SVB Financial News

12.03 / 02:41

Binance Digital VISA Tether coinbase SVB SVB Collapse Sparks Stablecoin Turmoil as USDC Loses Peg

USDC, a stablecoin linked to the dollar, lost its peg to the U.S. currency amid a surge of investor withdrawals after its founder, Circle Internet Financial Ltd., said it had $3.3 billion invested in the collapsed Silicon Valley Bank.

12.03 / 01:39

CEO SVB Takeover Silicon Valley Bank employees received bonuses hours before government takeover

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12.03 / 00:47

COST UPS Provident Digital SVB Etsy warns sellers of delay in processing payments due to Silicon Valley Bank collapse

Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments, according to an email from the company shared with NBC News.

12.03 / 00:41

Action Assurant Pool BNI SVB Circle will cover funds shortfall caused by Silicon Valley Bank collapse

Circle – the company issuing leading stablecoin, USDC – has issued another statement on the state of its cash reserves stuck with Silicon Valley Bank (SVB). The USDC issuer stated that there was a possibility of the firm not gaining back 100% of the funds. Moreover, it could take time for the company to get them back. And, this is because the “FDIC issues IOUs (ie.e., receivership certificates) and advanced dividends to deposit holders.”

11.03 / 22:21

UPS Waves Twitter CEO Fighting SVB Investors implore the government to step in after Silicon Valley Bank failure

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11.03 / 21:19

Fallout SVB ‘We need a plan for Monday’: UK authorities scramble to stem Silicon Valley Bank fallout

On 10 March, Silicon Valley Bank's UK boss Erin Platts told a Zoom call with investors the bank was "doing the best that it can" to support them.

11.03 / 14:57

UPS Ethereum Tether USDT coinbase SVB Bitcoin USDC stablecoin How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger

USDC stablecoin is depegging – and at an alarming rate – falling to as low as $0.89, way off its $1 peg.

11.03 / 14:35

BTC Action CryptoQuant SVB Silver fall Bitcoin: Fall of Silicon Valley Bank might be a silver lining for BTC, here’s why

Fear, uncertainty, and doubt (FUD) about Bitcoin stemming from the collapse of a single bank contributed to its downward trend earlier this week.

11.03 / 10:43

Blockchain UPS Binance CoinMarketCap coinbase SVB Silicon Valley Bank leaves USDC bleeding- Will it impact Stablecoin market?

USD Coin [USDC], lost its dollar peg on some exchanges, over concerns that reserves backing the second-largest stablecoin by market cap, were stuck in the failed Silicon Valley Bank (SVB).

11.03 / 02:39

Ripple Williams Action Chase SVB Companies scramble to meet payroll, pay bills after SVB's swift failure

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11.03 / 00:29

UPS Provident Twitter CEO Action SVB shock Silicon Valley investors and founders express shock, describe struggles to get money out of SVB

Venture capitalists and technology executives are scrambling to make sense and account for the potential repercussions of the sudden implosion of Silicon Valley Bank on Friday.

11.03 / 00:29

UPS IPO Waves Action Fallout SVB Here's how the second biggest bank collapse in U.S. history happened in just 48 hours

On Wednesday, Silicon Valley Bank was a well-capitalized institution seeking to raise some capital.

10.03 / 20:43

JPMorgan Chase Exodus SVB Fintech startup Brex got billions of dollars in Silicon Valley Bank deposits Thursday, source says

Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned.

10.03 / 20:15

SVB Silicon Valley Bank closed down by regulators

Silicon Valley Bank was closed down by the California Department of Financial Protection and Innovation on 10 March, according to a news release by from the Federal Deposit Insurance Corporation.

10.03 / 20:01

NASDAQ JPMorgan SVB Banks including JPMorgan, Charles Schwab, see $52bn rout on SVB’s deposit losses

Investors dumped shares of SVB Financial Group and a swath of US banks after the tech-focused lender said it lost nearly $2bn selling assets following a larger-than-expected decline in deposits.

10.03 / 20:01

SVB Short-sellers make $600m in one day on Silicon Valley Bank crisis

Short-sellers have made millions by betting big against Silicon Valley Bank after its parent company SVB Financial Group suffered a multi-billion dollar hit in securities sales.

10.03 / 18:17

UPS Citi Provident Platform SVB Venture capitalists urge startups to withdraw funds from crisis-laden Silicon Valley Bank

Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, deepening fears of a run on the tech-focused bank.

10.03 / 17:29

Platform Strategy Oracle DocuSign SVB Zions Financial Stocks making the biggest moves premarket: SVB Financial, Allbirds, DocuSign and more

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10.03 / 17:29

SVB Financial Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say

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10.03 / 15:03

UPS ETF CEO JPMorgan Chase SVB Silicon Valley Bank drops another 45%, weighing on the bank sector again

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10.03 / 14:25

UPS Twitter BLOCK SVB Crypto VCs ask portfolios to pull funds from Silicon Valley Bank

Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling to reassure clients after moves to shore up its balance sheet spooked investors. The warnings arise as startups in the industry look for viable banking options.

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