Tag: SVB Collapse

Credit Suisse Taken Down by Endless Stream of Scandals

March 21, 2023
banking crisisBusiness & MarketsCompaniesCredit SuisseInvestmentSVB CollapseSwiss banksUBS
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The collapse of Credit Suisse, the Swiss banking giant that ended its 167-year history on Monday morning in a state-sponsored takeover by rival bank UBS, was not the result of mismanaging liquidity or interest rate risk like Silicon Valley Bank, but rather death by a thousand self-inflicted cuts. The past decade featured an endless parade…

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Despite Turmoil in the Global Banking System, Canadian Banks Are in Relatively Good Shape

March 19, 2023
investment bankingOpinionSVB CollapseViewpoints
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Commentary The world economy has seemingly entered its first widespread financial crisis since 2008, despite initial assurances by our political leadership that “there is nothing to see here folks!” As is the case in all these crises, things are barely noticeable at first, and then things fall apart at a breathtaking pace. This has been…

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Did the Government Bail Out Silicon Valley Bank?

March 15, 2023
bailoutBusiness & MarketseconomyEpochTVInvestmentMarketsNTD BusinessSilicon Valley BankSVB CollapseUSVideo
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In the fallout of Silicon Valley Bank’s collapse, debate surrounds whether the government is bailing out the bank. Lance Roberts, chief investment strategist at RIA advisors, argues that ultimately, all the money used to support or to guarantee depositors or to support banks will come from taxpayers. He also says that we should let the…

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Silicon Valley Bank Customers Stand in Line for Hours at Santa Clara Location

March 14, 2023
Business & MarketsCaliforniaCompanieseconomyInvestmentMarketsNorthern Californiapersonal financeRegional & State NewsSilicon Valley BankSilicon Valley Bank CollapseState NewsSVBSVB CollapseUS
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SANTA CLARA, Calif.—Silicon Valley Bank (SVB) customers lined up for hours in front of the bank’s HQ location in Santa Clara on March 13 to access their funds. Depositors rushed to the bank after the Federal Deposit Insurance Corporation (FDIC) stated in a press release that all assets—both insured and uninsured—would be available for transfer…

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Rep. Mike Flood Calls for Answers on SVB Bank Collapse Before Jumping to New Regulations

March 14, 2023
Business & MarketsCompaniesde-regulationMike FloodPoliticsSVB CollapseUS
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Congressman Mike Flood (R-Neb.) is pushing back on calls for new regulations after the sudden collapse of the Silicon Valley Bank (SVB) last week, saying lawmakers first need a better understanding of what led to the bank’s failure. “We have to find out what was happening in Silicon Valley Bank; we need to find out…

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