A California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver. Read more.
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Crypto VCs ask portfolios to pull funds from Silicon Valley BankCrypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank. SVB Financial Group, the parent company of Silicon Valley Bank, lost more than 60% of its value on 9 March. Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling […]
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SVB Financial CEO asks Silicon Valley Bank clients to 'stay calm' as shares sink - BNN BloombergUnease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money.
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'Tip of the iceberg': U.S. bank stocks dive as California lender folds over crypto meltdownWall Street fears a larger crisis is afoot after one California lender shut down and another sold its equities to stay afloat. Read on
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Bank of Canada holds key rate steady, first major central bank to pause hikesThe central bank on Wednesday reiterated its pledge to pause, conditional on economic developments evolving in line with its outlook From alicjawithaj
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Crypto-focused Silvergate Bank to shut down operationsSilvergate Bank decides to liquidate its assets and close shop The bank claims it will make full repayment on deposits The cryptocurrency market sees another player close business. Silvergate Bank, the troubled crypto-focused bank, has decided to cease operations and liquidate its assets. In an announcement made today, Silvergate Captial Corporation – the parent company […]
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Three-day transit strike planned for Fraser ValleyHandyDart buses will not be impacted because they are an essential service
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