A tumultuous week in the U.S. financial markets ended on an uncertain note Friday after a massive $30 billion injection of big-bank deposits into First Republic Bank failed to calm investors. Last week, the sudden meltdown of three U.S. banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began to rekindle concerns … Read more
SVB Securities and SVB Capital’s Funds and General Partner Entities NOT Included in Chapter 11 Filing Strategic Alternatives Process for SVB Capital and SVB Securities Operations Underway with Significant Interest SANTA CLARA, Calif., March 17, 2023 /PRNewswire/ — SVB Financial Group (“the Company”) (NASDAQ: SIVB) today announced that it has filed a voluntary petition for … Read more
Tim Mayopoulos attend the Bilt Rewards Launch Party at Equinox Hotel New York at Hudson Yards on June 22, 2021 in New York City. Sean Zanni | Patrick Mcmullan | Getty Images Three days into his tenure as Silicon Valley Bank’s government-appointed CEO, Tim Mayopoulos has a message for his high-powered venture capital and startup … Read more
Bitcoin is up 50% this year despite the collapse of major crypto-focused banks, beating major stock indexes and commodities. On Jan. 1, bitcoin began trading at just over $16,500. On Wednesday, it was hovering around the $25,000 mark, thanks to a rally that began on Sunday. The recent rise has come as somewhat of a … Read more
2 Mins Ago Credit Suisse shares tumble ADR shares of Swiss lender Credit Suisse tumbled 21% in premarket trading. Saudi National Bank said it could not provide more funding, Reuters reported. “We cannot because we would go above 10%. It’s a regulatory issue,” Saudi National Bank Chairman Ammar Al Khudairy told Reuters Wednesday. The troubled … Read more