Silicon Valley Bank

What Happened? So…is SVB still a company or not? Has the FDIC actually guaranteed deposits? If so, how did they do this without printing money and taxpayers ponying up? Back of the envelope math here, but wasn’t there like a $50B+ hole that needed to be filled once the bank…

2 1/2 Beacon Street, Concord, New Hampshire is the registered address for Boston Private Bank which is directly connected to Silicon Valley Bank. 2 1/2 Beacon Street, Concord, New Hampshire also happens to be the registered address for a company in Hong Kong that is called “Morning Gate CASA NH.”…

Greetings Enthusiasts, The recent weeks have been tumultuous for the Web3 ecosystem, with the banking system facing collapse and the increasing popularity of Bitcoin, among other noteworthy events. We present to you your weekly allocation of current events. First Citizens Acquires Silicon Valley Bank Branches; Opens Doors Monday First Citizens Bank expands its market presence with the acquisition of several Silicon Valley…

Will the Fall of SVB Be the Death Knell of the American Empire? By Maya Marisa Joelson Recent failures of high-profile banks and related contagion could have huge ramifications for the American economy and Empire. During the Roman Empire, the Ides of March — March 15 — was the time…

On March 27th, 2023, First Citizens Bank announced its acquisition of Silicon Valley Bank (SVB) after the bank’s failure. The deal includes First Citizens Bank taking on the deposits and loans of the failed SVB for a discount of $16.5 billion, with the FDIC keeping another $90 billion in securities…

If your business banked with Silicon Valley Bank then count yourself as very, very lucky. (This column originally appeared in The Guardian) Yes, your bank failed to protect your money. Its managers made unwise investment decisions, it was poorly supervised and poorly regulated. But you still got your money back. True, there were some scary moments. Customers had their accounts frozen. Merchants at Etsy and…

Blaming the SVB collapse on working from home Employees are blaming the Silicon Valley Bank collapse on remote work. Listen to Gene discuss this topic with John here.