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Silicon Valley Bank

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

April 27, 2023 - 1:48 pm by Frank Bergman

First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing.

Categories Economy, News Tags Banking Crisis, Banks, Economy, First Republic Bank, Signature Bank, Silicon Valley Bank 1 Comment

America’s Biggest Banks Experience Major Surge in Withdrawals

April 4, 2023 - 7:50 am by Nick R. Hamilton

America’s largest banks experienced a major surge in withdrawals last week as the banking crisis appears to be deepening.

Categories Economy, News Tags Banking Crisis, Banks, Silicon Valley Bank 1 Comment

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

March 23, 2023 - 12:31 pmMarch 23, 2023 - 11:12 am by Nick R. Hamilton

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.

Categories Economy Tags Banking Crisis, Business, Federal Reserve, Interest Rates, Jerome Powell, News, Silicon Valley Bank 4 Comments

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

March 22, 2023 - 1:22 pmMarch 22, 2023 - 11:12 am by Nick R. Hamilton

The former chair of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, has criticized the Biden administration’s “bailout” of Silicon Valley Bank (SVB).

Categories Economy Tags Banking Crisis, Biden, Business, News, Sheila Bair, Silicon Valley Bank 2 Comments

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

March 20, 2023 - 11:45 am by Frank Bergman

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.

Categories News Tags Banking Crisis, Conspiracy Theory, Disinformation, Silicon Valley Bank 3 Comments

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

March 16, 2023 - 7:34 pm by Nick R. Hamilton

Sen. John Kennedy (R-LA) has argued that the Silicon Vally Bank (SVB) collapse, and the resulting banking crisis, could have been avoided.

Categories Economy, News Tags Banking Crisis, Biden, Business, John Kennedy, News, Silicon Valley Bank 1 Comment

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

March 16, 2023 - 1:31 pm by Frank Bergman

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).

Categories News, Politics Tags Banking Crisis, Banks, Biden, Silicon Valley Bank, Ted Cruz 6 Comments

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

March 15, 2023 - 3:18 pm by Frank Bergman

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.

Categories News Tags Banking Crisis, Banks, Biden, Chuck Schumer, Democrats, Silicon Valley Bank 1 Comment

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

March 15, 2023 - 1:28 pm by Frank Bergman

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.

Categories News Tags Banking Crisis, Banks, Credit Suisse, Silicon Valley Bank Leave a comment

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

March 15, 2023 - 12:21 pm by David Hawkins

Twitter boss Elon Musk has issued a grim warning about the state of the economy.

Categories News Tags Banking Crisis, Banks, Cathie Wood, Elon Musk, Signature Bank, Silicon Valley Bank 6 Comments
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