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Nalezeno "Silicon Valley": 317

First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank

27.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Bitcoin, Ethereum Technical Analysis: BTC Consolidates Near $28,000, as First Citizen Agrees to Acquire Silicon Valley Bank

27.3.2023
Bitcoin started the week trading around the $28,000 mark, as markets reacted to the news that Silicon Valley Bank was to be acquired. First Citizen Bank agreed to buy approximately $72 billion in SVB assets, at a discounted rate of $16.5 billion. Ethereum continued to trade under $1,800 on Monday....

First Citizens to Buy Silicon Valley Bank's Deposits, Loans in $55.5B Agreement With FDIC

27.3.2023
Federal Deposit Insurance Corporation says the 17 former branches of Silicon Valley Bank will re-open as First Citizens Bank & Trust Company on Monday, March 27

Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday

27.3.2023
The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC)

First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg

27.3.2023
Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT

US contemplates 'expanding' emergency lending facility for banks: Report

26.3.2023
While the Federal Reserve liquidity offerings must be equally accessible to "all eligible users," unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits

US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor

25.3.2023
A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create...

Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

24.3.2023
The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money

Crypto Is the Solution to Bank Runs, Not the Cause

23.3.2023
Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds

'How did this happen' — Powell says Fed stumped over the collapse of SVB

23.3.2023
In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”

SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert

22.3.2023
The holding company needs access to the FDIC-locked funds in order to pay back its creditors and support its two external operations, says Kleinberg, Kaplan partner, Dov Kleiner

Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil

22.3.2023
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat

'Operation Choke Point 2.0' may have contributed to SVB collapse: Mulvaney

22.3.2023
While the existence of "Operation Choke Point 2.0" has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

22.3.2023
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S....