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Silicon Valley Bank collapse

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

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

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

Silicon Valley Bank's collapse is looming over the Fed as it makes the next move in its war on inflation this week

Tue, 03/21/2023 - 12:46

Tech Insider : Economy, Politics

Silicon Valley Bank, Fed Chair Jerome Powell — Silicon Valley Bank, Fed Chair Jerome Powell.
John Brecher for The Washington Post via Getty Image, Anna Moneymaker/Getty Images

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Treasury Secretary Janet Yellen said the SVB collapse is 'very different' from the 2008 crisis and that the financial system is 'significantly stronger than it was 15 years ago'

Tue, 03/21/2023 - 12:41

Tech Insider : Economy, Politics

Treasury Sec. Janet Yellen — U.S. Treasury Secretary Janet Yellen speaks during a news conference at the IMF and World Bank Annual Meetings at IMF headquarters, October 14, 2022 in Washington, DC. Secretary Yellen fielded a wide range of questions, including several on the economic impacts of the conflict between Ukraine and Russia.
Drew Angerer/Getty Images

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The Fed spotted red flags at Silicon Valley Bank years before it collapsed, report says

Mon, 03/20/2023 - 11:56

SVB — Nikolas Liepins/Anadolu Agency via Getty Images

Markets, MI Exclusive, SVB, Silicon Valley Bank collapse, NYT, us banking crisis, Banking Crisis

UBS is officially buying Credit Suisse in a historic rescue deal. This is how we got here.

Sun, 03/19/2023 - 15:55

Swiss Switzerland Fan Flag Soccer — Credit Suisse's stock is plunging as investors fear a banking crisis.
AP Photo/Schalk van Zuydam

Markets, MI Exclusive, Stocks, Credit Suisse, Banks, Banking Crisis, European Banks

Here's why the Silicon Valley Bank crash has made a recession much more likely in 2023

Sun, 03/19/2023 - 08:30

Tech Insider : Economy

stock market crash — Spencer Platt/Getty Images

Markets, MI Exclusive, Silicon Valley Bank collapse, SVB, Recession, recession risk, recession 2023

Mid-size banks want all deposits insured for 2 years to avoid 'panic' and restore confidence, report says

Sun, 03/19/2023 - 07:15

Inserting card into ATM — The Mid-Size Bank Coalition of America represents more than 100 lenders.
Getty Images

finance, News, FDIC insurance, Federal Deposit Insurance Corporation, Federal Reserve, Janet Yellen, Banks

The West was founded by whiny pioneers. Silicon Valley Bank is just the latest.

Sun, 03/19/2023 - 06:02

Tech Insider : Economy, Technology

photo composition illustration of Silicon Valley Bank in an Old West environment — Silicon Valley Bank mirrors the myth of the Old West: It started off as a bold pioneer, only to end up running back to the government for help.
Witthaya, aoldman / Getty Images; Arif Qazi / Insider

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