California Gov. Gavin Newsom (D) welcomed the federal government’s intervention Sunday to protect depositors at the failed Silicon Valley Bank (SVB) — but failed to mention that he has been its client.
The outlook for U.S. banks is now negative, the ratings agency said.
Warnings have emerged of a wider banking collapse, with a leading financial expert warning that Credit Suisse may be the next to fall.
Equity giants Apollo Global Management Inc. and Blackstone Inc. have reportedly stepped forward to examine a book of loans held by Silicon Valley Bank (SVB), the failed California lender seized by federal regulators last week.
On Monday’s broadcast of CBS’ “Red & Blue,” House Financial Services Committee Ranking Member Rep. Maxine Waters (D-CA) acknowledged that banks could pass the cost of backstopping the depositors of Silicon Valley Bank (SVB) on to consumers, but there isn’t evidence
On Monday’s broadcast of CBS’ “Red & Blue,” House Financial Services Committee Ranking Member Rep. Maxine Waters (D-CA) stated that she hasn’t come to any conclusions on whether regulatory rollbacks under the Trump administration caused the collapse of Silicon Valley Bank
On Monday’s “CNN Newsroom,” Deputy Assistant Secretary for Economic Policy at the Department of Treasury during the Obama administration and Brookings Institution Senior Fellow Aaron Klein stated that there were bailouts of the depositors of Silicon Valley Bank (SVB) and
Senator Elizabeth Warren (D-MA) Monday on MSNBC’s “The Rachel Maddow Show” claimed it was former President Donald Trump’s “deregulation” that needed to be rolled back to protect against more banks collapsing like Silicon Valley Bank last week.
The Federal Reserve on Monday announced plans to conduct an internal review of the oversight of Silicon Valley Bank (SVB) after the bank’s abrupt failure last week.
The Federal Deposit Insurance Corporation (FDIC) plans to try and auction off the collapsed Silicon Valley Bank (SVB) for a second time, according to the Wall Street Journal, after the first attempt failed on Sunday.
On Monday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that most of the risky behavior by Silicon Valley Bank (SVB) “was hiding in plain sight” and should have
On Monday’s broadcast of the Fox News Channel’s “Faulkner Focus,” Rep. Chip Roy (R-TX) stated that the inflation that has required the interest rate hikes that have caused the collapse of Silicon Valley Bank and issues around banking “is being
“We could be on tenterhooks all week waiting to see who else is getting taken out,” Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Sen. Tom Cotton (R-AR) said in a tweet Monday that the Biden administration refused to commit to not bailing out Chinese companies that invested in Silicon Valley Bank (SVB) with American taxpayer money.
Sen. Mark Kelly (D-AZ) asked about digital censorship of social media during a conference call regarding the collapse of Silicon Valley Bank.
Silicon Valley Bank’s (SVB) 2022 “ESG report” listed ethnic, racial, and sexual hiring quotas in pursuit of its own stated “DEI” goals.
California’s imploding Silicon Valley Bank (SVB) had a number of foreign depositors, including tech start-ups in China.
On Monday’s broadcast of CNN’s “The Lead,” Rep. Josh Gottheimer (D-NJ) pushed back on President Joe Biden blaming the rollback of some financial regulations — which Gottheimer voted for — for the Silicon Valley Bank (SVB) collapse by stating that
California Gov. Gavin Newsom (D) has yet to explain how the biggest bank failure since the 2008 financial crisis happened on his watch — with Silicon Valley Bank, a California bank, under California regulations.
There is a clear through line from the spendthrift Biden administration policies to the current crisis.
India’s small SVC Co-Operative Bank spent the weekend scrambling to reassure depositors it has no connections whatsoever to the imploding Silicon Valley Bank (SVB) of California. In addition to some confusion over their similar names, SVC executives said “social media rumors” have been spreading that linked the two banks together and claimed SVC is also trembling on the verge of collapse.
There’s no question Biden is rushing to protect his supporters in Silicon Valley while hoping enough Trump supporters in East Palestine die to give Democrats an edge in what used to be a swing state.
Breitbart Economics Editor John Carney said in an interview on Saturday on Larry Kudlow’s eponymously named radio show that a government bailout of the collapsed Silicon Valley Bank could deepen the panic.
A job posting for Silicon Valley Bank, which collapsed Friday, appeared Monday in Daybook, a jobs website for policy professionals.
President Joe Biden on Sunday took credit for creating a new lending mechanism to backstop banks after the banking meltdown over the weekend in which two banks collapsed due in part to increased interest rates meant to tamp down Biden’s soaring inflation.
Shares of First Republic fell by a record 67 percent.
The collapse of Silicon Valley Bank has resulted in finger-pointing and blame being passed around the financial tech industry. The cryptocurrency sector and the traditional tech sector are busy blaming each other over the massive failure of the tech industry’s favorite bank.
Prime Minister Benjamin Netanyahu promised he would help bail out Israeli companies harmed by the collapse of the American investment bank Silicon Valley Bank (SVB).
According to former employees and customers, Silicon Valley Bank had multiple problems — including systemic tech issues — long before the bank’s collapse.
E-commerce site Etsy has warned some sellers to expect possible delays on payments due to the sudden collapse of Silicon Valley Bank (SVB), according to multiple statements from the company.
Steps to prevent a global banking crisis after the historic failure of Silicon Valley Bank (SVB) continued Monday, with governments in the UK, France, and Israel joining the U.S. to reassure institutions exposed to the fallout.
JERUSALEM — Israeli Prime Minister Benjamin Netanyahu said Sunday that the government would assess the effect of Silicon Valley Bank’s collapse on Israeli companies and determine whether or not to assist them.
Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank which collapsed in the wake of the Silicon Valley Bank (SVB) implosion.
Before joining the Silicon Valley Bank as the Chief Administrative Officer (CAO) in 2007, Joseph Gentile served as the Chief Financial Officer (CFO) at Lehman Brothers’ Global Investment Bank before the public collapse in 2008.
President Joe Biden spent the weekend tweeting about the American Rescue Plan — his $1.9 trillion spending plan that many economists blame for triggering the inflation that has led, in part, to the current banking crisis.
Silicon Valley Bank reportedly had no chief risk officer (CRO) for nine months before Friday’s collapse, as the United Kingdom-based head of risk for Europe, the Middle East, and Africa appeared to have focused on pro-diversity initiatives over her actual role.
The U.S. government on Sunday sought to affirm confidence in the U.S. banking system by announcing protection for all depositors in Silicon Valley Bank. Treasury Secretary Janet Yellen approved measures to resolve the failure of Silicon Valley Bank “in a
Silicon Valley venture capitalists are screaming for a bail out in response to the recent sudden collapse of Silicon Valley Bank — the second-largest bank failure in history, behind the collapse of Washington Mutual at the height of the 2008 financial crisis.
“We are concerned about depositors and are focused on trying to meet their needs,” Yellen said.
Home Depot founder Bernie Marcus said Friday on FNC’s “You World” that Americans to “wake up” after woke Silicon Valley Bank collapsed because they were “more concerned about global warming than they do about shareholder return.”
