Bank Crisis

  • Silicon Valley Bank Parent SVB Financial Officially Files For Bankruptcy

    March 17, 2023 – One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step: Today it announced that it has formally filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. SVB Securities, SVB Capital’s funds, and general partner entities are not included in the Chapter 11 filing. These businesses will continue to operate normally as SVB Financial Group proceeds…

    March 18, 2023
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  • The Ripple Effect: How a Banking Crisis Impacts the Investment Market

    The banking system is the backbone of any economy, facilitating financial transactions and providing credit to individuals and businesses alike. However, when a banking crisis occurs, it can have far-reaching effects beyond just the banking sector. One area that is particularly vulnerable is the investment market, which is closely linked to the health of the banking system. In this article, we will explore the ripple effect of a banking crisis on the investment market and the potential damage it could cause to the broader economy. Introduction: What is the Banking…

    March 14, 2023
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  • AP: After two historic US bank failures, here’s what comes next

    WASHINGTON (AP) — Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe. It’s all eerily reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago. Yet the initial pace this time around seems even faster. Over the last three days, the U.S. seized the two financial institutions after a bank…

    March 14, 2023
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