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Much of failed Silicon Valley Bank’s assets to be sold to First Citizens, FDIC says

Monday, March 27

(NEW YORK) -- First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said.Silicon Valley Bank, a regional lender with about $210 billion in assets, collapsed earlier this month. The bank had been... Read More.

Fed was aware of Silicon Valley Bank problems more than a year before its collapse

Monday, March 20

(WASHINGTON) -- The Federal Reserve was aware of risks to Silicon Valley Bank more than a year before its collapse, ABC News confirmed on Monday following a New York Times report.Even more, ABC News has confirmed a Wall Street Journal report that the Fed... Read More.

Class action suit filed against Silicon Valley Bank’s parent company, executives

Friday, March 17

(NEW YORK) -- SVB Financial Group and top executives have been named in a federal lawsuit amid the collapse of Silicon Valley Bank, the largest bank failure since the 2008 financial crisis.A shareholder from Wisconsin, who says he lost about $12,000, is named as... Read More.

Here’s who’s made money amid the Silicon Valley Bank turmoil

Friday, March 17

(NEW YORK) -- A string of bank collapses in recent days sent panic rippling through the financial sector, prompting an extraordinary U.S. government intervention to save depositors and a sharp drop for bank stocks in the U.S. and Europe.Some people and institutions, however, made... Read More.

Pension funds report millions in losses amid Silicon Valley Bank collapse

Friday, March 17

(NEW YORK) -- An Ohio public pension fund for teachers revealed it lost millions by holding more than $27 million in Silicon Valley Bank shares before the bank’s collapse.The State Teachers Retirement System (STRS) of Ohio stated that the shares represented a minuscule portion... Read More.

A bailout or not? Did the federal government bailout Silicon Valley Bank and Signature Bank?

Thursday, March 16

(NEW YORK) -- The word “bailout” is sure to make anyone who remembers the 2008 financial crisis nostalgic in all the worst ways. At the time, the government used taxpayer money to keep some of the country’s largest financial institutions afloat.Two regional banks recently... Read More.

What to know about the Trump-era rollback of bank rules and Silicon Valley Bank’s demise

Wednesday, March 15

(WASHINGTON) -- The collapse of Silicon Valley Bank is putting deregulatory reforms implemented under former President Donald Trump back in the spotlight.The abrupt implosion of the country's 16th-largest bank last week resulted in swift finger-pointing in Washington.President Joe Biden and many progressive Democrats have blamed,... Read More.

Why most bank deposits are safe, despite the Silicon Valley Bank collapse

Wednesday, March 15

(NEW YORK) -- The failure of Silicon Valley Bank, the second-biggest bank collapse in U.S. history, called into doubt the fate of roughly $175 billion in customer deposits.Days later, the U.S. government guaranteed the protection of all Silicon Valley Bank deposits but the turmoil left... Read More.

Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoil

Wednesday, March 15

(NEW YORK) -- Bank stocks in the U.S. and Europe tumbled on Wednesday as the global financial system continued to reckon with the Silicon Valley Bank collapse, the largest bank failure since 2008.Shares of Credit Suisse fell more than 26% in early trading after... Read More.

After the fall of Silicon Valley Bank and Signature Bank, here are tips to keep your money safe

Wednesday, March 15

(NEW YORK) -- The closures of two of the nation's largest banks over the past week have put many consumers on edge.Silicon Valley Bank, the nation's 16th largest bank, struggled as the sharp rise in interest rates led to a decline in the value... Read More.

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Stories tagged with: silicon

Much of failed Silicon Valley Bank’s assets to be sold to First Citizens, FDIC says

Fed was aware of Silicon Valley Bank problems more than a year before its collapse

Class action suit filed against Silicon Valley Bank’s parent company, executives

Here’s who’s made money amid the Silicon Valley Bank turmoil

Pension funds report millions in losses amid Silicon Valley Bank collapse

A bailout or not? Did the federal government bailout Silicon Valley Bank and Signature Bank?

What to know about the Trump-era rollback of bank rules and Silicon Valley Bank’s demise

Why most bank deposits are safe, despite the Silicon Valley Bank collapse

Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoil

After the fall of Silicon Valley Bank and Signature Bank, here are tips to keep your money safe

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