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.
Category: Credit and Debt
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How Silicon Valley Bank Sparked Global Financial Panic
The New York Times – Business: -
Wall Street rises on relief over banks and inflation.
The New York Times – Business: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
The New York Times – Business:Here’s one takeaway: The bank’s extremely online clientele may have contributed to its downfall.
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Biden’s World Bank Pick Looks to Link Climate and Development Goals
The New York Times – Business:Ajay Banga will begin a monthlong “global listening tour” to drum up support for his nomination to be the bank’s next president.
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How to Keep Revenge Spending From Ruining Your Retirement
The New York Times – Business:Once the worst of the pandemic passed, some of us turned from being savers to spenders — setting ourselves up for potential disaster.
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Consumers Try to Change Their Spending Habits After the Pandemic
The New York Times – Business:The pandemic gave consumers an excuse to spend more to make up for lost time. Those who went overboard are trying to reverse course.
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Student Loan Case Could Reshape Presidential Politics
The New York Times – Business:President Biden has tried to bypass gridlock in Congress by using executive power. The Supreme Court is skeptical, and could curb that authority.
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Thomas H. Lee, a Pioneer in Leveraged Buyouts, Is Dead at 78
The New York Times – Business:Born into wealth, he turned it into even greater wealth in founding a Boston firm and was remembered as a “kinder, gentler” corporate raider.
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Why a Strong Economy Is Making Stock Investors Jittery
The New York Times – Business:After stocks jumped more than 6 percent in January, the tone shifted markedly this week as a steady flow of data showed the economy continued to run hot.
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A Missed $140 Million Payment Sends Sports TV Negotiations Into Overdrive
The New York Times – Sports:The owners of the regional television channels branded as Bally Sports have nearly $9 billion in debt and owe hefty rights fees to M.L.B., N.B.A. and N.H.L. teams. Now, they’re all on the clock to find a solution.
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How Young Couples Talk About Money in Relationships
The New York Times – Business:In an age when making Venmo payment requests is easy, many young couples find that discussing their finances can be hard.
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Bed Bath & Beyond’s Stock Offering Is Backed by Hudson Bay Capital
The New York Times – Business:Hudson Bay Capital has essentially agreed to make sure the troubled retailer will sell roughly $1 billion in shares as it tries to avoid bankruptcy.