[ad_1] The sudden collapse and FDIC seizure of SVB Financial Group (SIVB) on Friday may have prompted the need for this expedited Fed meeting. An emergency closed-door meeting will be…
Tag: SVB
From Santa Clara to Shoreditch, SVB fallout spreads around world
[ad_1] We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation…
Failed tech bank SVB held over $5B for prominent crypto VCs: Report
[ad_1] 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…
UK finance minister and Bank of England work to contain SVB fallout
[ad_1] LONDON, March 11 (Reuters) – Britain’s finance ministry and the Bank of England are working together to minimise the disruption that could stem from a collapse of the UK…
Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
[ad_1] Logo of Silicon Valley Bank is at a location in San Francisco, California, U.S. March 10, 2023. Staff | Reuters The U.S. cryptocurrency firm Circle’s USD Coin lost its…
SVB Shocked Markets Thursday and Delivered One of the Most Tangible Case Studies on the … – Latest Tweet by Bloomberg | LatestLY
[ad_1] (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the…
Where Were the Regulators as SVB Crashed?
[ad_1] 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,…
Crypto shaken as SVB exposure depegs key stablecoin
[ad_1] California: The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure of issuer Circle Internet Financial…
SVB Doubled Its Canada Loan Book in Year Before Collapse
[ad_1] (Bloomberg) — SVB Financial Group’s Canadian unit doubled the size of its loan portfolio last year as it sought to capitalize on the growth of the country’s technology sector,…
Circle’s stablecoin banked at SVB and guess what happened next
[ad_1] There’s no business like the stablecoin business. People lend you money expecting nothing more than to get it back, one-for-one. All you have to do is place their money…