Silicon Valley Bank Archives

Fed Chair Powell on SVB Collapse: Regulators Were Surprised by Bank Run

Federal Reserve Chairman Jerome Powell has commented on the collapse of Silicon Valley Bank (SVB) by revealing that regulators were caught off guard by the speed of the bank run. On Wednesday, Powell criticized the management of SVB for poor risk management. He alleges that bank executives sought to grow…

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…

‘Disinformation Experts’ Blame ‘Conspiracy Theories’ and ‘Far-Right Websites’ for Silicon Valley Bank Collapse

So-called "disinformation experts" are claiming that "conspiracy theories" being spread by "far-right websites" and "doomsday preppers" are to blame for Silicon Valley Bank's (SVB) recent collapse. The claim comes just days after Democrat Senator Mark Kelly (D-AZ) called for censorship on social media to bury reports on the banking crisis…

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…

Ted Cruz Slams Biden for Bailing Out ‘Corrupt’ Silicon Valley Bank: ‘Like Bonny & Clyde’

Republican Sen. Ted Cruz (R-TX) has blasted Joe Biden over the Democrat president's efforts to bail out the recently collapsed Silicon Valley Bank (SVB). Cruz slammed SVB as "corrupt" and warned that the Biden admin's bailout of the bank sets a dangerous precedent that will "incentivize" future bad behavior from…

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…

Banking Crisis: Credit Suisse Shares Plunge to Record Low, Trading Halts

Shares in Swiss banking giant Credit Suisse have plunged to a record low amid fears the bank will be the next financial institution to collapse. Shares tumbled by as much as 30 percent on Wednesday after Saudis pulled funding. Trading in the Swiss bank’s stock was halted several times on…

Elon Musk Issues Warning: ‘Lot of Current Year Similarities to 1929’

Twitter boss Elon Musk has issued a grim warning about the state of the economy. President Joe Biden and the Democrats have flooded the economy with unlimited cash-printing since he came into office. The non-stop spending has led many experts to start warning our leaders of what may be coming.…

GOP 2024 Candidate Ramaswamy: Feds Should Let Silicon Valley Bank ‘Fully Fail’

Republican 2024 presidential candidate Vivek Ramaswamy has called for the federal government to step back and allow the collapsed Silicon Valley Bank (SVB) to "fully fail." Ramaswamy is calling for restraint by the feds in its response to the swift collapse of tech-sector darling SVB over the weekend. His comments…

Israeli Bankers Transferred $1 Billion Out of Silicon Valley Bank Right before Collapse

Bankers in Israel were able to successfully transfer $1 billion in funds from Silicon Valley Bank (SVB) right before it collapsed on Friday, according to reports. The Times of Israel is reporting that the country’s two largest banks, Bank Leumi and Bank Hapoalim, were able to move the money before…