On Sunday (12th), the financial regulator of New York State in the United States closed thecryptocurrencyRelated bank Signature Bank, to prevent the contagion of the banking crisis triggered by the collapse of Silicon Valley Bank (SVB). The New York State regulatory agency stated that all depositors will be able to get back all their deposits … Read more
A few days before the FDIC’s announcement, there was no significant indication of the more significant problems of the sixteenth largest lender in America with assets of around two hundred billion dollars. Although the financial situation of the bank has worsened over the past few years, the management tried to save the situation, especially by … Read more
The US government wants to prevent the bankruptcy of US bank Silicon Valley Bank (SVB) from causing contagion to the rest of the banking system, US Treasury Secretary Janet Yellen said on Sunday, who nevertheless ruled out a bailout of the establishment. . “We want to make sure that the problems that affect one bank … Read more
The failure of Silicon Valley Bank is creating a domino effect within the US economy. The last piece is the one posed by the tycoon Elon Musk who is “open to the idea” that Twitter buys the Silicon Valley Bank which suddenly went bankrupt on Friday. On Twitter about the bankruptcy, in fact, in response … Read more
Es is no less than the biggest bank collapse in the USA since 2008. The Silicon Valley Bank, so to speak the house bank of the start-up scene, was forced to close on Friday. Because customers withdrew deposits en masse, the bank stumbled. The problems of the SVB pulled down the papers of all banks … Read more
“Prof. Dr. Narumon” pointed out that the bank Silicon Valley in the US collapsed due to lack of diversification. Too much money to buy government bonds When interest rates rise, bond prices fall. When customers flock to withdraw money, they have to sell bonds at a loss. Even if it doesn’t have a wide impact … Read more