On Friday’s broadcast of CNN International’s “Quest Means Business,” Rep. Jim Himes (D-CT) stated that there is blame to be laid on the depositors in Silicon Valley Bank who were backstopped. Himes said, “[W]e saw irresponsibility on the part of
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks argued that the federal government wouldn’t have been so quick to act if Silicon Valley Bank (SVB) was located outside of Silicon Valley and the federal government acted so quickly
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that the federal budget has the same sort of reliance on low interest rates that Silicon Valley Bank (SVB) had and this is especially a problem since “inflation is
On Friday’s broadcast of CNN International’s “First Move,” Harvard University Economics Professor and former Chief Economist at the International Monetary Fund Ken Rogoff wondered how the San Francisco Federal Reserve didn’t know about the problems inside Silicon Valley Bank and
According to Rep. Gary Palmer (R-AL), the chairman of the House Policy Committee, a focus on the so-called woke agenda instead of the traditional duties of banks was part of what led to Silicon Valley Bank and Signature Bank’s downfall.
Bankers at the British branch of the failed Silicon Valley Bank reportedly received bonuses totalling tens of millions of pounds just days after the Bank of England stepped in to help orchestrate a rescue package deal that saw its assets bought up by HSCB for £1.
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher stated that the collapse of Silicon Valley Bank (SVB) is “connected” to and “the result of” the massive deficit spending during the coronavirus pandemic because the fact that “uncle sugar
As of March 15, the level of borrowings from the Federal Reserve’s liquidity and credit facilities had risen nearly 2,000 percent from the prior week.
The Democratic National Committee (DNC) and President Joe Biden’s presidential campaign stated they would return political donations tied to the collapsed Silicon Valley Bank on Friday, according to USA Today.
By informing the public that their money is only safe in those big banks the Democrat party favors, everyone will deposit their money in the big banks and effectively bankrupt community banks or force them to give up the ghost to the big banks.
SVB Financial Group, the former parent company of the collapsed Silicon Valley Bank, filed for 11 protection on Friday in New York bankruptcy court.
Indian technology minister Rajeev Chandrashekhar said on Thursday that Indian tech startups had over $1 billion worth of deposits in California’s Silicon Valley Bank (SVB) when the bank was shut down by regulators on March 10.
On Thursday’s “Hugh Hewitt Show,” Rep. Ro Khanna (D-CA) stated that there were some companies who had deposits in Silicon Valley Bank (SVB) that were “malpractice” and “financially irresponsible.” Khanna said SVB depositors should have been protected and some of
First Republic Bank was rescued with $30 billion worth of deposits from 11 banks after it faced a falling stock price and fleeing depositors, the Treasury, Federal Reserve, Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency said in a joint statement Thursday.
Treasury Secretary Janet Yellen told Sen. James Lankford (R-OK) during a Senate Finance Committee hearing on Thursday that Chinese depositors will be made whole while community banks will have to pay higher fees.
Sen. Mark Warner (D-VA) asked Janet Yellen about censorship of online communications to prevent a “social media internet-based bank run.”
Bloomberg News reported that the rescue talks are being orchestrated by the U.S. government.
The chances of the United States falling into a recession in the next 12 months have increased to 35 percent because of the “near-term uncertainty around the economic effects of small bank stress,” Goldman Sachs warned Thursday.
Credit Suisse announced it would borrow up to 50 billion Swiss francs from the Swiss National Bank in a move to strengthen its liquidity amid dwindling stock prices.
On Wednesday’s broadcast of NBC’s “MTP Daily,” Rep. Josh Harder (D-CA) argued that covering deposits above the $250,000 limit in the case of Silicon Valley Bank (SVB) means “the genie is out of the bottle” and the limit on deposits
On Wednesday’s broadcast of MSNBC’s “All In,” House Financial Services Committee Ranking Member Rep. Maxine Waters (D-CA) stated that while the uninsured depositors at Silicon Valley Bank deserved to be helped, maybe those “who are thinking that they got special
“I need to make some money,” former Rep. Barney Frank (D-MA) told the Financial Times while defending his role as a board member of Signature Bank, which was shut down by New York state regulators on Sunday.
Silicon Valley Bank (SVB), whose collapse last week has triggered a global banking crisis, donated over $70 million to left-wing causes.
Rep. Maxine Waters (D-CA), the ranking member on the House Financial Services Committee, said she plans to give back the campaign donations she received from the political action committee for Silicon Valley Bank.
The People’s Bank of China (PBOC), the country’s central bank, said on Wednesday that it will begin trimming back the number of high-risk financial institutions in China to avoid the risk of “bombs” like Silicon Valley Bank (SVB).
The implosion of Silicon Valley Bank (SVB) is sending shockwaves around the world, reaching all the way to Africa, where fragile tech startups are worried that more banks will fail, destroying their supply of much-needed venture capital.
The UK’s independent economic forecasting body says the country is to avoid technical recession this year and will grow in coming years.
During an appearance on FNC’s “Hannity,” “Shark Tank” panelist Kevin O’Leary blasted now-failed Silicon Valley Bank management for the institution’s demise.
On Tuesday’s broadcast of the Fox News Channel’s “Your World,” Rep. John Garamendi (D-CA) stated that the backstopping of Silicon Valley Bank’s depositors could end up being passed on to the consumers and we don’t know how big the backstopping
Former Rep. Barney Frank (D-MA) is at the center of another financial crisis — this time on the board of now-defunct Signature Bank, which was closed by New York State and taken over by federal authorities on Sunday.
Signature Bank chairman Scott Shay co-hosted a “Know Your Pronouns” company seminar last October, where employees were lectured on how to properly use pronouns such as “Ze” and “Hir.”
Several Silicon Valley Bank (SVB) board of directors have donated thousands of dollars or have direct ties to prominent Democrat politicians like Hillary Clinton, former President Barack Obama, and Rep. Nancy Pelosi (D-CA).
On Tuesday’s broadcast of CNN International’s “One World,” Harvard University Economics Professor and former International Monetary Fund Chief Economist Ken Rogoff stated that fallout like the collapse of Silicon Valley Bank (SVB) was the “inevitable” result of fiscal and monetary
The collapse of Silicon Valley Bank has triggered federal investigations by DOJ and the SEC, according to Wall Street Journal sources.
On Tuesday’s broadcast of MSNBC’s “Morning Joe,” Rep. Ro Khanna (D-CA) acknowledged that the fees for the Deposit Insurance Fund that is being used to backstop Silicon Valley Bank depositors are ultimately paid by the customers, not the banks. Khanna
Silicon Valley essentially put the cost of ordinary corporate treasury prudence onto the banking system and got rewarded for it when the government broke its own rules and agreed to back even the largest deposits at Silicon Valley Bank.
The aftershocks of Silicon Valley Bank’s (SVB) multibillion-dollar collapse reached Asia on Tuesday, as stock indexes in Japan, South Korea, and Hong Kong tumbled by more than two percent.
Sen. Jon Tester (D-MT) attended a fundraiser Monday night in California with a partner from Silicon Valley Bank’s legal firm, just days after the tech-sector-focused bank collapsed.
House Speaker Kevin McCarthy (R-CA) said during a House Republican Conference call on Monday night that President Joe Biden’s “failed” fiscal policies and rising interest rates led to the collapse of Silicon Valley Bank, according to a report.
On Tuesday’s broadcast of MSNBC’s “Chris Jansing Reports,” White House National Economic Council Deputy Director Bharat Ramamurti denied that President Joe Biden bears blame for the collapse of Silicon Valley Bank (SVB) because spending by the Biden administration lead to inflation
