janetyellen

Silicon Valley Bank's New CEO to Clients: 'We Are Conducting Business as Usual'

Tue, 03/14/2023 - 09:50

In the wake of the second largest bank failure in U.S. history, the failure in question, Silicon Valley Bank, has some comforting words amongst the turmoil. Clients of the bank received an email last night from SVB’s new CEO Tim Mayopoulos stating that everything is fine.

siliconvalleybank, janetyellen, bankregulationintheunitedstates, twitter, economy, bankfailure, financialservices

U.S. Government Saves Tech's Favorite Bank

Mon, 03/13/2023 - 08:01

Gizmodo : Economy

The U.S. government swooped in on Sunday to save the tech industry’s favorite bank, announcing that it would ensure all depositors in Silicon Valley Bank had full access to their money by Monday. Silicon Valley Bank is the second-largest bank to fail in U.S. history.

Bank, money, business2cfinance, bankregulationintheunitedstates, gregbecker, depositinsurance, economy

When It's Time to Ban Crypto, According to the IMF

Mon, 02/27/2023 - 10:15

Gizmodo : Economy

The world needs a new crypto crackdown, or else there’s the nuclear option—at least according to one of the world’s biggest financial bodies. Kristalina Georgieva, the Managing Director of the International Monetary Fund, shared the inter-country agency has suggested that countries should consider outright bans of…

money, janetyellen, business2cfinance, fixedexchangeratesystem, unitednationseconomicandsocialcouncil, joebiden, foreignexchangemarket

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