Silicon Valley Bank

According to reports, market news: US SEC Chairman Gensler seeks to link the bankruptcy of Silicon Valley Bank and Signature Bank with cryptocurrency.
US SEC Chairman Gensler seeks

On April 11th, Massachusetts Senator Elizabeth Warren and New York State Representative Alexandria Ocasio Cortez wrote to the 14 largest depositors of Silicon Valley Bank on Sunday

On April 9th, it was reported that KPMG, responsible for providing audit services to Silicon Valley Bank, as well as underwriters of stocks or bonds of Silicon Valley banks such as

According to reports, BlackRock, the world\’s largest asset management company, is collaborating with the US government to sell $114 billion worth of securities linked to the collap

According to reports, according to a person familiar with the matter, Michael Cohen, Senior Managing Director of Silicon Valley Bank Securities, has resigned from the company and i

12:00-21:00 Keywords: Microstrategy, Silicon Valley Bank, Alibaba Cloud, Gucci
Overview of important developments in the evening of March 27
In today\’s digital age, businesses are

According to reports, Silicon Valley Bank has sold to First Citizens Bank, which will later take over $119 billion in deposits from Silicon Valley Bank. According to Crypto KOL, th

According to reports, people familiar with the matter said that First Citizens BancShares of the United States is in in-depth negotiations to acquire Silicon Valley Bank, and an ag

According to reports, Godwin Emefiele, President of the Central Bank of Nigeria (CBN), a recent review of the bond portfolio of Nigerian banks showed that financial institutions in

On March 23rd, Federal Reserve Chairman Powell said that after the collapse of Silicon Valley Bank (SVB), the Federal Reserve significantly reversed its efforts to reduce the size

On March 22, it was reported that even though Circle, the issuer of stable currency issued by USDC, withdrew its deposits trapped in a bank in Silicon Valley, customers continued t

On March 20th, the Federal Deposit Insurance Corporation of the United States extended the bidding window for the Silicon Valley Bank Transition Bank. The Federal Deposit Insurance

According to reports, people familiar with the matter said that US regulators are embarking on a split of Silicon Valley Bank (SVB) due to the failure to find a suitable buyer for the entire company. The Federal Deposit Insurance Corporation (FDIC) is currently seeking to sell the bankrupt bank in at least two parts. The Federal Deposit Insurance Corporation of the United States is reportedly pushing ahead with its plan to spin off banks in Silicon Valley Analysis based on this information:Silicon Valley Bank (SVB) is one of the leading financial institutions in the tech industry in the United States. It has been the go-to bank of many start-ups, venture capitalists, and entrepreneurs. However, its recent bankruptcy filing and the subsequent failure in finding a buyer for the entire company has put it under regulatory scrutiny by the Federal Deposit Insurance Corporation (FDIC). According to reports, insiders revealed that regulators are now considering a split of SVB into at least…

According to reports, people familiar with the matter disclosed that First Citizens BancShares of the United States is evaluating its acquisition offer for Silicon Valley Bank. People familiar with the matter said the First Citizen Bank of the United States, headquartered in Naroli, North Carolina, is one of the few potential buyers of the bankrupt Silicon Valley bank, and the offer will be closed on Sunday morning. Insider: First Citizen Bank of the United States is considering acquiring Silicon Valley Bank Analysis based on this information:According to reliable sources, the First Citizens BancShares of the United States is currently assessing the possibility of an acquisition offer for the Silicon Valley Bank. Arising from financial instability, the Silicon Valley bank has been proactively attempting to explore acquisition options from other financial institutions. First Citizens BancShares is one of the few potential buyers of the Silicon Valley Bank, based in North Carolina, United States. Sources revealed that negotiations and discussions between both…

According to reports, Patrick McHenry, the chairman of the Financial Services Committee of the United States House of Representatives, a Republican from North Carolina, and Maxine Waters, a Democratic leader from California, stated in a joint statement on Friday that the House team plans to hold its first hearing on the collapse of Silicon Valley Bank (SVB) and Signature Bank on March 29, committed to “identifying the root causes of failure.”, Witnesses present will include Martin Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), and Michael Barr, Vice Chairman of the Federal Reserve for Regulation. “The hearing will allow us to begin to understand the reasons and ways in which these banks have failed,” the statement said. The US House of Representatives panel plans to hold its first hearing on the collapse of SVB and Signature on March 29 Analysis based on this information:The House Financial Services Committee, led by both Republican Chairman Patrick McHenry and Democratic Leader Maxine…

According to reports, US regulators are considering holding securities under the names of Signature Bank and Silicon Valley Bank that have fallen below their purchase price, a move that will remove one of the possible obstacles to selling these two banks. According to people familiar with the matter, this is a routine practice after the Federal Deposit Insurance Corporation (FDIC) took over the bank, mainly facilitating the conclusion of acquisition transactions. Because if it involves assets with declining value, it will be more difficult to sell the relevant banks. People familiar with the matter said that the relevant asset size of Signature may be between $20 billion and $50 billion, and that of Silicon Valley banks may be between $60 billion and $120 billion. Both Silicon Valley banks and Signature have invested in bonds at low interest rates, and the value of these bonds has plummeted as the Federal Reserve has raised interest rates several times over the past year…

It is reported that in the recent week, the US banking industry has borrowed a total of $164.8 billion from the Federal Reserve through two credit facility instruments, highlighting the increasing tension in funding after the collapse of banks in Silicon Valley. According to data released by the Federal Reserve, the amount of funds lent by the Federal Reserve through the discount window reached a record $152.85 billion in the week ended March 15, up from $4.58 billion in the previous week. The last record high was $111 billion set during the 2008 financial crisis. The data also shows that the Bank Term Funding Program launched by the Federal Reserve on Sunday lent a total of $11.9 billion. From these figures, it can be seen that the US banking system is still fragile and has not yet fully emerged from the plight of deposit funds moving after the collapse of Silicon Valley banks and Signature Bank. The balance of other…

According to reports, Silicon Valley Bank (SVB) filed for Chapter 11 bankruptcy protection in New York. SVB Financial Group stated that the Group has approximately US $2.2 billion in liquidity, and the financial team is evaluating strategic options. Subsidiaries filing for bankruptcy do not include SVB Securities and SVB Capital. Silicon Valley Bridge Bank (N.A) was not included in bankruptcy protection proceedings. (Jin Shi) SVB filed Chapter 11 bankruptcy protection in New York Analysis based on this information:Silicon Valley Bank (SVB) has filed for Chapter 11 bankruptcy protection in New York, according to reports. The bank’s parent company, SVB Financial Group, has stated that it has around $2.2 billion in liquidity and that its financial team is evaluating strategic options. This move has been made as a result of the economic impact of the coronavirus pandemic, which has resulted in a sharp decline in many businesses’ revenues. SVB has become a leading provider of financial services to the technology sector…

It is reported that the collapse of Silicon Valley Bank (SVB) has led to a significant flow of funds from the Centralized Exchange (CEX) to the Decentralized Exchange (DEX). Chainalysis, a blockchain analysis company, explained in a blog post on March 16th that when markets are volatile, capital outflows from centralized exchanges typically surge, as users may worry that they will not be able to use their funds in the event of an exchange failure. Chainalysis: After the collapse of the Silicon Valley bank, crypto users turned to DEX, and the purchase volume of USDCs on DEX surged Analysis based on this information:In today’s digital era, the cryptocurrency market has made a significant impact on the economy. The collapse of a bank can have a ripple effect on the crypto industry. In this context, it is reported that the collapse of Silicon Valley Bank (SVB) has triggered a shift in funds from centralized to decentralized exchanges. According to Chainalysis, a…

According to reports, market news: The Federal Deposit Insurance Corporation (FDIC) is focusing on Friday’s bid for Signature Bank and Silicon Valley Bank (SVB). US FDIC is focusing on Friday’s bid for Signature Bank and Silicon Valley Bank Analysis based on this information:The Federal Deposit Insurance Corporation (FDIC) has recently expressed interest in Friday’s bid for Signature Bank and Silicon Valley Bank (SVB). This event has gained attention in the financial industry, resulting in the production of multiple reports covering the topic. FDIC’s interest in this acquisition bid raises several questions among industry experts. The agency’s role is primarily centered on providing insurance to depositors in the event of bank failures and overseeing the resolution of failing banks. Therefore, the agency’s involvement in this acquisition could imply potential risks on the part of the two banks. Signature Bank is a commercial bank headquartered in New York City, with branch locations in the metropolitan area, Connecticut, and California. The bank caters…

It is reported that the source revealed that the African cross-border payment platform Chipper Cash, supported by the Silicon Valley Bank (SVB) and the Cryptocurrency Exchange FTX, is weighing various options, including exploring the sale or finding new investors. Chipper Cash received a US $250 million financing led by FTX and SVB in 2021. FTX invested a total of US $40 million in it, and SVB owned 2% of its equity. At that time, its valuation was about US $2 billion. (Bloomberg) Chipper Cash is considering selling and has been invested by Silicon Valley Bank and FTX Analysis based on this information:African cross-border payment platform, Chipper Cash, is considering various options following the $250 million financing it received earlier this year from cryptocurrency exchange, FTX, and Silicon Valley Bank (SVB). The company is exploring the possibility of finding new investors or selling the firm. Chipper Cash has been expanding its reach in the African continent’s online payment industry, by enabling…

It is reported that the market turbulence caused by the collapse of the Silicon Valley Bank briefly led to the breaking of the link between the USDC stable currency of Circle and the US dollar. In response, the management team of the stable currency issuer has called on the US Congress to urgently pass the stable currency legislation. In an interview with Jennifer Schonberger of Yahoo Finance, Maxine Waters, chairman of the House Financial Services Committee, said that the legislation might be passed in a few days, and suggested that the delay was due to the fear of which party would control the House of Representatives. US Congressman: The US may pass the stable currency legislation in a few days Analysis based on this information:The recent collapse of the Silicon Valley Bank caused a brief disruption in the stability of the USDC stable currency, leading to calls for urgent legislation to mitigate market turbulence. The management team of Circle, the…

It is reported that Becker, the chief executive of Silicon Valley Bank, has sold nearly US $30 million of shares in the past two years, triggering new doubts about the sale of shares by insiders of the bank. Becker sold $3.6 million worth of shares on February 27, and just a few days later, the bank disclosed a huge loss, which triggered the decline and collapse of the share price. According to Smart Insider, Becker has sold a total of 29.5 million shares in the past two years. Other executives of Silicon Valley Bank, including the chief marketing officer and chief financial officer, have also sold shares worth millions of dollars since 2021. The bank’s executives and directors have cashed out a total of $84 million worth of shares in the past two years. The executives of Silicon Valley Bank cashed out $84 million of shares in two years, raising doubts Analysis based on this information:The recent sale of shares…

It is reported that according to NBC News, an internal document shows that Silicon Valley Bank laid off about 100-120 employees in January, accounting for about 1.4% of the bank’s 8500 employees. The layoffs mainly focus on non-customer-oriented positions in recruitment. Silicon Valley Bank has laid off 100-120 employees in January Analysis based on this information:Silicon Valley Bank, a U.S. financial institution that specializes in technology and innovation sectors, has reportedly laid off around 100-120 employees in non-customer-oriented positions. According to an internal document cited by NBC News, the job cuts account for about 1.4% of the bank’s total workforce of 8500 employees. The bank, which provides financial services to startups, investors, and tech giants, has not officially confirmed the layoffs, but there have been reports of affected employees sharing their experience on LinkedIn and social media. The news of Silicon Valley Bank layoffs is not entirely surprising given the ongoing pandemic and economic uncertainty. Financial institutions and companies with…

It is reported that according to market news, ARES Asset Management Company (ARES) is considering acquiring a small part of loan assets of Silicon Valley Bank. Market news: ARES is considering acquiring a small portion of loan assets of Silicon Valley Bank Analysis based on this information:According to market news, the ARES Asset Management Company (ARES) is contemplating the idea of acquiring a small part of the loan assets owned by the Silicon Valley Bank. This news has sparked interest among investors and industry watchers alike. ARES, a global alternative asset management company, already has considerable experience in investing in assets such as direct lending, real estate and private equity. The acquisition of loan assets from Silicon Valley Bank would further strengthen ARES’ position in this market. The Silicon Valley Bank is one of the most reputed banks in the United States, with a portfolio that includes investments in emerging businesses in the technology and life sciences sectors. The bank’s…

According to reports, the meta universe gaming platform Roblox announced that they were unable to successfully withdraw $150 million of company funds before the collapse of the Silicon Valley bank. However, Roblox stated that as of February 28, 2023, only about 5% of Roblox Corporation’s total $3 billion in cash and securities balances were held by Silicon Valley banks. Therefore, regardless of the final outcome and processing time, this situation at Silicon Valley banks will not affect the daily operations of the company. According to the latest news, due to the intervention measures taken by the US government to protect depositors’ accounts, Roblox will be able to recover all of its US $150 million corporate funds held in Silicon Valley banks in the future. Its recent stock price has risen by 10% compared to last Friday. （Nftevening） Roblox: Failed to successfully withdraw $150 million of corporate funds before the collapse of the Silicon Valley bank Analysis based on this information:Roblox,…