Serious weaknesses first found in 2021, New York Times reports; FDIC reportedly to relaunch SVB sale this week in two parts
The U.S. Federal Reserve had been worried about Silicon Valley Bank’s risky practices for more than a year before its collapse this month, the New York Times reported Sunday, and had repeatedly warned the bank.
Also... The U.S. Federal Reserve had been worried about Silicon Valley Bank’s risky practices for more than a year before its collapse this month, the New York Times reported Sunday, and had repeatedly warned the bank.
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Bank fail: How rising interest rates paved the way for Silicon Valley Bank's collapseSilicon Valley Bank invested billions of dollars in super safe U.S. government bonds. But that choice exposed to the bank to a whole other set of risks.
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Bank fail: How rising interest rates paved the way for Silicon Valley Bank's collapseSilicon Valley Bank invested billions of dollars in super safe U.S. government bonds. But that choice exposed to the bank to a whole other set of risks.
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Biden, DNC will give Silicon Valley Bank-tied donations tied to charityThe Democratic National Committee and President Biden’s 2020 campaign plan to rid themselves of political donations linked to the failed Silicon Valley Bank, the DNC said on Friday. Biden&82…
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The Silicon Valley Bank Contagion Is Just Beginning“The biggest message is for our politicians to realize this could be a contagion if it trickles to regional banks. It’s small tech. It’s not big tech that are our clients.” Via WIREDUK
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