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Goldman Sachs Being Probed Over Silicon Valley Bank Collapse
US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.
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US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
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"Textbook Case Of Mismanagement": Top Official On Silicon Valley Bank
The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher banking regulation, according to prepared remarks by a top Federal Reserve official.
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Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."
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186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
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Actor Sharon Stone Claims She Lost Half Her Money In Recent Banking Crisis
Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.
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US's New York Community Bank To Take Over Failed Signature Bank's Assets
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.
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TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
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USDC Investors Pulled $3 Billion From Stablecoin in Three Days, Circle Says
USDC investors rushing to redeem their holdings in the wake of the collapse of Silicon Valley Bank resulted in $3 billion (roughly Rs. 24,840 crore) being pulled from the stablecoin, according to Circle. Users will soon be able to automatically redeem USDC through a new banking relationship with Cross River Bank, and Circle says it will continue ef...
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India’s SVC Bank Clarifies Its Business is Safe as Some Confuse it With Collapsed SVB
The SVC bank, headquartered in Mumbai, has clarified that it has no relation with US’ Silicon Valley Bank (SVB) that shuttered this week. The similarity in the acronyms of their names have seemingly left some people in India confused.
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How SVB And Signature Bank Failed So Fast - And The Crisis Isn't Over Yet
Silicon Valley Bank and Signature Bank failed with enormous speed so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time.
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'Old-School' Signature Bank Collapsed After Its Big Crypto Leap
Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.
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Silicon Valley Bank Caretaker Urges Depositors To Come Back
The head of Silicon Valley Bridge Bank, created by US regulators to succeed Silicon Valley Bank after it collapsed, on Tuesday urged fleeing depositors to return with their money, as large banks see an influx of funds.
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How Washington Scrambled As Silicon Valley Bank Collapsed
The US government launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank, the largest bank collapse since the 2008 financial crisis.
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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
-
Goldman Sachs Being Probed Over Silicon Valley Bank Collapse
US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.
-
US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
-
"Textbook Case Of Mismanagement": Top Official On Silicon Valley Bank
The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher banking regulation, according to prepared remarks by a top Federal Reserve official.
-
Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."
-
186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
-
Actor Sharon Stone Claims She Lost Half Her Money In Recent Banking Crisis
Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.
-
US's New York Community Bank To Take Over Failed Signature Bank's Assets
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.
-
TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
-
USDC Investors Pulled $3 Billion From Stablecoin in Three Days, Circle Says
USDC investors rushing to redeem their holdings in the wake of the collapse of Silicon Valley Bank resulted in $3 billion (roughly Rs. 24,840 crore) being pulled from the stablecoin, according to Circle. Users will soon be able to automatically redeem USDC through a new banking relationship with Cross River Bank, and Circle says it will continue ef...
-
India’s SVC Bank Clarifies Its Business is Safe as Some Confuse it With Collapsed SVB
The SVC bank, headquartered in Mumbai, has clarified that it has no relation with US’ Silicon Valley Bank (SVB) that shuttered this week. The similarity in the acronyms of their names have seemingly left some people in India confused.
-
How SVB And Signature Bank Failed So Fast - And The Crisis Isn't Over Yet
Silicon Valley Bank and Signature Bank failed with enormous speed so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time.
-
'Old-School' Signature Bank Collapsed After Its Big Crypto Leap
Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.
-
Silicon Valley Bank Caretaker Urges Depositors To Come Back
The head of Silicon Valley Bridge Bank, created by US regulators to succeed Silicon Valley Bank after it collapsed, on Tuesday urged fleeing depositors to return with their money, as large banks see an influx of funds.
-
How Washington Scrambled As Silicon Valley Bank Collapsed
The US government launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank, the largest bank collapse since the 2008 financial crisis.
-
Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
