Tag: Silicon Valley Bank

• Tuesday, March 28th 2023 - 10:30 UTC

  Relief in the financial sector, North Caroline bank takes over collapsed Silicon Valley bank

  

  The banking turmoil, and fears, seems to be easing as assets and loans of collapsed California Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares.

• Tuesday, March 14th 2023 - 13:51 UTC

  Following the failure of Silicon Valley Bank, the Fed and BoE have issued statements

  

  The Federal Reserve Board on Monday announced that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure. The review will be publicly released by May 1.

• Tuesday, March 14th 2023 - 09:52 UTC

  Biden says US banking system safe after Silicon Valley Bank collapse

  

  US President Joseph Biden said his country's banking system was “safe” in the aftermath of last week's collapse of Silicon Valley Bank, a California financial giant specialized in the technology sector. Biden insisted Monday that Americans can “trust that the banking system is safe,” and said he would seek to move forward with stronger regulations.