Ben Kaufman doesn’t want you to forget the fear that he felt on March 10, 2023. That’s when the founder and CEO of CAMP, a national retail chain of “family experience” stores, was shocked to learn tha...
Tag: SVBs
SVB’s failure will have a ripple effect across technology for years
Silicon Valley Bank’s collapse could have ramifications for the technology landscape over the coming years, analysts and investors said. Nikolas Liepins | Anadolu Agency | Getty Images Silicon V...
Shark Tank’s Kevin O’Leary blasts SVB’s ‘idiot management’ and ‘negligent directors’ over collapse
Shark Tank‘s Kevin O’Leary has made a career of calling out businesses on their weaknesses, and now bosses at the collapsed Silicon Valley Bank have, unsurprisingly, caught the self-procla...
SVB’s new CEO urges clients to ‘help us rebuild our deposit base’
A view of Silicon Valley Bank headquarters in Santa Clara, CA, after the federal government intervened upon the bankâs collapse, on March 13, 2023. Nikolas Liepins | Anadolu Agency | Getty Images SVB...
3 Regional Bank Stocks to Buy After SVB’s Collapse
The failure of Silicon Valley Bank (SIVB) has sent shockwaves through the U.S. banking industry, particularly affecting smaller banks. The SPDR S&P Regional Banking ETF (KRE) has declined over 20%...
First Republic Bank (FRC) Losses Over 60% in Shares as Investors Worry Over Financial Strength Following SVB’s Collapse
Shares of First Republic Bank (FRC) have been in the red for the past year, shedding more than 48% in the last twelve months. The shares of American foreign exchange company First Republic Bank (NYSE:...
Regulators Launch Drastic Rescue Plan Post SVB’s Collapse, But Will It Be Enough?
Depositors of Silicon Valley Bank (SVB) can breathe a sigh of relief as the Federal Deposit Insurance Corporation (FDIC) confirmed the successful transfer of deposits to a new bridge bank. The transfe...
Oil Declines as SVB’s Collapse Reverberates Through Markets
(Bloomberg) — Oil fell as the fallout from the collapse of Silicon Valley Bank — the worst since the 2008 financial crisis — rippled across markets. Most Read from Bloomberg US authorities are r...
HSBC Rescues SVB’s U.K. Arm As Bank Collapse Fallout Spreads Beyond U.S.
Topline HSBC on Monday announced it was acquiring the U.K. arm of failed Silicon Valley Bank (SVB), throwing a much needed lifeline to the country’s tech and life sciences sectors and ending a frenzie...
The Fed’s near-zero interest rate experiment was destined to have unintended consequences. Backstopping SVB’s collapse is just the first one
Good morning. Well, that was fast. The U.S. government yesterday effectively eliminated the cap on Federal Deposit Insurance, telling depositors at Silicon Valley Bank and at another failed bank—Signa...
Here Are the Biggest Asian Companies Caught in SVB’s Fallout
(Bloomberg) — Some Asian technology firms have disclosed cash deposits at troubled US lender Silicon Valley Bank, known for its deep ties with the sector, with most emphasizing the amounts were ...
Signature Bank Closed by New York Regulators in SVB’s Wake
(Bloomberg) — Signature Bank was closed by New York state financial regulators on Sunday as the fallout from last week’s implosion of SVB Financial Group’s Silicon Valley Bank spreads to other l...
SVB’s New Owner, the FDIC, Gives Workers 45 Days of Employment
(Bloomberg) — The Federal Deposit Insurance Corporation added a few new employees to its payroll late Friday, taking on workers from shuttered SVB Financial Group, at least for a few weeks, as i...
“The government has about 48 hours to fix a-soon-to-be-irreversible mistake”: Bill Ackman warns some businesses may not be able to meet payroll after SVB’s failure
“The government has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowingSVB Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is ...
SVB’s Stranded Deposits Spread the Pain From Tech to Napa Valley
(Bloomberg) — The ripple effects of one of the biggest US bank runs in over a decade are reaching a wide variety of businesses, as companies from startups to vineyard owners raise alarms. Most R...
SVB’s Balance-Sheet Time Bomb Was ‘Sitting in Plain Sight,’ Short Seller Says
(Bloomberg) — The problems that triggered SVB Financial Group Inc.’s death spiral were hiding in plain sight in the firm’s earnings reports. Most Read from Bloomberg That’s according to short se...
Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy
(Bloomberg) — SVB Financial Group’s record plunge on Thursday minted short sellers roughly half a billion dollars in paper profits. But they now face a challenge: how to close their positions. M...