Por: MarketWatch Business March 13, 2023
These were the right steps to avoid contagion, but they also reveal a fundamental problem in the U.S. banking system. Of itself, Silicon Valley Bank is a relatively minor player in the U.S. (and global) financial system. With assets and liabilities of roughly $200 billion each before its collapse, was a medium-size bank, one that also mostly catered to the world of venture capital and start-ups. It wasn’t a behemoth like the banks and... + full article
NBC News USA Business March 13, 2023
Silicon Valley Bank’s historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s concentrated customer base and an ill-timed decision to invest billions of dollars in mortgage-backed securities. But long-time clients and others... + más
SVB's tech failings were a problem long before the bank run that led to its demise, critics say | CNBC
Silicon Valley Bank Collapse Suggests 0% Reserve Requirement Won’t Halt Bank Runs | Forbes
MarketWatch USA Business March 12, 2023
SVB was the second-largest FDIC-insured bank to fail in U.S. history. Many of SVB’s clients, which included startups and venture-capital firms, raised a ton of cash during the pandemic, leading to a surge in their deposits. By the first quarter of 2020, the bank had over $60... + más
Why SVB’s Failure May Cause More Pain for Customers Than Washington Mutual’s Did | MarketWatch
All the Companies Facing Major Troubles After SVB’s Collapse | The Daily Beast
“We are concerned about depositors, and we’re focused on trying to meet their needs,” Yellen said. Silicon Valley Bank is in a unique situation among banks. Having catered to a niche group of venture capitalists and start-up founders, its deposit base was especially... + más
Silicon Valley Bank's holding company files for Chapter 11 bankruptcy protection in NY | Fox Business
The Daily Beast USA Nation March 12, 2023
As a result of , a bevy of companies have started releasing filing information, sending out calls for help, and putting holds on their company’s payroll systems. Businesses like , , and are among them.The Federal Deposit Insurance Corporation (FDIC) seized SVB’s $209 billion... + más
Why did Silicon Valley Bank collapse? Is First Republic next? Expert explains. | ABC7
Newsweek USA Nation March 12, 2023
Representative Josh Gottheimer, a New Jersey Democrat, asked Treasury Secretary Janet Yellen on Sunday to act immediately in order to prevent a run on the country's banking system amid the collapse of Silicon Valley Bank (SVB).Established in 1983, SVB became a go-to... + más
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 Jerome Powell Killed Silicon Valley Bank | Forbes
How Silicon Valley Bank got burned | Fox Business
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