CRYPTO’S second-largest stablecoin rebounded towards its intended US$1 dollar peg, as issuer Circle Internet Financial pledged to cover any shortfall in US$3.3 billion of reverses held at collapsed Silicon Valley Bank (SVB).
THE surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.
SILICON Valley Bank (SVB) chief executive officer Greg Becker sold US$3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failure.
SILICON Valley Bank Financial Group’s (SVB) UK unit is likely to be declared insolvent after the collapse in the US of the Silicon Valley Bank parent.
REGULATORS have long warned that the end of rock-bottom interest rates could cause sudden crises in unexpected corners of global finance.
STARTUP-FOCUSED lender SVB Financial Group is looking to sell itself after an attempt to raise capital through a stock sale failed, CNBC reported on Friday (Mar 10).
SVB Financial Group’s was exploring options, including a sale, after its efforts to raise capital through a stock sale failed, sources familiar with the matter said on Friday (Mar 10), as a crisis at the tech-heavy lender rippled through global markets and hit banking stocks.
GOVERNMENT bonds across the eurozone rallied on Friday (Mar 10), winning a reprieve from rate-rise expectations for now as a sell-off in US bank stocks boosted demand for safe-haven assets.
SVB Financial Group shares sank as much as 47 per cent on Friday (Mar 10) as prominent venture capitalists recommended companies withdraw their money from the lender, sparking further worries over its financial health and liquidity in the wider banking sector.
THE startup world was thrown into chaos on Thursday (Mar 9) when a lender little-known outside of Silicon Valley sparked a wave of panic in tech circles that dragged down banking shares around the world.












