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
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
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
Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps 3 min read baking Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps admin March 18, 2023 The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps...Read More
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply 3 min read American Banks Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply admin March 17, 2023 The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial...Read More
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming 3 min read big short investor Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming admin March 16, 2023 Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between...Read More
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks 4 min read asset-liability management Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks admin March 14, 2023 After the failure of three major U.S. banks last week, with two of them being the second...Read More
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits 3 min read ACH Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits admin March 13, 2023 Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former...Read More