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Banks borrowed a record $153 billion from the Fed as SVB's collapse rocked Wall Street

Fri, 03/17/2023 - 06:36

Federal Reserve Building — In this May 22, 2020, file photo, a car drives past the Federal Reserve building in Washington.
Patrick Semansky/AP Photo

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Goldman Sachs just told us the banking crisis makes it more pessimistic about the economy - and other recession signals are blaring too

Fri, 03/17/2023 - 06:15

This week felt like the longest month ever. Phil Rosen here — who knew you could age so precipitously in so few calendar days?

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The bank crisis has raised the odds of a recession in the next year to 35%, according to Goldman Sachs

Thu, 03/16/2023 - 10:57

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SVB — Silicon Valley Bank was shut down by regulators on Friday.
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Goldman Sachs bought the SVB bonds whose $1.8 billion loss set off the startup lender's meltdown

Wed, 03/15/2023 - 06:46

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SVB HQ — Silicon Valley Bank's HQ in Santa Clara, California
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Silicon Valley Bank and inflation complicate the Fed’s next move

Wed, 03/15/2023 - 06:20

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Howdy team. Senior reporter Phil Rosen here.

Everyday now we've been talking about Silicon Valley Bank — SVB — and I've had to catch myself several times from saying SBF — Sam Bankman-Fried — the guy behind the other big financial collapse in recent months.

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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

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

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The winners and losers of the Silicon Valley Bank failure

Mon, 03/13/2023 - 15:23

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Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Justin Sullivan/Getty Images

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Silicon Valley Bank's issues were hiding in plain sight, and its collapse damages the Fed's reputation as a regulator, DataTrek says

Mon, 03/13/2023 - 09:03

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Two big Silicon Valley banks failed when the easy money ran out - and that could be just the start.

Mon, 03/13/2023 - 07:00

Tech Insider

Phew. Hey there. Senior reporter Phil Rosen here. Before we jump into the newsletter, the Silicon Valley Bank saga is continuing to unfold, so let's quickly break down the latest.

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'This is a warning to the Fed': Wall Street reacts to the collapse of Silicon Valley Bank, the biggest bank failure since 2008

Fri, 03/10/2023 - 15:15

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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.
Justin Sullivan / Getty Images North America

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