Silicon Valley Bank

California Gov. Gavin Newsom failed to publicly disclose his SVB ties while lobbying for a bailout

Tue, 03/14/2023 - 15:02

Tech Insider : Politics, Technology

politics, finance, Banking, Technology, Gavin Newsom, SVB, Silicon Valley Bank

Billionaire investor Ray Dalio says the Silicon Valley Bank failure marks a 'canary in the coal mine' that will have repercussions beyond the VC world

Tue, 03/14/2023 - 15:01

Tech Insider

Ray Dalio on the Forum stage during day two of Web Summit 2018. — Ray Dalio.
Eoin Noonan/Web Summit via Getty Images

Markets, MI Exclusive, Ray Dalio, Silicon Valley Bank, bank failure, debt cycle, Debt

First Republic leads a comeback for bank stocks that cratered in the SVB-fueled selloff

Tue, 03/14/2023 - 08:02

Tech Insider

First Republic Bank — First Republic led bank stocks' comeback Tuesday as investors started to look past the SVB crisis.
Michael Brochstein/SOPA Images/LightRocket via Getty Images

Markets, MI Exclusive, Stocks, First Republic, Western Alliance Bancorp, SVB, SVB collapse

Warren Buffett has likely seen $8 billion wiped off the value of his financial stocks in 3 days, as SVB's collapse rattles the banking sector

Tue, 03/14/2023 - 07:35

Tech Insider

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Banking, Bank stocks

Citadel boss Ken Griffin thinks SVB's rescue package shows US capitalism 'breaking down before our eyes'

Tue, 03/14/2023 - 07:19

Tech Insider

FILE PHOTO: 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. REUTERS/Mike Blake — Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California
Reuters

Markets, MI Exclusive, Ken Griffin, Citadel, Capitalism, US Economy and Markets, SVB

The unintended consequences of remote work

Tue, 03/14/2023 - 06:45

Tech Insider

It's Tuesday, readers. I'm Paayal Zaveri, a senior reporter for Insider's tech analysis team, filling in for my colleague Diamond Naga Siu.

Yesterday marked three years since the US government declared a national emergency around the COVID-19 outbreak. To say time flies is an understatement — our lives have changed so much over the last three years.

Take, for example, remote work.

While remote work offers flexibility, it often comes at the cost of maintaining a work-life balance. Don't fret, though. There are solutions underway.

Good morning. I'm senior reporter Phil Rosen.

As regional bank stocks tanked yesterday, contagion remains top of mind, and commentators are warning of more risks to the financial sector.

Markets, Newsletter, 10 things, 10 things opening bell, Silicon Valley Bank, Silvergate Bank, Signature Bank

Read the letter Silicon Valley Bank's new CEO sent to the bank's clients, addressing the bank's collapse and saying it's 'business as usual'

Tue, 03/14/2023 - 04:55

Tech Insider