silicon valley bank

The Week That Americans Watched a Bank Run in Real Time

The Week That Americans Watched a Bank Run in Real Time
The Week That Americans Watched a Bank Run in Real Time
March 18, 2023  |  Banking

Back in 1960s through the 1980s, there was a TV show titled “That Was the Week that Was.” The program was, largely, political satire. But...

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FDIC Reportedly Sweetening the Deal for Failed Banks
FDIC Reportedly Sweetening the Deal for Failed Banks
March 17, 2023  |  Bank Regulation

Federal regulators are reportedly sweetening the deal for two failed banks. The Federal Deposit Insurance Corporation (FDIC) is open to negotiating sharing losses if that...

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SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
March 17, 2023  |  Legal & Regulation

This tumultuous week began and ended the same: with Silicon Valley Bank still for sale.  Only now, the lender’s former parent company, SVB Financial Group, has officially filed...

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SVB Collapse Has Companies Reviewing Financing, Cash Management Strategies
SVB Collapse Has Companies Reviewing Financing, Cash Management Strategies
March 17, 2023  |  CFO

Silicon Valley Bank’s (SVB) failure killed the argument that midsize banks pose no systemic risk.  Chief Financial Officers and corporate treasurers have gotten the message, and company...

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SVB Financial Group Files for Bankruptcy to ‘Preserve Value’
SVB Financial Group Files for Bankruptcy to ‘Preserve Value’
March 17, 2023  |  Banking

SVB Financial Group — the former parent company of Silicon Valley Bank — has filed for bankruptcy. The Chapter 11 filing does not include SVB...

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Yellen Says Community Banks Probably Won’t Get SVB Treatment
Yellen Says Community Banks Probably Won’t Get SVB Treatment
March 16, 2023  |  Banking

Treasury Secretary Janet Yellen isn’t playing favorites, just protecting the U.S. banking system. She told lawmakers Thursday (March 16) that “Americans can feel confident that...

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Banking Crisis Contagion Spreads to Crypto
Banking Crisis Contagion Spreads to Crypto
March 16, 2023  |  Cryptocurrency

Crypto has gone off the rails – quite literally.  Just not in the way industry observers and critics may have first thought or expected. Rather,...

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SVB’s Failure Could Doom Affordable Housing Projects
SVB’s Failure Could Doom Affordable Housing Projects
March 16, 2023  |  Banking

Silicon Valley Bank’s collapse could have grim implications for Bay Area affordable housing projects. While the bank was known for funding tech startups, it also...

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