Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders 3 min read accountability Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued...Read More
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank 3 min read Bail-Out US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank admin March 12, 2023 U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank...Read More
Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow 3 min read appropriately capitalized Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow admin March 12, 2023 The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late...Read More
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking 6 min read 19th century Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking admin March 12, 2023 After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize...Read More
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion 4 min read Balance Sheet ‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion admin March 11, 2023 Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal...Read More
Economist Peter Schiff Warns of US Dollar Devaluation and ‘Biggest Economic Disaster’ in History 4 min read dollar debasement Economist Peter Schiff Warns of US Dollar Devaluation and ‘Biggest Economic Disaster’ in History admin March 31, 2023 Economist Peter Schiff has warned of “the biggest economic disaster” in U.S. history. He stressed that we...Read More
Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions 3 min read Altcoins Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions admin March 30, 2023 Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its...Read More
Fed Bank President: Banking Crisis Tips US Economy Toward Recession 3 min read Banking Crisis Fed Bank President: Banking Crisis Tips US Economy Toward Recession admin March 29, 2023 The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has...Read More
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal 3 min read Acquisition UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal admin March 19, 2023 After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National...Read More
Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes 3 min read Blackrock Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes admin March 19, 2023 The CEO of Blackrock, the world’s largest asset manager, has warned about additional bank seizures and shutdowns...Read More
Africa-Focused Fintech Chipper Cash Weighs Possible Sale of Business 3 min read Chipper Cash Africa-Focused Fintech Chipper Cash Weighs Possible Sale of Business admin March 18, 2023 One of Africa’s fintech giants, Chipper Cash, is said to be weighing the possibility of selling the...Read More
‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change 4 min read Bailouts ‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change admin March 18, 2023 At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high...Read More