[ad_1] Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank to assume Silicon Valley Bank’s assets and obligations after…
Tag: Valley
When will Silicon Valley Bank depositors get their money back — and will they be made whole? Questions swirl after lender goes down
[ad_1] Over the weekend, a mix of Silicon Valley investors and California politicians called on the FDIC to make all depositors, including ones with uninsured amounts, whole. Saturday afternoon, California…
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
[ad_1] Startup-focused lender SVB Financial Group SIVB.O became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions…
US closes Silicon Valley Bank in biggest collapse since 2008
[ad_1] CUSTOMERS STRANDED Based in the shadow of the world’s biggest tech companies, SVB’s travails have raised fears that more banks may face doom as the fallout from high inflation…
Why Did Silicon Valley Bank Collapse?
[ad_1] A bid to reassure investors goes awry The failure of Silicon Valley Bank was caused by a run on the bank. The company was not, at least until clients…
UK tech industry urges Downing Street to step in over Silicon Valley Bank collapse
[ad_1] More than 200 UK-based tech company executives have urged Downing Street to intervene after the collapse of Silicon Valley Bank, which they warned poses an “existential threat to the…
Bank of London weighs rescue bid for UK arm of Silicon Valley Bank
[ad_1] The Bank of London is exploring the possibility of assembling an offer for SVB UK as start-up founders warn Jeremy Hunt that its collapse will “cripple” the British tech…
Bank of London weighs rescue bid for Silicon Valley Bank’s UK arm – Sky News
[ad_1] March 11 (Reuters) – British clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S. bank Silicon Valley Bank (SIVB.O), Sky…
After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll
[ad_1] Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank, long a linchpin of…
Silicon Valley Bank collapse could spark the next financial crash – but we cannot bail out failed bankers again
[ad_1] Depositors can’t get their money out. Payrolls might not be met next weekend. And small companies, especially in the fast growing technology industries, might soon face closure as their…