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Silicon Valley Bank

AI

Daily Energy Standup Episode #330 – Weekly Recap: Grid Exploitation, Banking Woes, Solar Ethics, AI Demands, OPEC-IEA Divide, and California’s Price Surge

March 16, 2024 Andy Del Prado

Daily Standup Top Stories Green-Plating™ the Grid: How Utilities Exploit the “Energy Transition” to Rake In Record Profits March 10, 2024 Stu Turley ENB Pub Note: This article is from the Energy Bad Boys Substack! I […]

Big Oil Companies

Daily Energy Standup Episode #326 – Federal Funding Boosts Nuclear, Utilities Profit, Aramco’s LNG Talks, Geoengineering Debate, and Banking Implications

March 11, 2024 Andy Del Prado

Daily Standup Top Stories Federal money could supercharge state efforts to preserve nuclear power March 10, 2024 Stu Turley In the coming years, a nuclear power plant on the shores of Lake Michigan could become the […]

Unrealized Losses
Finance

The Banks: “Unrealized Losses” in Q4, Securities Held by Banks, Bank Failures, and the Dropping Bank Count

March 10, 2024 Mariel Alumit

In 2024, some banks will fail. In 2023, five banks failed. In 1989, over 500 banks failed. Since 1936, there were only 5 years without bank failures.  By Wolf Richter for WOLF STREET. The rate-cut-mania-inspired plunge in longer-term yields […]

collapse
Finance

US banking crisis: Close to 190 banks could collapse, according to study

May 5, 2023 Mariel Alumit

With the failure of three regional banks since March, and another one teetering on the brink, will America soon see a cascade of bank failures? Bloomberg reported Wednesday that San Francisco-based PacWest Bancorp is mulling a sale. […]

Silicon
Finance

Silicon Valley Bank’s Fall Is a Passing Cloud Over Clean Energy

March 15, 2023 Mariel Alumit

Japanese and European banks have traditionally been big clean-energy lenders, too SVB made about $1.2 billion of project finance loans to U.S. renewable energy projects in 2022. The Wall Street Journal By Jinjoo Lee, March 14, […]

ESG

While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs

March 13, 2023 Mariel Alumit

A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming-out stories, as the firm raced toward collapse. Jay Ersapah, the boss of […]

Aljazeera International

US guarantees Silicon Valley Bank deposits amid bank crisis fears

March 13, 2023 Mariel Alumit

The United States government has announced it will guarantee deposits at failed Silicon Valley Bank (SVB), as financial regulators rush to alleviate fears the tech-focused lender’s collapse could set off a broader financial crisis. In […]

Bankruptcy

Record Bank Run Drained A Quarter, Or $42BN, Of SVB’s Deposits In Hours, Leaving It With Negative $1BN In Cash

March 11, 2023 Mariel Alumit

For much of the day, anyone doing analysis on the now-liquidated Silicon Valley Bank was confined to using stale financial data as of Dec. 31… we certainly were when analyzing the impact of SVB’s contagion […]

Halted
Investments

Silicon Valley Bank Trading Halted, Company Seeks Buyer, Financial Stocks Shudder

March 10, 2023 Mariel Alumit

The SVB Financial (SIVB) financial crisis deepened Friday with shares plummeting before trade was halted. CNBC reported the company sought a buyer after being unable to raise capital in a Thursday offering. However, deposit outflows […]

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