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Silicon Valley Bank’s collapse is hitting financial hubs around the globe
Quartz via Yahoo! Philippines News· 1 year agoThe UK Treasury announced today (March 13) that HSBC bought the UK arm of SVB for just £1 ($1.21) as...
Silicon Valley Bank’s crash is providing valuable lessons all over the world
TechCrunch via Yahoo! Philippines News· 1 year agoThe latest being that SVB Financial filed for Chapter 11. This week, some of my colleagues took a...
Roku Says $487 Million of Its Cash, or 26%, Was Held in Failed Silicon Valley Bank
Variety via Yahoo! Philippines News· 1 year agoAbout one-fourth of Roku’s cash and equivalents — nearly half a billion dollars — has been held in...
Silicon Valley Bank is the second-largest US bank failure in history
Quartz via Yahoo! Philippines News· 1 year agoThe closure of Silicon Valley Bank (SVB) today marked the second-largest US bank failure in history....
Silicon Valley Bank is the first FDIC-insured bank to fail in 2023
Quartz via Yahoo! Philippines News· 1 year agoSilicon Valley Bank (SVB) was shut down on March 10 by California’s state banking regulator and put...
What the Silicon Valley Bank fallout could mean for the next Fed rate hike
Quartz via Yahoo! Philippines News· 1 year agoAs recently as last week, Federal Reserve chair Jerome Powell signaled the central bank is prepared...
Silicon Valley Bank helped finance China's innovation economy. What happens next?
Quartz via Yahoo! Philippines News· 1 year agoBefore it became infamous for the weaknesses on its balance sheet, Silicon Valley Bank (SVB) was...
The Fed's report on Silicon Valley Bank is out, and it blames everyone
Quartz via Yahoo! Philippines News· 1 year agoThe Federal Reserve’s internal review of the collapse of Silicon Valley Bank points the blame at...
First Citizens Bank will nearly double its assets by buying Silicon Valley Bank
Quartz via Yahoo! Philippines News· 1 year agoPaying a visit. A buyer is scooping up parts of Silicon Valley Bank, whose collapse earlier this...
TC+ roundup: Silicon Valley Bank fails, fintech VC survey, B2B growth tools
TechCrunch via Yahoo! Philippines News· 1 year agoTo protect SVB’s former customers, who have around $175 billion in deposits, the Federal Deposit...