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Cramer to the Fed: You have an elegant fix for the Silicon Valley Bank crisis — please use it

In order to ensure there is no run on banks, the Fed must guarantee 100% of the deposits at SVB.

Published 12 March 2023
Categorised as Finance News

Auction process is reportedly underway to find a buyer for Silicon Valley Bank

Federal regulators are exploring selling Silicon Valley Bank to another financial institution after the tech-focused bank was taken over on Friday.

Published 12 March 2023
Categorised as Finance News

Here’s what could happen next for Silicon Valley Bank customers

Regulators are exploring ways to restore the uninsured deposits after the U.S. suffered its largest bank failure since 2008.

Published 12 March 2023
Categorised as Finance News

Treasury Secretary Janet Yellen says U.S. government won’t bail out Silicon Valley Bank

Treasury Secretary Janet Yellen says U.S. government will not bail out Silicon Valley Bank

Published 12 March 2023
Categorised as Finance News

Hundreds of venture capital firms vow to work with Silicon Valley Bank again if new owner is found

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Published 12 March 2023
Categorised as Finance News

Think your house is haunted and want out? Author Grady Hendrix has ideas on how to sell it

In Grady Hendrix’s new novel, “How to Sell a Haunted House,” protagonist Louise runs into trouble trying to sell the house she grew up in. Are ghosts to blame?

Published 12 March 2023
Categorised as Finance News

An A.I. chatbot asked Bill Gates what he wishes he could tell his younger self — here’s what he said

Recently, the Microsoft co-founder sat down with U.K. Prime Minister Rishi Sunak as the two answered questions that were generated by an AI chatbot.

Published 12 March 2023
Categorised as Finance News

Silicon Valley Bank employees received bonuses hours before government takeover

The SVB employee bonuses were for work done in 2022 and had been in process days before the company’s collapse, sources said.

Published 11 March 2023
Categorised as Finance News

Etsy warns sellers of delay in processing payments due to Silicon Valley Bank collapse

One affected Etsy seller told NBC News the deposits delay would have a “catastrophic” effect on his business.

Published 11 March 2023
Categorised as Finance News

Investors implore the government to step in after Silicon Valley Bank failure

Voices from tech and finance are increasingly calling for the federal government to push another bank to take over the failed Silicon Valley Bank.

Published 11 March 2023
Categorised as Finance News

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