Silicon Valley Bank
Business
Bitcoin Surges as Crisis Hits Global Banking
Bitcoin was close to nine-month highs on Monday and had its best week in four years as the global banking crisis drives some investors to turn to digital assets.
The biggest cryptocurrency by market value hit its highest since June...
Business
Big American Banks Inject $30bn into First Republic to Avert Crisis
A group of big American banks has injected $30bn into a smaller regional bank, First Republic, to avert the crisis in the sector.
The move came as authorities in the US are trying to quell panic over the health of...
Business
Stock Markets in Turmoil as Banking Fears Spread
Stock markets are in turmoil with banking shares falling sharply on Wednesday as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week.
The failure of SVB has raised fears that other banks could...
Business
Silicon Valley Bank: Greek American Tim Mayopoulos Named CEO of New Entity
Tim J. Mayopoulos, a Greek-American banker, was appointed by the U.S. Federal Deposit Insurance Corporation as the new boss of Silicon Valley Bank (SVB) which collapsed last week.
Mayopoulos was named CEO of the newly created entity, named Silicon Valley...
Economy
Biden Promises Stricter Banking Regulations After SV Bank Collapse
On Monday, United States President Joe Biden sought to reassure Americans that the banking system is "safe" following the collapse of Silicon Valley Bank (SVB).
The president also promised to introduce new banking regulations and made further assurances to United...
Business
The US Says Money in Failed Silicon Valley Bank is Safe
The US government has said that people and businesses who have money deposited with failed US bank Silicon Valley Bank (SVB) will be able to access all their cash from Monday.
A statement from the US Treasury, the Federal Reserve...