Silicon Valley Bank

One of America’s Largest Banks Is on Verge of Collapsing

One of America’s Largest Banks Is on Verge of Collapsing

First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing. America's economy is still reeling from the sudden collapse of Silicon Valley Bank (SVB) and Signature Bank last month. However, it does appear that the financial system has…
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America’s Biggest Banks Experience Major Surge in Withdrawals

America’s Biggest Banks Experience Major Surge in Withdrawals

America's largest banks experienced a major surge in withdrawals last week as the banking crisis appears to be deepening. The 25 biggest banks in the United States saw a huge $90 billion outflow of deposits last week. The news is a sharp reversal from the prior week where larger financial…
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Former FDIC Chair Speaks Out: Biden Admin Overreacted with SVB ‘Bailout’

Former FDIC Chair Speaks Out: Biden Admin Overreacted with SVB ‘Bailout’

The former chair of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, has criticized the Biden administration’s "bailout" of Silicon Valley Bank (SVB). Bair denounced the Biden admin's decision to guarantee all deposits at the failed SVB, labeling the move an “overreaction.” Bair made the comments during a recent appearance…
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Sen John Kennedy: Silicon Valley Bank Crisis Could Have Been Avoided

Sen John Kennedy: Silicon Valley Bank Crisis Could Have Been Avoided

Sen. John Kennedy (R-LA) has argued that the Silicon Vally Bank (SVB) collapse, and the resulting banking crisis, could have been avoided. The senator stated during a speech on the Senate floor Wednesday that the bank’s executives and federal regulators should have done their job on risk management. Kennedy emphasized…
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Biden and Schumer Took Cash from Silicon Valley Bank Affiliates before Collapse

Biden and Schumer Took Cash from Silicon Valley Bank Affiliates before Collapse

Democrat President Joe Biden and Senate Majority Leader Chuck Schumer (D-NY) were among several high-profile politicians who took cash from Silicon Valley Bank (SVB) affiliates before the financial institution dramatically collapsed last week. Political action committees and individuals associated with the now-defunct SVB have donated extensively to leading politicians. Silicon…
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