$106.04
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At Close: Jun 08, 2023
Europe Raises Interest Rates, Should the Fed Follow?
09:06am, Friday, 17'th Mar 2023
Europe is contending with high inflation while also facing off against disruption in its banking sector. Policy makers also hit back at the idea that increasing interest rates could do more harm than
SVB Financial files for bankruptcy, a week after Silicon Valley Bank's closure by regulators
08:56am, Friday, 17'th Mar 2023
During the bankruptcy process, SVB Financial can seek new owners for SVB Capital and SVB Securities.
SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity
08:40am, Friday, 17'th Mar 2023
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step:
Silicon Valley Bank Parent Files For Bankruptcy
08:38am, Friday, 17'th Mar 2023
Less than two weeks ago, the parent company's $200 billion bank was operating as usual. Now it's trying to salvage remaining assets.
SVB Financial files for Chapter 11 bankruptcy with about $2.2 billion of liquidity
08:14am, Friday, 17'th Mar 2023
SVB Financial Group SIVB, -60.41% said Friday it has filed for Chapter 11 bankruptcy in New York and will seek a court-supervised reorganization. The company said the filing does not include SVB Capit
Silicon Valley Bank's collapse has made the Fed's job way harder, top economist says
07:48am, Friday, 17'th Mar 2023
"The slowdown that was already underway because of the Fed raising rates might come faster," Torsten Slok told Bloomberg.
Analysis: SVB's climate tech clients face humbling funding questions
07:05am, Friday, 17'th Mar 2023
For years Silicon Valley Bank was a lender of choice for climate technology startups keen to tap specialised support for early-stage companies. Post its collapse, they may face higher finance costs wh
Banks borrowed a record $153 billion from the Fed as SVB's collapse rocked Wall Street
06:36am, Friday, 17'th Mar 2023
Wall Street banks have never asked for so much help from the Fed as in the days after the failure of SVB, when they got a record $152.9 billion in liquidity support.
For Many Immigrant Founders, Silicon Valley Bank's Collapse Is One More Hurdle To Jump
06:30am, Friday, 17'th Mar 2023
The disappearance of a supportive financial institution, which may have given them their first business credit card or mortgage, hits a bit different for foreign-born entrepreneurs.
Carl Icahn says the Fed needs to focus on battling the 'disease of inflation' despite SVB's failure
06:24am, Friday, 17'th Mar 2023
Even in the face of SVB's collapse, Fed chair Jerome Powell "is completely right" to prioritize taming soaring prices, billionaire investor Carl Icahn said.
British banks picking up deposits from SVB fall-out - reports
05:31am, Friday, 17'th Mar 2023
British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of US tech lender Silicon Valley Bank, as contagion fears prompt some depositors to try to figure
Silicon Valley Bank's Distress Wasn't Reflected in Credit Ratings
05:30am, Friday, 17'th Mar 2023
Ratings firms gave high marks to regional banks shortly before failures.
Silicon Valley Bank's Deep Ties to the Tech Industry
05:00am, Friday, 17'th Mar 2023
More than many other banks, SVB catered to how risky tech start-ups and their backers do not adhere to normal business practices.
GPT-4 Is Here, and the Silicon Valley Bank Fallout
05:00am, Friday, 17'th Mar 2023
Then, Mark Zuckerberg rethinks Meta's strategy.
Watchdog issues warning to shadow banks amid SVB collapse
04:57am, Friday, 17'th Mar 2023
The Financial Conduct Authority (FCA) has warned shadow banks to ensure customer funds are secure or face potential closure, according to the Daily Telegraph citing a letter to nearly 300 CEOs. It ins
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