Finance
THE END OF THE SILICON VALLEY DREAM
It is difficult, given what Silicon Valley has become, to convey exactly what it was like in the 1970s and ‘80s. It was a remarkable center of technology, but also the embodiment of the spirit […]
SVB
Bankruptcy
More Bank Failures If Congress & Biden Can’t Cut A Debt Deal.
Silicon Valley Bank customers listen as FDIC representatives, left, speak with them before the … [+] opening of a branch SVBs headquarters in Santa Clara, California, on March 13, 2023. (Photo by NOAH BERGER / AFP) (Photo […]
Bankruptcy
Despite a buyer for SVB, default stress haunts banks
Finding a buyer for Silicon Valley Bank’s deposits and loans has helped afford an uneasy calm to fragile markets on Monday, which have been roiled by worries of a credit crunch and systemic bank stress. […]
Financial Crisis
Report: Nearly Half of ‘Climate Change’ Companies in U.S. Banked with Failed SVB
Half of the companies in the U.S. devoted to climate change and biotech banked with the now-failed Silicon Valley Bank (SVB), leaving many of those companies looking for financial backers willing to take on the […]
Finance
Credit Suisse and SVB: Is global banking in crisis?
Global banking has been in turmoil over the last two weeks following a series of stunning bank collapses in Europe and the United States. Despite a series of rescue packages for troubled lenders and the […]
Finance
“US Banking Will Be Forever Changed”
By Eric Peters, CIO of One River Asset Management “What is our total exposure?” I had asked our COO as the Silicon Valley Bank run was intensifying, two Thursdays ago. All our client money is […]
Aljazeera International
US banking giants pledge $30bn to prop up First Republic Bank
The largest banks in the United States have moved to shore up First Republic Bank in an effort to ease fears that the regional lender could be the next domino to fall after the second-largest […]
Bankruptcy
Timeline: How US gov’t scrambled as Silicon Valley Bank collapsed
The United States government launched emergency measures at the weekend to shore up confidence in the banking system after the failure of Silicon Valley Bank (SVB), the largest bank collapse since the 2008 financial crisis. […]
Finance
Kevin O’Leary Says Avoid Bank Stocks and Buy Energy Instead. Here Are 2 Names to Consider
In the wake of multiple bank collapses over the past week, many banking stocks’ valuations have fallen sharply and are trading at deep discounts right now. One investor, however, that definitely won’t be looking for […]
Finance
Silicon Valley Bank’s Fall Is a Passing Cloud Over Clean Energy
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, […]