The Los Angeles lender, which has come under scrutiny amid worries about midsize banks, said withdrawals had “stabilized.” It expressed confidence in its ability to raise cash.
Category: Credit and Debt
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A Big Question for the Fed: What Went Wrong With Bank Oversight?
As the Federal Reserve reviews the failure of Silicon Valley Bank, and Congress prepares for hearings, bank oversight is getting a closer look.
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Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan
The nation, having weathered negotiations with Japan, India and China, hopes the emergency funds from the International Monetary Fund will see it through its debt crisis.
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Hedge Funds That Bet on Credit Suisse Rescue Face Uneven Results
Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.
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48 Hours Till Payroll, $200,000 to Go: Diary of a Bank Failure
The collapse of Silicon Valley Bank set major financial disruptions in motion. It also made one founder’s week a scramble.
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Banking Crisis Hangs Over Economy, Rekindling Recession Fear
Borrowing could become tougher, a particular blow to small businesses — and a threat to the recovery’s staying power.
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WeWork Reaches a Debt Restructuring Deal With SoftBank
The agreement will reduce the unprofitable office space company’s debt, giving it more financial breathing room.
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Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.
Economists expected inflation and rates to stay low for years. With Silicon Valley Bank’s implosion, Wall Street is starting to reckon with how wrong that prediction has proved.
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How Silicon Valley Bank Sparked Global Financial Panic
While its C.E.O. extolled innovation and the future of tech, Silicon Valley Bank paid less attention to risk management and was caught flat-footed by economic change.
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Wall Street rises on relief over banks and inflation.
A rebound in bank stocks provided a pause in the market panic over the health of the financial system.
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3 Lessons From Silicon Valley Bank’s Failure
Here’s one takeaway: The bank’s extremely online clientele may have contributed to its downfall.