Por: Portland Press Herald World March 11, 2023
A person from inside, middle rear, talks to people waiting outside an entrance to Silicon Valley Bank in Santa Clara, Calif., on Friday. Jeff Chiu/Associated Press NEW YORK — The U.S. rushed to seize the assets of Silicon Valley Bank on Friday after it experienced a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago. Silicon Valley, the... + full article
MarketWatch USA Business March 12, 2023
As clients seek to recoup money saved at the bank, the FDIC must wrestle with the second-largest bank failure by assets in its history—and the largest since the 2008-2009 financial crisis. Will companies and individuals get their deposits back in whole? It depends on where... + más
SVB Is Now In the Hands of FDIC. Here’s How the Agency Works. | MarketWatch
Why SVB’s Failure May Cause More Pain for Customers Than Washington Mutual’s Did | MarketWatch
Forbes USA Business March 11, 2023
Aug 7, 2019 Santa Clara / CA / USA - Silicon Valley Bank headquarters and branch; Silicon Valley ... [+] Bank, a subsidiary of SVB Financial Group, is a U.S.-based high-tech commercial bankgetty Silicon Valley Bank appears to be in the midst of the first run on a U.S. bank since... + más
What the FDIC does when a bank fails | CBS News
The FDIC and your bank deposits: What to know | Fox Business
Fox Business USA Business March 11, 2023
Silicon Valley Bank customers were seen outside a Menlo Park, California location, Friday, after the Federal Deposit Insurance Corporation seized its assets. (Cointelegraph) Customers were seen lined up in Menlo Park, California, on Friday after the Federal Deposit Insurance... + más
How Jerome Powell Killed Silicon Valley Bank | Forbes
Why Deposit Insurance Didn’t Help Silicon Valley Bank | Forbes
MarketWatch USA Business March 11, 2023
The FDIC is a U.S. government corporation that insures money deposited in commercial banks and savings banks. The bank’s parent group, SVB Financial Group lost a record 60% of its value on Thursday, after reporting losses of $1.8 billion from securities sales, cutting its... + más
Do retirees need life insurance? | CBS News
CNBC USA Tech March 11, 2023
watch nowVIDEO2:4202:42Silicon Valley Bank meltdown: Here's how it happened in real-timeFinancial regulators have closed and taken control of its deposits, the Federal Deposit Insurance Corp. Friday, in what is the largest U.S. bank failure since the global financial crisis... + más
How Silicon Valley Bank got burned | Fox Business
The Hill USA Business November 07, 2022
The Federal Deposit Insurance Corporation (FDIC) has neutered its system of independent review for the material supervisory decisions it makes concerning banks’ activities. That is a problem. Why? Because the FDIC is, perhaps surprisingly, one of the more powerful agencies in... + más
Regulators approve U.S. Bank's $8B purchase of Union Bank | ABC News
Regulators approve U.S. Bank's $8B purchase of Union Bank | WPLG Local 10
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