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Silicon Valley Bank faced a downgrade, so it called on Goldman Sachs. It didn't turn out as planned, and the California bank was seized by regulators.
Silicon Valley Bank was the go-to bank for venture capital firms and technology start-ups for years, but failed spectacularly in March, setting off a crisis of confidence for the banking industry.
But more than 85% of Silicon Valley Bank's deposits were uninsured, according to estimates in a recent regulatory filing. "We're very aware of the problems that depositors will have," Yellen said.
A security guard at Silicon Valley Bank monitors a line of people outside the office in Santa Clara, Calif., on March 13, 2023. The Fed admitted it was partly to blame for the collapse of the ...
The collapse of Silicon Valley Bank prompted regulators to move to contain the fallout. Since then, a second bank has failed, another was bailed out and a Swiss giant was taken over by a rival. By ...
Silicon Valley leaders, like David Sacks and Reid Hoffman, are engaging in public political disputes, illustrating the sector's partisan split.
Silicon Valley Bank’s new CEO Tim Mayopoulos assured clients Monday that the lender is "open" and "conducting business as usual" -- after the stunning collapse of the nation’s 16th-largest ...
Silicon Valley Bank CEO Greg Becker sold $3.6 million worth of the company's shares less than two weeks before the bank's collapse, drawing scrutiny from lawmakers like Rep. Ro Khanna, ...
With all the above in mind, here are the qualities that the next generation of Silicon Valley companies will—and should—share in order to succeed. 1. Sustainable long-term growth.
After a rollercoaster week for Silicon Valley Bank’s customers, some prominent voices in the tech world are now publicly saying they will keep their money with the embattled lender – and they ...
Hundreds of Silicon Valley venture capitalists from across the political spectrum have pledged support for Harris. But a vocal group of billionaires said they'll do what's needed to get Trump elected.
Silicon Valley is America’s innovation capital, but lenient remote work policies and a spate of layoffs have fueled an exodus of workers and cleared the way for rising investment in other tech ...