Blindsided by SVB, Credit Traders Are Rushing Toward Safety
(Bloomberg) — The rapid failure of Silicon Valley Bank is threatening to upend a rebound in credit markets that had been luring investors back to even some of the riskiest corporate borrowers. M...
Circle Released its Examination Report After SVB Crisis
Circle recently announced that it uses Silicon Valley Bank (SVB) to manage almost 25% of USDC reserves held in cash. After the Circle’s announcement, USDC started depegging, with USDC falling by near...
USDC slowly repegs on unconfirmed reports of SVB resolution
According to a post on Mar. 11 by Bob Elliot, chief investment officer of unlimited funds, relief efforts may already be underway less than 72 hours after the collapse of prominent American tech bank ...
From Santa Clara to Shoreditch, SVB Failure Spreads Around World
(Bloomberg) — The fallout from the collapse of Silicon Valley Bank is starting to spread around the world. Most Read from Bloomberg SVB’s UK unit is set to be declared insolvent, has already cea...
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...
SVB implosion ‘a-soon-to-be-irreversible mistake’ unless government intervenes
The consequences could be “vast and profound” if Silicon Valley Bank is not bailed out, according to billionaire investor Bill Ackman. Ackman warned of an “irreversible mistake” if a...
Failed tech bank SVB held over $5B for prominent crypto VCs: Report
According to a report that began circulating on March 11 in the aftermath of the collapse of Silicon Valley Bank (SVB), prominent blockchain venture capitalists (VCs) have over $6 billion worth of ass...
Crypto whales suffer huge losses due to USDC depeg, SVB collapse
In response to the extraordinary depegging event of the USD Coin stablecoin caused by the collapse of its counterparty Silicon Valley Bank (SVB), crypto whales have reported severe losses and appear t...
Crypto Funds Confident Of USDC Recovery Amid SVB Contagion
USDC Coin Price News: The cryptocurrency market displayed signs of recovery amid concerns of liquidity issues stemming from the failure of two US banks — Silvergate and Silicon Valley Bank. But the d...
Pantera, Paradigm, Andreessen Horowitz Might Be Affected by SVB Collapse: Data
Vladislav Sopov Chinese journalist and insider Colin Wu shared some SEC data that might shed light on who is (potentially) exposed to SVB Contents From a16z to USV: Who is affected by SVB drama? Are t...
Crypto Twitter labels Senator Warren ‘tone deaf’ on crypto audits amid SVB meltdown
Ad U.S. Senator Elizabeth Warren’s latest tweet about “sham crypto audits” and holding auditors “accountable” has caused a furor among the Twitter crypto community. The community said the tweet was Wa...
SVB shut down, Powell has to decide between a new financial crisis or raising inflation target
Ad TLDR At the upcoming Federal Open Market Committee (FOMC) meeting on March 22, a 25 basis point rate hike is the favored probability. A terminal fed funds rate of 5.50% with a 25bps cut at the end ...
FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB
The FDIC said depositors would have access to their insured deposits. Silicon Valley Bank has over $209 billion in assets and $175.4 billion in total deposits. Binance CEO mocked US critics as two ban...
Senator Warren slams fake audits amid SVB collapse – Cryptopolitan
United States Senator Elizabeth Warren has hit out at the fake audits currently ongoing in the crypto market. In a statement released by Senator Warren and Wyden, the lawmakers tasked the oversight bo...
Circle’s USDC Reserves Remain Stuck at SVB, Raises Concerns Over Crypto Stability
Circle is one of the leading issuers of USDC, and the company has been on a mission to make it the preferred stablecoin in the cryptocurrency space. However, recent developments have raised concerns o...
Pro-XRP Attorney Thinks Cramer Owes Americans an Apology After Championing SVB
California state regulators closed the bank yesterday in what is now described as the second-biggest banking failure in U.S. history. Attorney John E. Deaton has suggested that CNBC Mad Money host Jim...
Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off
Circle is a Boston-based fintech company that provides payments and investment services using blockchain technology. USDC is a stablecoin issued by Circle and Coinbase, pegged to the value of the US d...
SVB closure spurs a crypto crisis: Coinbase and Binance suspend USDC conversions
Just a day after covering Silicon Valley Bank stock (NASDAQ: SIVB) 60% dip after it announced it was raising funds to cover a loss it made after selling securities at a loss, the SVB closure is causin...
USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB
The fallout from the collapse of Silicon Valley Bank spread overnight to the USDC stablecoin, which lost its peg to the U.S. dollar and dropped as low as $0.88. Following Circle’s disclosu...
After Twitter, Elon Musk To Buy Collapsed Silicon Valley Bank (SVB)? Here’s The Complete Truth
Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising. The abrupt collapse has resulted in t...
USDC Depegs Below $0.90, Circle Confirms Exposure to SVB
Crypto investors have flocked to redeem their USD Coin (USDC) holdings after its issuer Circle revealed it held $3.3 billion of its reserves at the failed Silicon Valley Bank (SVB). Concerns about USD...
PacWest (PACW) Stock Recorded 52-Week Low After SVB Crisis
PacWest Bancorp (NASDAQ:PACW) is a bank holding company that offers commercial banking services. The share price of PACW stock tumbled after the collapse of Silicon Valley Bank (SVB) on March 10th, Fr...
Stablecoins In Trouble? USDC, DAI, USDD Depeg As SVB Crisis Deepens
Crypto News: Dealing with a heavy sell off, the global digital asset market registered a broad recovery on Saturday morning. Bitcoin, Ethereum price jumped by 3% and 5%, respectively. However, the top...