How could the Silicon Valley Bank collapse affect your bank deposits and the U.S. economy? Host CarlHigbie discussed the effects with Hillary Fordwich and Perry Kalajian on WakeUpAmerica Sunday.
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Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
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First Republic leads regional bank rout as Silicon Valley Bank crisis raises fears about bond lossesFirst Republic leads rout in regional banks as SVB crisis raises fears about bond losses
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Crypto bank Signature slides on Friday amid troubles at Silicon Valley Bank, SilvergateSignature Bank shares dropped as much as 32% on Friday and were halted amid a sell-off in bank stocks that continued for a second day.
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Regulators shut down Silicon Valley Bank in the biggest bank collapse in yearsThe move came after growing concerns over a run at the lender — the 16th largest U.S. bank and a tech-startup favorite — that also led investors to dump shares of other bank stocks.
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Washington is watching Silicon Valley Bank but does not see current troubles as systemic - bank analystsAfter Silicon Valley Bank disclosed large losses from securities sales and saw its stock plunge, the bank exposed to high-tech venture capital was closed by the California Department of Financial Protection and Innovation.
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Silicon Valley Bank shut down; FDIC creates new bank to protect insured depositorsThe Federal Deposit Insurance Corporation (FDIC) has seized the assets of Silicon Valley Bank Friday, the largest bank to fail since the 2008 financial meltdown, The Associated Press reported.
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