Silicon Valley Bank to cut 500 jobs, says new owner: Report

HSBC strikes over a billion dollars in profit from Silicon Valley Bank's collapse

Federal Reserve admits fault, blames Silicon Valley Bank executives for collapse, calls for stricter rules

UK digital banks need support post SVB collapse, says trade body

Explained | The current banking crisis in the US and Europe

To prevent SVB-like failures, Biden calls for revival of banking regulations weakened under Trump

Michael Barr, the vice chair for supervision at the Fed planned to inform lawmakers that mismanagement and a sudden fear among depositors were to blame for Silicon Valley Bank's implosion. Barr, describes how the SVB leadership failed to adequately manage interest rate and liquidity risk in prepared testimony made public on Monday. In his statement before the Senate Banking Committee, Barr claims that SVB's demise is "a textbook illustration of mismanagement."

Our regulatory system failed: Fed vice chairperson on Silicon Valley collapse

An investigation into Silicon Valley Bank's (SVB) failure has been started by the Office of Inspector General (OIG) of the US Federal Reserve, an OIG representative announced on Tuesday. According to a top Federal Reserve official, the failure of Silicon Valley Bank (SVB) was a classic case of mismanagement that calls for more banking supervision.

US Federal Reserve watchdog launches probe of Silicon Valley Bank supervision

According to a top Federal Reserve official, the failure of Silicon Valley Bank (SVB) was a classic case of mismanagement that calls for more banking supervision. In statements made public before of a Senate hearing on Tuesday, Michael Barr, the Fed's vice chair for supervision, stated that "SVB collapsed because the bank's management did not adequately manage its interest rate and liquidity risk."

Silicon Valley Bank collapse: Textbook case of mismanagement

Silicon Valley Bank sold to First Citizens Bank

First Citizens BancShares Inc. was in advanced negotiations to buy Silicon Valley Bank (SVB). The Federal Deposit Insurance Corp (FDIC) may soon sell Silicon Valley Bank to First Citizens, according to Bloomberg News, which broke the news first. One of the main buyers of bankrupt American lenders is the firm.

First Citizens in advanced talk to BUY COLLAPSED Silicon Valley Bank

Explained | How Silicon Valley Bank crisis unfolded in 48 hours

Explained | Silicon Valley Bank crisis: Did US central bank miss headwinds?

US Treasury Secretary Janet Yellen has said that banks across the America are worried about contagion and have been shoring up liquidity to protect themselves from runs after the failures of Silicon Valley Bank and Signature Bank.

Asian markets fall on Janet Yellen's remark

Leading US lenders ask employees not to poach clients of embattled banks: Report

Lawyers for the part of Silicon Valley Bank that has been put into bankruptcy protection accused US bank regulators of having drained roughly $2bn of cash from the institution, setting the stage for a fight that will decide how much investors, including Appaloosa and Pimco, recoup in the restructuring.

SVB's financial bankruptcy leads to cash seizure conflict

SVB Financial Group has filed for a court-supervised reorganisation under Chapter 11 bankruptcy protection to seek buyers for its assets, a week after its former division Silicon Valley Bank was taken over by US regulators.

Silicon Valley Bank's bankruptcy faces challenges

The term “great financial crisis” was penned more than a decade ago during the collapse of Lehman Brothers in 2007-08. The stringent regulatory norms in India has ensured that the banking system in India is not exposed to such risks.

How India evaded the Banking Crisis

Latin finance ministers hold meeting in Panama amid banking crisis

The US-based Silicon Valley Bank was known for funding technology startups around the world and its meltdown has left tech entrepreneurs worried. Even several Indian startups are affected by this crisis. We get you more details in this story.

India startups have deposits worth $1 bn in SVB | Tech It Out

UBS in talks to acquire all or part of Credit Suisse: Report

SVB Financial, parent firm of Silicon Valley Bank, files for bankruptcy protection

The collapse of silicon valley bank last week raised questions about what else might be lurking in the wider system. Within days, the market turmoil ensnared swiss lender Credit Suisse, forcing it to borrow up to $54 billion from Switzerland's central bank. Now, large U.S. Banks have injected $30 billion in deposits into first republic bank. The lender is caught up in a widening crisis, triggered by the collapse of 2 other mid-size U.S. Lenders over the past week. Analysts say investors are fretting about potential runs on global bank deposits, with contagion talk sweeping across trading floors. Yesterday, while swiss giant Credit Suisse announced borrowing to shore up liquidity, the spotlight shifted back to the U.S. The shares of first republic, a regional lender, had tumbled 70% in the last nine trading sessions. Some of the biggest U.S. Banking names including, JPMorgan chase, Citigroup, Bank of America, wells Fargo, Goldman Sachs & Morgan Stanley are involved in the rescue

Banking giants swoop in to rescue First Republic Bank; Contagion talk sweeping across trading floors

The collapse of silicon valley bank last week raised questions about what else might be lurking in the wider system. Within days, the market turmoil ensnared Swiss lender Credit Suisse, forcing it to borrow up to $54 billion from Switzerland's central bank. Now, large U.S. Banks have injected $30 billion in deposits into first republic bank. The lender is caught up in a widening crisis, triggered by the collapse of 2 other mid-size U.S. Lenders over the past week. Analysts say investors are fretting about potential runs on global bank deposits, with contagion talk sweeping across trading floors. Yesterday, while Swiss giant Credit Suisse announced borrowing to shore up liquidity, the spotlight shifted back to the U.S. The shares of first republic, a regional lender, had tumbled 70% in the last nine trading sessions. Some of the biggest U.S. Banking names including, JPMorgan chase, Citigroup, Bank of America, wells Fargo, Goldman Sachs & Morgan Stanley are involved in the rescue.

Silicon Valley Bank & Signature Bank Rattle Global Markets: What You Need to Know

silicon-valley-bank

Silicon Valley Bank, News on Silicon Valley Bank, stories on Silicon Valley Bank, articles on Silicon Valley Bank, Silicon Valley Bank stories at Wion, Silicon Valley Bank news, Silicon Valley Bank latest news

silicon valley-bank