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SVB Financial files for bankruptcy, a week after Silicon Valley Bank's closure by regulators

Fri, 03/17/2023 - 08:56

A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California. — A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Silicon Valley Bank, SVB, Bankruptcy, Bank Run

Credit Suisse shares slide 10% as the shine of its rescue package wears off

Fri, 03/17/2023 - 07:41

Credit Suisse in Geneva.

Fabrice Coffrini/AFP/Getty Images

Markets, MI Exclusive, Stocks, Credit Suisse, Credit Suisse stock, SVB, US stocks

Billionaire investor Bill Ackman says US banks depositing $30 billion into First Republic creates a 'false sense of confidence'

Fri, 03/17/2023 - 06:38

Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. — Billionaire investor Bill Ackman calls for a temporary systemwide bank deposit guarantee immediately.
REUTERS/Mike Blake

News, finance, Markets, Silicon Valley Bank, SVB, Bank Run, First Republic

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

Markets, MI Exclusive, SVB, Silicon Valley Bank collapse, Wall Street, Fed, Lending

Carl Icahn says the Fed needs to focus on battling the 'disease of inflation' despite SVB's failure

Fri, 03/17/2023 - 06:24

Carl Icahn — Billionaire investor Carl Icahn.
AP Images

Markets, MI Exclusive, Stocks, Carl Icah, Federal Reserve, Inflation, SVB

Fear of financial crisis unleashed chaos across markets this week. These 7 charts show how the shockwaves engulfed stocks, bonds, and commodities.

Fri, 03/17/2023 - 06:09

Stock traders on the exchange trading floor. — Stock traders
Drew Angerer/Getty Images

Markets, MI Exclusive, Market Analysis, Stock Market Analysis, Stock Market Outlook, Financial Crisis, Banking Crisis

Chinese state media says US banking troubles are a result of poor regulation and domestic politics — but China's banks aren't having a great time either

Fri, 03/17/2023 - 05:13

A man (C) reads the Chinese state-run newspaper with coverage of the conflict between Russia and Ukraine, on a street in Beijing on February 24, 2022. — China uses state media to push its messaging.
Jade Gao/AFP/Getty Images

Analysis, News, Analysis, Silicon Valley Bank, SVB, Banking Crisis, China

Some VC firms have started moving money back into Silicon Valley Bank, marking the latest turn in the bank's wild week

Fri, 03/17/2023 - 02:03

Security guards let individuals enter the Silicon Valley Bank's headquarters in Santa Clara, Calif., on Monday, March 13, 2023. — SVB crisis: Some tech VCs are now backing the bank again.
Benjamin Fanjoy/Associated Press

News, finance, Markets, Silicon Valley Bank collapse, SVB, Tech, Venture Capitalists

A climate tech CEO took calls from an airplane bathroom to try and save his company when his bank collapsed

Thu, 03/16/2023 - 17:19

An aerial view of a community solar farm. — Erin Hooley/Chicago Tribune

finance, Sustainability, climate tech, SVB, First Republic, Sustainablity, Sustainability Newsletter

Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse

Thu, 03/16/2023 - 15:20

Cathie Wood — Cathie Wood speaks on a panel at Miami's Bitcoin 2022 conference.
Rebecca Blackwell/AP Photo

Markets, MI Exclusive, Cathie Wood, ARK Invest, SVB, Silicon Valley Bank, Signature Bank

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