Silicon Valley

According to reports, the Wall Street Journal stated that the Federal Reserve is rethinking the loophole in covering up losses on securities held by banks in Silicon Valley; There

According to reports, the Blockchain Association has made a further request under the Freedom of Information Act (FOIA) to investigate allegations of de banking that may have impro

According to reports, JPMorgan Chase CEO Damon stated in an interview that relaxing banking regulation during the Trump administration was not the main cause of the current banking

According to reports, a spokesman for the Federal Reserve confirmed that the Federal Reserve\’s internal regulators have launched an investigation into the bankruptcy of banks in Si

On March 16th, it was reported that the number of customers and deposits of several American digital banks has surged after the collapse of Silicon Valley banks, including the San Francisco based digital bank Mercury, which has increased deposits by over $2 billion and thousands of customers in the past six days. Brex, a financial institution that provides commercial bank accounts, has added 3000 new customers and billions of dollars in new deposits in the past week (the institution declined to provide specific amounts). Brex has also provided loans to former Silicon Valley bank customers to help them pay their salaries. New York digital banks Meow and Rho have seen a surge in new customers, with “daily demand for hundreds of millions of dollars” of government bonds in the past week. Since last Thursday, financial institution Arc has applied for salary financing totaling more than $150 million for 500 startups. Forbes: The number of customers and deposits in multiple US…

It is reported that the Federal Reserve will investigate its supervision of banks in Silicon Valley and release its findings on May 1; Federal Reserve Vice Chairman Barr will lead the investigation; Federal Reserve Chairman Powell said that a rapid and in-depth investigation was needed around the issue of the Bank of Silicon Valley. The Federal Reserve will investigate its supervision of banks in Silicon Valley Analysis based on this information:The Federal Reserve has announced that it will be investigating its supervision of banks operating in Silicon Valley. The findings of this investigation are expected to be released on May 1st, with Federal Reserve Vice Chairman Barr leading the effort. According to Federal Reserve Chairman Powell, a rapid and in-depth investigation is crucial due to the Bank of Silicon Valley’s pressing concerns. The scrutiny will be directed at how well the Federal Reserve handled risks posed by the banks in that region. This is particularly concerning, given the current level…

According to reports, according to Bloomberg News, Ken Griffin, the founder of Citadel Investment Group, a US hedge fund giant, participated in the Silicon Valley bank rescue plan. His emergency support for the US financial system was supported and praised by many well-known investors, including Larry Summers and Bill Ackman. It is reported that Ken Griffin is a critic of the Biden government and a Republican donor. Bloomberg: Hedge fund giant Ken Griffin participated in the Silicon Valley bank rescue plan Analysis based on this information:According to Bloomberg News, Ken Griffin, the founder of Citadel Investment Group, came forward to participate in the Silicon Valley bank rescue plan. Such a move was seen as an emergency support for the US financial system, earning praises from well-known investors such as Larry Summers and Bill Ackman. The Silicon Valley Bank rescue plan is an initiative that aims to stimulate growth and innovation in the area of technology and entrepreneurship. The plan consists…

On March 14, it was reported that the regional banks in the United States were severely affected by the bank incident in Silicon Valley. On Monday, the share price of Western Alliance Bancorp plunged by more than 80% before the market; The share price of First Republic Bank plummeted 78%, and the share price of PacWest Bancorp fell 53%. Former Chairman of FDIC: Affected by the bank events in Silicon Valley, more banks will go bankrupt in the future Analysis based on this information:The recent bank incident in Silicon Valley has caused severe repercussions for regional banks in the United States. The shares of many regional banks plummeted by more than 50% after the news of the incident broke out. The ramifications of the incident were clearly visible on the shares of Western Alliance Bancorp, First Republic Bank, and PacWest Bancorp, which suffered the most significant losses after the event. On Monday, the share price of Western Alliance Bancorp saw…

It is reported that a few days ago, it was reported that Oak Capital and other hedge funds planned to purchase the assets of Silicon Valley banks at a discount. Oak Capital responded to the reporter on the evening of March 13, Beijing time, “no comment”. Oak Capital:; Proposed to purchase the assets of Silicon Valley Bank at a discount" No comment on the news Analysis based on this information:According to recent reports, Oak Capital, along with other unidentified hedge funds, has shown signs of interest in purchasing the assets of Silicon Valley banks at a discount. This move demonstrates the financial pressure currently faced by many banks in the Silicon Valley area, most notably as a result of the ongoing pandemic, which has negatively impacted the global economy. While the exact identity of the other hedge funds in question have not been revealed, the decision of Oak Capital to provide “no comment” when questioned could indicate that talks or…

On March 13, it was reported that the impact of the bank explosion in Silicon Valley was spreading rapidly. Biden tweeted about the bank trust crisis on the evening of the 12th local time to boost American confidence. Biden first forwarded the report of the New York Times and tweeted, “Under my instructions, Secretary Yellen and the director of my National Economic Commission cooperated with the banking regulators to solve the problems of banks and signature banks in Silicon Valley. I am glad that they have reached a solution to protect workers, small businesses, taxpayers and our financial system.” Biden: The American people and American enterprises can rest assured that their bank deposits will appear when they need them Analysis based on this information:On March 13, reports came in stating the impact of the bank explosion in Silicon Valley was spreading rapidly. The previous evening, on March 12th, Biden took to Twitter to address the issue and subsequently boost American…

It is reported that according to the SEC documents of the United States, Silicon Valley banks have signed exclusive clauses with some customers to limit their ability to obtain banking services from other institutions. These contracts are different in terms of language and scope, making it impossible for these customers to safely distribute their funds to different places. Silicon Valley Bank has signed exclusive terms with some customers Analysis based on this information:Recently, it has come to light that major banks in Silicon Valley have signed exclusive agreements with some of their customers. The agreements, which are reportedly stated in the Securities and Exchange Commission (SEC) documents of the United States, restrict customers’ ability to obtain banking services from any other institutions. In short, customers are bound to seek all their financial services from their Silicon Valley bank of choice. While the practice of exclusivity is not new to banking, the scope of the clauses and language of the agreement…

On March 13, US President Joe Biden said that he was pleased that the Ministry of Finance had quickly solved the problem of banks in Silicon Valley, and would continue to pursue the responsibilities of the relevant parties that caused the chaos, and planned to continue to strengthen the supervision of large banks. Biden: Relevant parties responsible for the “chaos” of banks in Silicon Valley will be investigated, and the supervision of large banks will be strengthened Analysis based on this information:US President Joe Biden recently praised the Ministry of Finance for promptly addressing the issue of banks in Silicon Valley, expressing his satisfaction and commitment to hold accountable the relevant parties that caused the turmoil. The chaos in question is likely the result of financial institutions in Silicon Valley being too big to manage on their own, leading to potential risks to the economy and taxpayers. The President’s plan to further strengthen the supervision of large banks is timely,…

It is reported that Bill Ackman, a billionaire investor, believes that the US banking regulator has messed up and should pay more attention to the bank before t

On March 12, according to the Financial Times, some depositors of Silicon Valley banks are trying to sell their deposits at a large discount to raise cash. According to the data of Cherokee Acquisition, the quotation of bank deposits in Silicon Valley that are not covered by insurance is between 55% and 65% on the 10th. According to the report, for some start-ups, it is their last resort to sell their deposits at a discount in order to pay their employees’ wages. A number of VCs said that they had contacted some start-ups and hoped to buy their deposits at a certain discount. Data shows that by the end of 2022, 96% of deposits in Silicon Valley banks were not covered by the Federal Deposit Insurance Corporation (FDIC). (CCTV Finance) Some Silicon Valley bank depositors seek to sell deposits at a discount Analysis based on this information:The news from CCTV Finance reveals an alarming trend of some depositors of Silicon…

It is reported that British Chancellor of the Exchequer Hunter said that the Bank of England believed that the failure of banks in Silicon Valley would not cause systemic risk. The British Chancellor of the Exchequer: The Bank of England believes that the failure of banks in Silicon Valley will not cause systemic risk Analysis based on this information:Amid concerns of the failure of banks in Silicon Valley, the British Chancellor of the Exchequer Hunter has reported that the Bank of England is not worried about any systemic risks that could arise as a result of such a failure. Hunter stated that the Bank of England had already assessed the possibility of such an event and was confident that the rest of the banking system would not be affected. The role of the Bank of England is to ensure the stability of the financial system in the UK by supervising and regulating banks and financial institutions. The Bank also acts…

According to reports, Watcher.guru revealed on social media that the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are considering settin

According to reports, the CEO of Tether, the stable currency issuer, said that it had no risk exposure in Silicon Valley banks.
Tether CEO: No risk exposure in

It is reported that the members of the United States Congress met with the Federal Reserve and the Federal Deposit Insurance Corporation to discuss the failure

It is reported that up to now, including Circle, the issuer of the stable currency USDC, BlockFi, the encryption lending institution, LayerZero Labs, the develo

It is reported that according to a regulatory document on Friday, investors and savers tried to withdraw $42 billion from Silicon Valley banks on Thursday, whic