All Strange Things About India and world
SVB failed after clients began pulling out their deposits, creating a run on the bank. (File)Washington: In a step aimed at protecting the US economy by strengthening public confidence in…
The US banking system remains resilient and on a solid foundation, the agencies said.Washington: US authorities unveiled sweeping measures Sunday to rescue depositors’ money in full from failed Silicon Valley…
New Delhi: US President Joe Biden today promised to take action against those responsible for the banking crisis in the country. His statement comes just hours after regulators closed Signature…
US regulators pulled the plug on SVB — a key lender to US startups since the 1980s. (File)Washington: President Joe Biden on Sunday vowed to hold “fully accountable” the people…
The Silicon Valley Bank primarily financed tech start-ups. (Representational)Silicon Valley Bank (SVB) recently celebrated making Forbes magazine’s annual ranking of the best banks in America. In a tweet on Monday,…
For banks that are FDIC-insured, only $250,000 per account is guaranteed. (Representational)New York: Silicon Valley Bank’s stunning collapse has led to the freezing of tens of billions of dollars stored…
USD Coin is listed as the second largest “stable” currency worldwide.New York: The supposedly “stable” cryptocurrency USDC fell sharply after the firm that created it, Circle, announced it holds $3.3…
The bank is expected to reopen on Monday under a new name. (Representational)London: The problems of the failed SVB bank were “specific to the firm” and had no “implications for…
Silicon Valley Bank collapse is the second-largest failure ever for a retail bank in the US.The collapse of the Silicon Valley Bank, a key lender to US startups since the…
Silicon Valley Bank was shut down on Friday.New Delhi: Silicon Valley Bank, known for lending money to some of the biggest technology startups, collapsed on Friday sending investors and depositors…