US TREASURY Secretary Janet Yellen on Sunday (Mar 12) said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank (SVB) and protect depositors, but a major bailout was not being considered.
THE fallout from the collapse of Silicon Valley Bank is beginning to spread around the world.
CRYPTO’S second-largest stablecoin rebounded toward its intended US$1 dollar peg as issuer Circle Internet Financial pledged to cover any shortfall in US$3.3 billion of reverses held at collapsed Silicon Valley Bank.
CRYPTO’S second-largest stablecoin rebounded towards its intended US$1 dollar peg, as issuer Circle Internet Financial pledged to cover any shortfall in US$3.3 billion of reverses held at collapsed Silicon Valley Bank (SVB).
THE surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.
SILICON Valley Bank (SVB) chief executive officer Greg Becker sold US$3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failure.
SILICON Valley Bank Financial Group’s (SVB) UK unit is likely to be declared insolvent after the collapse in the US of the Silicon Valley Bank parent.
REGULATORS have long warned that the end of rock-bottom interest rates could cause sudden crises in unexpected corners of global finance.
STARTUP-FOCUSED lender SVB Financial Group is looking to sell itself after an attempt to raise capital through a stock sale failed, CNBC reported on Friday (Mar 10).
SVB Financial Group’s was exploring options, including a sale, after its efforts to raise capital through a stock sale failed, sources familiar with the matter said on Friday (Mar 10), as a crisis at the tech-heavy lender rippled through global markets and hit banking stocks.












