March 13, 2023 The Federal Deposit Insurance Corporation (“FDIC”) today (Match 13, 2023) transferred all deposits—both insured and uninsured—and substantially all assets of the former Silicon Valley Bank (“SVB”) to Silicon Valley Bank, N.A (the “Bridge Bank”) a newly created, full...
"Today's transaction included the purchase of about $72 billion of Silicon Valley Bridge Bank, National Association's assets at a discount of $16.5 billion," FDIC officials said ina press release. MORE: A timeline of the Silicon Valley Bank collapse Seventeen...
clean energy and other industries in response to fresh U.S. tariffs, refraining from the outright export bans Beijing has previously used against Washington. The restrictions were the latest attempt by China since 2023 to leverage its dominance in mining and processing critical minerals used in ever...
by Wolf Richter • Mar 8, 2023 • 160 Comments In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours. By Wolf Richter for WOLF STREET. In a tersely worded press release this afternoon, Silvergate Capital, ...
co-heads will report to Massimiliano Ruggieri, Morgan Stanley’s head of investment banking in Europe, the Middle East, and Africa, according to a recent memo seen by Bloomberg. They will replace Patrick Delivanis who took over as co-chief of the bank’s broader regional franchise in 2023....