Silicon Valley Bank | Zee News

Advertisement

NewsSilicon Valley Bank

Silicon Valley Bank News

27 Mar 2023

First Citizens Bank Acquires Deposits And Loans Of Failed Silicon Valley Bank

The 17 former branches of Silicon Valley Bank will now open as First-Citizens Bank and Trust Company starting today.

FM Nirmala Sitharaman

25 Mar 2023

FM Reviews PSBs Performance Amid Stress In US Fin Systems; Details Inside

During the two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the SVB and Signature Bank.

17 Mar 2023

Indian Startups Have Deposits Of About $1 Billion In SVB, Minister Says

Hundreds of Indian startups had more than a billion dollars of their funds in SVB, according to his estimate, Chandrashekhar said. Chandrashekhar met more than 460 stakeholders this week, including startups affected by SVB's closing, and said he had passed on their suggestions to Finance Minister Nirmala Sitharaman.

Silicon Valley Bank

14 Mar 2023

SVB Crisis: Will Collapse Of The US Bank Impact Indian Start-Ups And Banking?

SVB collapse predicts result in a long funding winter for the Indian startups. Many start-ups at their early and mid-level have been funded by the SVB’s incubation fund like Y-Combinator. Two days after the collapse of the Silicon Valley Bank, another US lender, Signature Bank was shut down on Sunday by the Federal Deposit Insurance Corporation (FDIC).

Joe Biden speech

14 Mar 2023

Joe Biden Comments on collapse of Silicon Valley Bank and Signature Bank

In America, 2 banks have crashed within 1 week. The first is Silicon Valley Bank and the second is Signature Bank. US President Joe Biden's statement on the lockout of banks has come to the fore

13 Mar 2023

DNA: 'Banking Crisis' in America

America, the world's superpower, is currently troubled by the bankruptcy of its two big banks. After 15 years, once again a big baking crisis has come in America. See the DNA test of America's banking crisis.

US President Joe Biden

13 Mar 2023

'Your Deposits Will Be There When You Need Them': Joe Biden ON SVB Crisis

US regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once.

Silicon Valley Bank

13 Mar 2023

FDIC Nominated Fannie Mae's Former CEO, Tim Mayopoulos, To Lead SVB

Before joining fintech Blend, Mayopoulos spent more than six years as the CEO of mortgage financier Fannie Mae.

Signature Bank Crisis

13 Mar 2023

Signature Bank 2nd Lender To Fail In Last Three Days, 3rd Largest Bank Failure

The US Treasury Department and other bank authorities declared in a joint statement that "no losses will be borne by the taxpayer" and that all of the depositors of Signature Bank and Silicon Valley Bank will get full compensation.

Silicon Valley Bank

13 Mar 2023

HSBC Buys UK Division Of Silicon Valley Bank

The FCA and PRA have given HSBC its approval.

13 Mar 2023

US Bails Out Silicon Valley Bank Depositors, Says Will Get Their Money Back

Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer, said a joint statement.

Rajeev Chandrashekhar

12 Mar 2023

MoS IT Chandrasekhar To Meet Start-Ups To Assess SVB Collapse Impact

Industry watchers expect a quick takeover of the bank as it has enough assets that can be liquidated to return money to the clients.

Silicon Valley Bank

12 Mar 2023

Y Combinator Estimates 1 Lakh Jobs At Risk Due To SVB Collapse

The petition seeks the attention of the government to provide relief for the immediate impact the SVB collapse has on small businesses, startups, and their employees.

Silicon Valley Bank

12 Mar 2023

SVB Crisis: MoS Rajeev Chandrasekhar To Meet With Head Of Indian Startups

The SVB crisis is the largest bank failure in the US history since the financial crisis of 2008, whose ripple effects have been felt across the world.

11 Mar 2023

Here Are 5 Financial Crisis In Past That Shook The World

The Silicon Valley Bank (SVB) crisis has hit the US and global market badly with billions of dollars have been stranded across the world. The SVB had been shutdown by US authority after the technology-startups bank's stocks plunged drastically after facing liquidity crunch. Earlier, financial crisis grabbled the world's economies, causing wipe out of billions of dollars. Here are some prominent financial crisis of the past.

Silicon Valley Bank

11 Mar 2023

Silicon Valley Bank Becomes Largest Failure Since 2008 Financial Crisis

Companies such as video game maker Roblox Corp and streaming device maker Roku Inc said they had hundreds of millions of dollars in deposits at the bank. Roku said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading.

Silicon Valley Bank

11 Mar 2023

The Silicon Valley Bank Crisis Hit US Badly; What Are Causes Of Disaster?

The Silicon Valley Bank (SVB) was known to be a major source of funding for technology startups when other options like Initial Public Offering (IPO) aren't available amid liquidity crunch.

Loading...

NEWS ON ONE CLICK