Buy the dip in banks as the Silicon Valley Bank crisis is unlikely to spread, Goldman Sachs says

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Silicon Valley Bank
Silicon Valley Bank

Rafael Henrique/SOPA Images/LightRocket via Getty Images

Roku discloses it has $487 million in deposits at failed Silicon Valley Bank. That’s 26% of its cash.

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The Roku TV lineup pictured in various sizes.
Roku disclosed that it held 26% of its cash at SVB which was largely uninsured.

Roku

First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008

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Trader at NYSE
A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022.

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Silicon Valley Bank is a particularly scary failure. Here's why.

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A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

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Larry Summers says Silicon Valley Bank doesn't present systemic risk as long as it's handled reasonably

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larry summers
Larry Summers

Hyungwon Kang/Reuters

A $15 billion VC firm warned its startups of Silicon Valley Bank's red flags months ago and they withdrew $1 billion ahead of the turmoil

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SVB
UKRAINE - 2021/04/09: In this photo illustration the Silicon Valley Bank (SVB) logo is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Citadel boss Ken Griffin made $4.1 billion last year, the most of any hedge fund manager in history

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Ken Griffin
Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019.

Mike Blake/Reuters

Swiss Bank UBS gave its CEO an 11% pay hike in 2022, but it cut employees' bonus pool by 10%

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UBS CEO Ralph Hamers of Swiss bank UBS addresses a news conference in Zurich, Switzerland February 20, 2020.
UBS CEO Ralph Hamers received a pay hike for 2022.

REUTERS/Arnd Wiegmann

Some traders say ChatGPT gives them out-of-date information and they waste time fact-checking

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Traders

(Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

Prosecutors say Sam Bankman-Fried helped create a new company with no employees to get round FTX being rejected for a bank account in California

Tech Insider : Crypto
FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Thursday, Feb. 16
Sam Bankman-Fried.

AP Photo/Seth Wenig

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