The Federal Reserve is facing criticism over Silicon Valley Bank’s collapse, with lawmakers and financial regulation experts asking why the regulator failed to catch and stop seemingly obvious risks. That…
Tag: SVB
‘I am personally sticking with SVB.’ Prominent tech figures pledge support for bank
CNN — After a rollercoaster week for Silicon Valley Bank’s customers, some prominent voices in the tech world are now publicly saying they will keep their money with the embattled…
SVB collapse was driven by ‘the first Twitter-fueled bank run’
New York CNN — The massive amount of customer withdrawals that led to the collapse of Silicon Valley Bank had all the hallmarks of an old-fashioned bank run, but with…
SVB collapse: Biden vows to hold those responsible for Silicon Valley Bank failure ‘fully accountable’
Washington CNN — President Joe Biden said Sunday that at his direction US Treasury Secretary Janet Yellen and his top economic adviser Lael Brainard worked with financial regulators to ensure…
SVB News Updates: Biden Assures That Banking System Is Safe
Federal regulators announced on Sunday that another bank had been closed and that the government would ensure that all depositors of Silicon Valley Bank — which failed Friday — would…
HSBC to Buy SVB UK, Silicon Valley Bank’s British Subsidiary
Silicon Valley Bank’s British subsidiary will be acquired by the banking giant HSBC, the Bank of England announced on Monday as it emphasized the stability of the nation’s banking system.…