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$72B Asset Deal On First Citizens To Acquire Silicon Valley Bank
Silicon Valley Bank, which was taken over by authorities after a run on the lender, has reached an agreement to…
Silicon Valley Bank
Silicon Valley Bank was a commercial bank headquartered in Santa Clara, California. SVB was the 16th largest bank in the United States at the time of its failure in 2023 and was the largest bank by deposits in Silicon Valley. It was a subsidiary of SVB Financial Group, a bank holding company.
42 posts
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Professor Siegel Wants The Government To Insure "All Deposits Everywhere" Temporarily
Professor Jeremy Siegel provided his thoughts on the US economy, bank collapses, and the future of bitcoin's price in his…
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By Selling Mining Assets, BlockFi Raises Over $5 Million
A US bankruptcy court approved the sale of mining equipment and other tangible assets by BlockFi, a crypto asset lending…
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CFTC Commissioner Requests Crypto Regulators' Collaboration
Summer Mersinger, Commissioner of the Commodities Futures Trading Commission (CFTC), believes Congress should require the Securities and Exchange Commission (SEC)…
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Elon Musk Regards FTX Among World's Biggest Economic Failures
Elon Musk, the CEO of Tesla, offered his opinions on the continuing crisis brought on by bank collapses. This occurs…
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The Federal Reserve's Michael Barr Leads The Charge Against 'Unregulated Stablecoins'
The crypto business has endured numerous obstacles and losses in recent years, but 2023 could be even more chaotic. Michael…
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Banks Loan From Fed $165 Billion Rushing To Backstop Liquidity
In the most recent week, banks borrowed a total of $164.8 billion from two Federal Reserve backup facilities, a…
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UK Branch Of Silicon Valley Bank Offer Its Employees Incentives Worth Millions Of Pounds
The British affiliate of Silicon Valley Bank distributed between 15 and 20 million pounds in incentives to management and personnel.…
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Congress Will Look Into SVB And Signature Bank's Crypto Failures
A hearing to look into the failure of SVB and Signature Bank has been planned by the US House Financial…
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Next Wave Bailouts: Bitcoin And Precious Metals Soar Amid Fed Policy Shift Speculation
Around 7:30 a.m. EDT, the cost of a single bitcoin soared beyond the $27,000 mark to a…
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Bitcoin Fund Outflows Hit 17-Month Low, Is Bullish Run Imminent?
Around 16,560 BTC ($409 million) have been removed from Bitcoin funds this month, bringing the total to a 17-month…
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DAppRadar Reports Indicate SVB Collapse Flopped NFT Trade Volumes
A study on the aftermath of the Silicon Valley Bank failure and its effects on non-fungible token trading activity and…