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I'm an associate at SVB. I love the culture of this company, but I'm livid at the failures of management.

Thu, 03/23/2023 - 05:04

Tech Insider

People walk in the rain with an umbrella outside Silicon Valley Bank — "If this was a shitty place to work, maybe I wouldn't feel so strongly. But we had a good thing going," a Silicon Valley Bank employee told Insider.
Justin Sullivan/Getty Images

finance, Tech Insider, Nordic, News, Silicon Valley Bank, Silicon Valley Bank collapse, bank runs

Bank chaos has altered the fight against inflation — but the Fed says every tool is still on the table

Wed, 03/22/2023 - 16:42

Tech Insider : Economy, Politics

Federal Reserve Chair Jerome Powell — Federal Reserve Board Chairman Jerome Powell.
Alex Wong/Getty Images

economy, politics, Policy, Jerome Powell, Federal Reserve, Interest Rates, Silicon Valley Bank

The Fed's latest move confirms it's trying to thread the needle between cooling inflation and helping banks in turmoil

Wed, 03/22/2023 - 14:01

Tech Insider : Economy, Politics

Federal Reserve Chair Jerome Powell Testifies Before The Senate Banking Committee — Federal Reserve Board Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on "The Semiannual Monetary Policy Report to the Congress," in the Hart Senate Office Building on Capitol Hill on Tuesday, March 7, 2023 in Washington, DC.
Kent Nishimura / Los Angeles Times via Getty Images

economy, politics, Markets, Policy, Federal Reserve, Interest Rates, interest rate increase

Former Goldman Sachs CEO Lloyd Blankfein says the latest crisis not like 2008 as the banking system is in much better shape

Wed, 03/22/2023 - 13:15

Tech Insider

Lloyd Blankfein — Former Goldman Sachs CEO, Lloyd Blankfein
Brendan McDermid/Reuters

Markets, MI Exclusive, Lloyd Blankfein, Goldman Sachs, Silicon Valley Bank, SVB, 2008 Financial Crisis

Bill Ackman warns the banking crisis may engulf the economy, and says Jamie Dimon is his pick for US president. Here are the investor's 10 best quotes from a new interview.

Wed, 03/22/2023 - 12:30

Tech Insider

Ackman, Bill Ackman — Bill Ackman.
Brian Snyder/Reuters

Markets, MI Exclusive, Stocks, Bill Ackman, Pershing Square, Hedge Funds, Billionaires

A bipartisan pair of lawmakers just launched an effort to crack down on the Fed following Silicon Valley Bank's collapse

Wed, 03/22/2023 - 12:16

Tech Insider : Economy, Politics

From left, Energy Secretary Rick Perry Sens. Rick Scott, R-Fla., and Elizabeth Warren, D-Mass, talk before Senate Armed Committee confirmation hearing titled — From left, Energy Secretary Rick Perry Sens.

economy, politics, Policy, SVB, SVB collapse, Silicon Valley Bank, Silicon Valley Bank collapse

Silicon Valley Bank insiders borrowed a record $219 million from the lender as its troubles built

Wed, 03/22/2023 - 11:49

Tech Insider

SVB — Silicon Valley Bank
Nikolas Liepins/Anadolu Agency via Getty Images

Markets, MI Exclusive, Silicon Valley Bank, Silicon Valley Bank collapse, SVB collapse, Loans, Credit

SVB Financial accuses FDIC of 'improper actions' to block the firm from accessing $2 billion of its cash

Wed, 03/22/2023 - 07:09

Tech Insider

SVB — Police officers outside SVB's headquarters in Santa Clara, California on Friday.
Getty Images

Markets, MI Exclusive, SVB, Silicon Valley Bank, Silicon Valley Bank collapse, FDIC, SVB Financial Group

Nobel economist Paul Krugman sounds the recession alarm as banking fears mount - but shrugs off 'apocalyptic warnings' and fears of another financial crisis

Wed, 03/22/2023 - 06:54

Tech Insider

Paul Krugman Joe Scarborough debate — Paul Krugman.
AP

Markets, MI Exclusive, Stocks, Paul Krugman, New York Times, Nobel prize in economics, Banking Crisis

The Swiss government has put a stop to some Credit Suisse banker bonuses after public backlash over the state-engineered rescue plan

Wed, 03/22/2023 - 01:10

Tech Insider

Chairman of the Board of Directors of UBS, Colm Kelleher and Chairman of the Board of Directors of Credit Suisse, Axel Lehmann attend a news conference on Credit Suisse after UBS takeover offer, in Bern, Switzerland, March 19, 2023. — Colm Kelleher, the chairman of UBS, looks to shake hands with Axel Lehmann, his counterpart at Credit Suisse, on Sunday.
Denis Balibouse/Reuters

News, Markets, Credit Suisse, Switzerland, Banks, bank crisis, Bailout

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