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SIlicon Valley Bank
11 top American banks rescue ‘vulnerable’ First Republic Bank with a contribution of $30 billion after the collapse of two banks
First Republic Bank underwent a liquidity crisis after customers moved billions of deposits out of the bank in distress.
Go woke, go broke: Silicon Valley Bank donated more than $73 million to BLM-related groups, its risk assessment head was busy with LGBTQ+ campaigns
Even while Silicon Valley Bank was collapsing, it's officials were busing in organizing pride marches and other LGBTQ campaigns
President Biden claims American banking system remains safe following collapse of two US banks, blames Trump administration for crisis
ANI -
Silicon Valley Bank and Signature Bank in America collapsed earlier this month which has raised concern among customers who hold their money in other similar-sized banks.
‘Those who invested in failed Silicon Valley Bank and Signature Bank won’t be protected. They knowingly took the risk’: US President Joe Biden
"They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works,” said Joe Biden.
HSBC acquires the UK arm of Silicon Valley Bank for a ‘symbolic’ 1 pound or Rs 99. Here is what we know so far
According to HSBC, SVB UK had a profit of £88m before tax for the financial year ending December 31 last year. It added that the bank had loans totalling £55 bn, deposits of around £7bn and tangible equity of around £1.4bn as of March 10, 2023.
Another massive bank failure in USA: Regulators shut down New York’s Signature Bank, two days after authorities forced Silicon Valley Bank’s closure
The decision to shut down New York-based Signature Bank came on the heels of Silicon Valley Bank's failure on Friday
Indian co-operative bank issues statement after some confuse it with ‘defunct’ US-based Silicon Valley Bank
The SVC co-operative bank has a total business of over ₹31,500 crores, 2300 employees and is spread across 11 States in India.
Investor Bill Ackman, who attacked Adani Group over Hindenburg report, now demands bailout from US govt for Silicon Valley Bank
Bill Ackman had earlier conceded that his judgment was based on the cursory reading of the Hindenburg Research report and Adani's response.
Days after being ‘proud to be on Forbes best banks list’, Silicon Valley Bank shuts down
On March 10, the Federal Deposit Insurance Corporation (FDIC) announced the shutdown of the US-based Silicon Valley Bank (SVB) and the seizure of its assets.
