SVB

USA

How does a bank collapse in 48 hours? A timeline of the SVB fall | CNN Business

[ad_1] New York CNN  —  This week, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered…

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Technology

Founders fear that the collapse of SVB, which had branches in the UK, Canada, China, Germany, India, Israel, and more, could wipe out startups around the world (Thomas Seal/Bloomberg)

[ad_1] Thomas Seal / Bloomberg: Founders fear that the collapse of SVB, which had branches in the UK, Canada, China,…

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Business

Ad-Tech Firm in Canada Has Over 90% of Its Cash Tied Up in SVB

[ad_1] Article content (Bloomberg) — The failure of SVB Financial Group dealt another blow to Canadian advertising-tech firm AcuityAds Holdings…

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Los Angeles

How does a bank collapse in 48 hours? A timeline of the Silicon Valley Bank fall

[ad_1] This week, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in…

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Stock Market

SVB Fallout Spreads Around the World as UK Firms Plead for Help

[ad_1] (Bloomberg) — The fallout from the collapse of Silicon Valley Bank is starting to spread around the world. Most…

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Technology

Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5% of its $3B cash and securities balance was held at SVB as of Feb. 28 (Sarah Perez/TechCrunch)

[ad_1] Sarah Perez / TechCrunch: Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5%…

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Stock Market

Where Were the Regulators as SVB Crashed?

[ad_1] Silicon Valley Bank’s failure boils down to a simple misstep: It grew too fast using borrowed short-term money from…

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Technology

Coinbase says it is "temporarily pausing" conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle's SVB exposure (Bloomberg)

[ad_1] Bloomberg: Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90…

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Technology

Filing: SVB investors and depositors tried to pull $42B on March 9; the bank had a negative cash balance of $958M on March 9, per an order for taking possession (Austin Weinstein/Bloomberg)

[ad_1] Austin Weinstein / Bloomberg: Filing: SVB investors and depositors tried to pull $42B on March 9; the bank had…

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Technology

Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to participate in the USDC gift distribution to make up for negative market sentiment (Frank Chaparro/The Block)

[ad_1] Frank Chaparro / The Block: Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to…

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