Analysis: Silicon Valley Bank customers will wake up today with access to their money. That may avert turmoil in financial markets today, but scrutiny of the high-stakes weekend drama is likely just beginning in Washington.
Authorities said they were also extending protection to depositors of a second bank,, which state regulators closed on Sunday as unease in the financial sector appeared to spread.
The move comes after an uncertain weekend full of briefings for members of Congress and congressional staff about the collapse of SVB. There will be another briefing for lawmakers this morning. urging him to adhere to the 2018 law and not increase capital requirements — which dictate how much of a buffer banks should hold to guard against losses — for midsize banks.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Weiterlesen »
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank.
Weiterlesen »
Stock Market Today: Regional Bank Shares Tumble After Regulators Announce Silicon Valley Bank PlanRegional bank shares slid premarket and investors piled into the safety of bonds after regulators tried to limit the damage from Silicon Valley Bank's collapse
Weiterlesen »
Analysis: Silicon Valley Bank's fall widens systemic cracks as cheap money vanishesCracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets may be on the cusp of a reckoning.
Weiterlesen »
Bank of London weighs rescue bid for Silicon Valley Bank's UK arm - Sky NewsBritish clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S. bank Silicon Valley Bank , Sky News reported on Saturday.
Weiterlesen »
Bank of London weighs rescue bid for Silicon Valley Bank's UK arm, Sky News reportsBritish clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S. bank Silicon Valley Bank , Sky News reported on Saturday.
Weiterlesen »