More than $100 billion was wiped off US banks’ value today in a bloodbath on Wall Street sparked by the collapse of Silicon Valley Bank…
HSBC Pays £1 for Silicon Valley Bank’s UK Unit in Rescue Deal…
HSBC acquired SVB UK for the nominal sum of £1 (equivalent to $1.21 at current exchange rates). The transaction has been completed with immediate effect, and funding will be sourced from HSBC’s existing resources…
Silicon Valley Bank Collapse Hits Companies Such As Camp, Compass Coffee…
California state regulators closed Silicon Valley Bank on Friday…
Silicon Valley Bank Signed Exclusive Banking Deals with Some Clients, Leaving Them Unable to Diversify…
Silicon Valley Bank required some clients to agree to exclusivity clauses, disabling them from diversifying where they held their money, SEC records show…
Biden Forced to Bail Out a Banking System — and His Donors — He Endangered…
Worse, this “Joe to the rescue” schtick is completely disingenuous. Biden’s dismal economic leadership got us here. He dumped trillions into an economy already running hot in 2021. When inflation headed for the stratosphere,..
Co-Author of the 2008 Dodd-Frank Banking Act Sat on the Board of Doomed Signature Bank…
Ultimate insider rigged the investment banking game by nullifying the Glass-Steagall Act replacing it with the Dodd-Frank Act which is directly tied to the Silicon Valley Bank and now Signature Bank’s collapse…
Donald Trump Gets the Last Laugh at Woke Bank That Closed His Account After the 2020 Election…
Trump has gotten the last laugh in his battle against a ‘Woke’ bank that closed his account in the aftermath of the 2020 election. Signature Bank is now finding itself closed…
U.S. Treasury Steps In – All SVB Depositors Will Have Access to Their Money on Monday…
The U.S. Treasury, Federal Reserve Board, FDIC and Joe Biden collectively announce that *all* depositors with Silicon Valley Bank (SVB) will have access to their funds – regardless of amount deposited. Also, all senior bank management has been terminated…
Game Over: FDIC Shutters Silicon Valley Bank, Appoints Receiver…
Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank…
Secretary Yellen, We’ve Got a “Staggering” Problem: New Report Shows Foreign Banks Have Secret Derivative Debt that Is “10 Times their Capital”…
U.S. Treasury Secretary Janet Yellen has the dual role of Chairing the Financial Stability Oversight Council (F-SOC), whose role is to provide “comprehensive monitoring of the stability of our nation’s financial system.” Heads of each of the federal agencies that supervise Wall Street and the mega banks sit in on meetings of F-SOC…
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