gregbecker

The Wall Street Journal Thinks Silicon Valley Bank Woked Itself Into Bankruptcy

Mon, 03/13/2023 - 16:52

Another bank fails, and the anti-regulation apologists are quick to follow. Tech startup darling Silicon Valley Bank’s utter collapse this past week and the U.S. government’s quick bailout was one for the record books, but one Wall Street Journal writer seems to think that SVB was “distracted” by having a board with…

siliconvalleybank, siliconvalley, wallstreetjournal, California, statesoftheunitedstates, dodde28093frankwallstreetreformandconsumerprotectionact, SVB

U.S. Government Saves Tech's Favorite Bank

Mon, 03/13/2023 - 08:01

Gizmodo : Economy

The U.S. government swooped in on Sunday to save the tech industry’s favorite bank, announcing that it would ensure all depositors in Silicon Valley Bank had full access to their money by Monday. Silicon Valley Bank is the second-largest bank to fail in U.S. history.

Bank, money, business2cfinance, bankregulationintheunitedstates, gregbecker, depositinsurance, economy

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