First-Citizens Bank & Trust Company has reached an agreement for the acquisition of all the deposits and loans of Silicon Valley Bridge Bank, the entity created by the Federal Deposit Insurance Corporation (FDIC) of the United States, after the intervention of the Silicon Valley Bank (SVB) on…
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Silicon Valley Bank
US Federal Reserve admits surprise at Silicon Valley Bank collapse
The US Federal Reserve admitted its surprise at the sudden collapse of Silicon Valley Bank, which was under its watch.
Fed Chairman Jerome Powell told a news conference after the Federal Open Market Committee meeting that he immediately…
The US will extend protection to banks in the face of the financial situation
The United States Secretary of the Treasury, Janet Yellen, is considering expanding the protection of depositors from other small entities under conditions similar to those of the intervention of Silicon Valley Bank (SVB) and Signature…
Sharon Stone claims she lost half her fortune to SVB bankruptcy
The bankruptcy of Silicon Valley Bank affects not only empires in the technology sector. Actress Sharon Stone claimed at a charity event on Thursday that half of her fortune was trapped in SVB.
During a fundraiser for cancer and HIV…
Circle reserves trapped in Silicon Valley Bank
The same day that Silicon Valley Bank was intervened due to liquidity problems, the cryptocurrency issuing company Circle announced that USD 3.3 billion of its reserves are withheld in the entity.
The company confirmed the news through…
Biden assures that the US banking system is safe
US President Joe Biden sent a reassuring message to the country's population about the safety of the US banking system. In a brief speech to the media, the president stressed that customer deposits at Silicon Valley Bank and Signature Bank…
US government intervenes in Silicon Valley Bank
The Federal Deposit Insurance Corporation (CFSD) intervened this Friday in Silicon Valley Bank (SVB), a financial institution that concentrates a large number of clients among technological 'startups'.
Customer withdrawals due to rumors…