The Silicon Valley Bank (SVB), one of the largest financial institutions catering to startups and venture capitalists, recently faced a major crisis that could potentially damage the entire startup ecosystem. While the bank managed to secure a bailout, industry experts are warning that the impact of its collapse could be devastating for emerging businesses. In … Read more
Xinhua News Agency, Tokyo, March 14th (International Observation) Radical interest rate hikes impact the financial system and the Fed’s future operations may be hampered Xinhua News Agency reporter Liu Chunyan The emergency closure of Silicon Valley Bank shocked the world and triggered turmoil in global financial markets. Japanese media and experts pointed out that the … 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
Fear shook the New York Stock Exchange and stock prices tumbled on concerns about what would be next to go bankrupt under the weight of rising interest rates after the biggest US bank failure in nearly 15 years. The index Standard & Poor’s 500 fell 1.4 percent, capping its worst week since September. All this … 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