Tag: Valley
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms [...]
Blame traditional finance for the collapse of Silicon Valley Bank
The entire banking concept is based on the assumption that depositors will not want to withdraw their money at the same time. But what happens when th [...]
No, ‘Wokeness’ Did Not Cause Silicon Valley Bank’s Collapse
Blaming workplace diversity or environmentally and socially conscious investments for the firm’s downfall signals a “complete lack of understanding of [...]
Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank
Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds h [...]
How Washington Decided to Rescue Silicon Valley Bank
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds qu [...]
SVB Failure Sparks UK Rush to Scrub ‘Silicon Valley’ From Budget – Forex Factory
SVB Failure Sparks UK Rush to Scrub ‘Silicon Valley’ From Budget Forex Factory
www.forexfactory.com [...]
Silicon Valley Bank was the tip of a banking iceberg
Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in store a [...]
US Fed faces internal probe over Silicon Valley Bank failure
The Federal Reserve is investigating the factors that led to the failure of Silicon Valley Bank — including how it supervised and regulated the now-co [...]
FDIC to attempt another auction of Silicon Valley Bank: Report
Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now [...]
Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.
The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.
www.nytime [...]
FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ
Grant Butler, an attorney at the K&L Gates law firm, told CoinDesk the SVB receivership is structured differently from the Signature Bank receiver [...]
U.S. Fed’s Supervision Chief Investigating What Happened with Silicon Valley Bank
Barr, a former Treasury Department official who briefly became an adviser for Ripple before returning to a government role in the Biden administration [...]
Silicon Valley Bank and Signature Bank Reignite ‘Moral Hazard’ Dilemma Bitcoin Was Designed to End
A debate from the 2008 financial crisis resurfaces as the FDIC intervenes to help two troubled institutions with crypto connections, says CoinDesk's D [...]
BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash res [...]
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding cri [...]