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Rising interest rates, which brought down the U.S. banking system’s market value of assets by $2 trillion, combined with a large share of uninsured deposits at some U.S. banks, threatens their stability. Go to Source Powered by WPeMatico
According to the House Financial Services Committee, it expects to hold multiple hearings on “getting to the bottom” of the banks’ failures. Go to Source Powered by WPeMatico
Bank forecasting needs to become more than a “check-the-box” motion for regulatory compliance. It needs to be treated as a strategic decision-making tool. Go to Source Powered by WPeMatico
The class action suit was filed against Silicon Valley Bank, chief executive officer Greg Becker, and chief financial officer Daniel Beck. Go to Source Powered by WPeMatico
Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos” such as BTC. Go to Source Powered by WPeMatico
Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21). Go to Source Powered by WPeMatico
In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations. Go to Source Powered by WPeMatico
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days. Go to Source Powered by WPeMatico
The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB’s British arm. Go to Source Powered by WPeMatico
The White House assessed the impact of Silicon Valley Bank’s failure over the weekend with a keen attention to venture capital firms and regional banks. Go to Source Powered by WPeMatico
