Category: Silicon Valley Bank

How Washington Decided to Rescue Silicon Valley Bank

The New York Times – Business:
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.
Maxine Waters Says Congress Should Raise Cap on F.D.I.C. Backed Deposits

The New York Times – Business:
Lawmakers should also revisit the 2018 rollback of regulations on midsize banks, Ms. Waters said in an interview.
After Days of Panic, Midsize Banks See Stocks Rise

The New York Times – Business:
Shares in midsize banks that seemed to be on the brink stage a comeback.
Shares in First Republic and Others Rise After Federal Bank Rescue

The New York Times – Business:
First Republic, Western Alliance and PacWest Bancorp shares were set to rise on Tuesday after one of the industry’s worst stock routs in years.
After Bank Debacle, Silicon Valley Reckons With Its Image

The New York Times – Business:
Even as start-ups and investors began recovering their money from Silicon Valley Bank, the episode exposed the tech industry’s vulnerabilities.
Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.

The New York Times – Business:
The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.
Signature and Silicon Valley Bank Collapses Followed Softened Regulation

The New York Times – Business:
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
Is My Money Safe After the SVB Collapse? How Banks Protect Your Money.

The New York Times – Business:
The F.D.I.C. and other entities will protect most people’s bank and brokerage balances. But it’s as good a time as any for consumers to create other backstops.
Roku, Roblox and Other Companies Affected By the SVB Collapse

The New York Times – Business:
The failed bank had said it provided services to nearly half of all venture-backed technology and life-science companies in the United States.
An Indian tech company’s stock falls after it reveals a link to Silicon Valley Bank.

The New York Times – Business:
Nazara Technologies, a mobile gaming company, said two of its subsidiaries had together more than $7.7 million in balances at the failed bank.
First Republic and Others Under Pressure After SVB’s Collapse

The New York Times – Business:
Shares in regional lenders were under pressure, even after regulators unveiled a vast backstop for U.S. banks after Silicon Valley Bank’s collapse
HSBC to Buy SVB UK, Silicon Valley Bank’s British Subsidiary

The New York Times – Business:
Prime Minister Rishi Sunak said the country’s financial system was in good health and would not suffer from the demise of Silicon Valley Bank.