A study conducted by economists found that almost 200 hundred US banks face the same risks that caused the fall of Silicon Valley Bank The Report A group of economists recently published a report titled “Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?” The report has found that 186 […]

A week after the authorities closed Silicon Valley Bank its parent company, SVB Financial Group, had no other choice but to file for bankruptcy protection. SVB Financial Group SVB Financial Group, the parent company of Silicon Valley Bank, has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of […]

Both the Securities and Exchange Commission (SEC) and the Justice Department are investigating the collapse of Silicon Valley Bank. Probes The collapse of Silicon Valley Bank (SVB) is currently under investigation by the Justice Department and the SEC. Both investigations are in their preliminary stages and may not necessarily result in charges of wrongdoing. The […]

The CEO of Circle said that they prepared for any outcome to secure the customers’ deposits. Bank Collapses The New York Department of Financial Services seized Signature Bank. Only two days later the Federal Deposit Insurance Corporation took over Silicon Valley Bank. These incidents have caused havoc in the banking industry. Large banks are under […]

The British subsidiary of the fallen bank was bought with the blessing of the British government. The UK Is Saving Its Tech Firms HSBC UK Bank plc has acquired Silicon Valley Bank UK Limited (SVB UK) for £1. The move helps HSBC in serving the fast-growing firms, particularly those in the technology and life science […]

The financial authorities shut down the Silicon Valley Bank (SVB) today. This could mark the beginning of a banking crisis. The Collapse Of Silicon Valley Bank It was clear that the bank was facing serious issues as it saw its shares fall more than 60% in a matter of days. But what brought on the […]