Silicon Valley

According to reports, Joey Krug resigned as the co chief investment officer of Pantera, a crypto venture capital firm, in February of this year and announced on Monday that he had

It is reported that in the recent week, the US banking industry has borrowed a total of $164.8 billion from the Federal Reserve through two credit facility instruments, highlighting the increasing tension in funding after the collapse of banks in Silicon Valley. According to data released by the Federal Reserve, the amount of funds lent by the Federal Reserve through the discount window reached a record $152.85 billion in the week ended March 15, up from $4.58 billion in the previous week. The last record high was $111 billion set during the 2008 financial crisis. The data also shows that the Bank Term Funding Program launched by the Federal Reserve on Sunday lent a total of $11.9 billion. From these figures, it can be seen that the US banking system is still fragile and has not yet fully emerged from the plight of deposit funds moving after the collapse of Silicon Valley banks and Signature Bank. The balance of other…

On March 16th, US Treasury Secretary Yellen said that banks in Silicon Valley had encountered a run, leading to liquidity problems; Silicon Valley banks have to sell assets, including treasury bond that have lost market value; What happened at the Bank of Silicon Valley will be carefully investigated. US Treasury Secretary Yellen: Will Carefully Investigate the Bankruptcy of Silicon Valley Banks Analysis based on this information:The recent comments from US Treasury Secretary Yellen regarding the liquidity issues faced by banks in Silicon Valley have raised concern about the stability of the financial sector in this region. It appears that multiple banks in the area have been struggling to meet their liquidity requirements, which has resulted in a run on these institutions. To address their liquidity issues, the banks in Silicon Valley have been forced to sell off their assets, including treasury bonds that have lost market value. This is a troubling development, as it indicates that financial institutions in this…

On March 16th, it was reported that the number of customers and deposits of several American digital banks has surged after the collapse of Silicon Valley banks, including the San Francisco based digital bank Mercury, which has increased deposits by over $2 billion and thousands of customers in the past six days. Brex, a financial institution that provides commercial bank accounts, has added 3000 new customers and billions of dollars in new deposits in the past week (the institution declined to provide specific amounts). Brex has also provided loans to former Silicon Valley bank customers to help them pay their salaries. New York digital banks Meow and Rho have seen a surge in new customers, with “daily demand for hundreds of millions of dollars” of government bonds in the past week. Since last Thursday, financial institution Arc has applied for salary financing totaling more than $150 million for 500 startups. Forbes: The number of customers and deposits in multiple US…

It is reported that according to NBC News, an internal document shows that Silicon Valley Bank laid off about 100-120 employees in January, accounting for about 1.4% of the bank’s 8500 employees. The layoffs mainly focus on non-customer-oriented positions in recruitment. Silicon Valley Bank has laid off 100-120 employees in January Analysis based on this information:The Silicon Valley Bank has recently been in the news for laying off employees. The NBC News reported that an internal document showed that the bank laid off about 100-120 employees in January, accounting for about 1.4% of the bank’s 8500 employees. The reason cited for the layoffs was non-customer-oriented positions in recruitment. Silicon Valley Bank is known for providing financial services to technology and life science companies. It has been serving the industry for over 35 years and has been instrumental in supporting companies to innovate and grow. The bank is headquartered in Santa Clara, California and has a presence across the globe. With…

It is reported that the Federal Reserve will investigate its supervision of banks in Silicon Valley and release its findings on May 1; Federal Reserve Vice Chairman Barr will lead the investigation; Federal Reserve Chairman Powell said that a rapid and in-depth investigation was needed around the issue of the Bank of Silicon Valley. The Federal Reserve will investigate its supervision of banks in Silicon Valley Analysis based on this information:The Federal Reserve has announced that it will conduct an investigation into its supervision of banks in Silicon Valley. The probe will be led by Federal Reserve Vice Chairman Barr, and the findings will be released on May 1. The move comes as concerns grow around the level of oversight provided by the Federal Reserve over banks operating in the tech hub of the United States. Federal Reserve Chairman Powell has emphasized the need for a rapid and in-depth investigation into the issue of the Bank of Silicon Valley. This…

According to the Wall Street Journal, the United States Department of Justice and the Securities and Exchange Commission are investigating the collapse of banks in Silicon Valley. The US Department of Justice and the US Securities and Exchange Commission are investigating the information disclosure and executive transactions of Silicon Valley banks. The US Department of Justice and the US Securities and Exchange Commission are investigating the collapse of banks in Silicon Valley Analysis based on this information:The recent collapse of several banks in Silicon Valley has caught the attention of the US government agencies. According to the Wall Street Journal, the United States Department of Justice and the Securities and Exchange Commission are currently investigating the causes of the banks’ failures, which may have involved the mismanagement of funds, inadequate risk assessment, and misleading public statements. The investigations are focusing on two main aspects: the information disclosure practices of the banks and the executive transactions that occurred prior to the…

According to the report, the CEO of Credit Suisse said that the credit risk exposure of banks in Silicon Valley was not large. The CEO of Credit Suisse said that the bank would cut 8% of its staff. Credit Suisse CEO: Silicon Valley Bank’s credit risk exposure is not large Analysis based on this information:In a recent report, the CEO of Credit Suisse has made two significant statements regarding the bank’s operations – one about the credit risk exposure of banks in Silicon Valley, and another about staff reduction. According to the CEO, the credit risk exposure of banks in Silicon Valley was not large. Credit risk is the risk of default or loss on a loan when a borrower fails to make payments, and it is an essential factor that banks must consider when lending money to businesses and individuals. As Silicon Valley is home to many start-ups and technology companies that rely on funding from banks, it is…

On March 14, it was reported that the regional banks in the United States were severely affected by the bank incident in Silicon Valley. On Monday, the share price of Western Alliance Bancorp plunged by more than 80% before the market; The share price of First Republic Bank plummeted 78%, and the share price of PacWest Bancorp fell 53%. Former Chairman of FDIC: Affected by the bank events in Silicon Valley, more banks will go bankrupt in the future Analysis based on this information:On March 14, news broke that a bank incident in Silicon Valley had a severe impact on regional banks in the United States. The news caused panic among investors and resulted in a significant drop in the share prices of various banks. Western Alliance Bancorp experienced a drastic 80% fall, First Republic Bank plummeted by 78%, and PacWest Bancorp also suffered a considerable 53% decline in their respective share prices. The incident in Silicon Valley sent shockwaves…

According to reports, Ken Griffin, founder and CEO of Citadel Securities, said that after the Federal Reserve rescued the banks in Silicon Valley, American capitalism was collapsing before our eyes. Founder of Citadel: After the Federal Reserve rescued the Bank of Silicon Valley, American capitalism is collapsing before our eyes Analysis based on this information:Ken Griffin has analyzed the state of American capitalism, and he believes that it is collapsing before our very eyes. This disturbing report comes from Citadel Securities, where Griffin is the Founder and CEO. According to reports, Griffin cites the Federal Reserve’s recent rescue of banks in Silicon Valley as the starting point for this unfortunate turn of events. Griffin’s interpretation of the situation is undoubtedly a cause for concern, but it is not entirely unexpected. American capitalism has always been subject to booms and busts, and the recent pandemic has only exacerbated the issue. The Federal Reserve’s actions have, in many ways, created a false…

It is reported that according to the SEC documents of the United States, Silicon Valley banks have signed exclusive clauses with some customers to limit their ability to obtain banking services from other institutions. These contracts are different in terms of language and scope, making it impossible for these customers to safely distribute their funds to different places. Silicon Valley Bank has signed exclusive terms with some customers Analysis based on this information:The report reveals that some Silicon Valley banks have been restricting the banking services of their customers through exclusive clauses in their contracts. The Securities and Exchange Commission (SEC) documents show that these clauses limit the customers’ ability to obtain banking services from other financial institutions. This practice raises concerns about the competitive environment in the banking sector and highlights the potential negative impact on the customers who rely on diversified banking services. The exclusive clauses differ in language and scope, according to the report. Some contractual agreements…

It is reported that Bill Ackman, a billionaire investor, believes that the US banking regulator has messed up and should pay more attention to the bank before …

It is reported that McCarthy, the minority leader of the United States House of Representatives, said that the Biden government has the tools to deal with the banking problems in Silicon Valley. I hope to hear the announcement about Silicon Valley Bank today, which is attractive to any potential buyer. McCarthy, the minority leader of the United States House of Representatives: The Biden government has the tools to deal with the banking problems in Silicon Valley Analysis based on this information:The recent statement made by Minority Leader Kevin McCarthy of the United States House of Representatives regarding the banking issues in Silicon Valley has sparked curiosity and interest among those closely following developments in the tech industry. McCarthy expressed his confidence in Joe Biden’s administration’s ability to address these problems, stating that they have the tools to handle such concerns effectively. Given Silicon Valley’s reputation as the epicenter of the tech world, it’s not surprising that banking issues would arise…

According to reports, US Senator Menendez said that he was not prepared to provide assistance to Silicon Valley banks from any perspective. US Senator: No matter from which perspective, we are not prepared to provide assistance to Silicon Valley banks Analysis based on this information:The message states that US Senator Menendez is not willing to offer any assistance to Silicon Valley banks from any point of view. This statement is likely to have major implications for the banks in question, as well as the regulatory landscape in general. Silicon Valley is known for its technology innovation, and the financial sector is no exception. Over the past few years, a number of banks have emerged whose business models are centered around technology, AI and innovation. With the rise of these banks, many lawmakers have been forced to re-evaluate their regulatory frameworks so as to keep pace with the fast-changing times. Against this backdrop, Senator Menendez’ statement is a sharp and negative…

According to reports, billionaire investor Bill Ackman disclosed on social media that a source he trusted revealed that Silicon Valley bank depositors might get about 50% of the funds next Monday (March 13)/Tuesday (March 14), and the balance would get other deposit funds according to the realized value in the next 3-6 months. If this is proved to be true, it is expected that a large number of banks without deposit insurance will run from Monday morning, No company will risk losing a dollar of deposit because this risk has no return. Bill Ackman believes that the Federal Deposit Insurance Corporation of the United States should guarantee all bank deposits and suspend them on Sunday night before the opening of the Asian market, and run the process to recapitalize and manage the liquidation of the UST and MBS portfolios to reinvest them in short-term UST. In addition, Bill Ackman said that he had no direct contact with Silicon Valley banks….

It is reported that British Chancellor of the Exchequer Hunter said that the Bank of England believed that the failure of banks in Silicon Valley would not cause systemic risk. The British Chancellor of the Exchequer: The Bank of England believes that the failure of banks in Silicon Valley will not cause systemic risk Analysis based on this information:The news report reveals that the Chancellor of the Exchequer, Hunter, has made an announcement that the Bank of England (BoE) does not believe that the failure of banks in Silicon Valley would pose a threat to the economic system. Although the reason behind such a statement is not clear, it can be interpreted that the BoE reviewed a common concern that has been raised by analysts and regulators regarding the concentration of financial services in the technology industry. Silicon Valley has grown to become the hub of the technology sector where several banks have set foot in recent years. These “tech…

According to reports, Watcher.guru revealed on social media that the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are considering setti…

According to reports, Gabor Gurbacs, director of digital asset strategy of VanEck, an investment management company in New York, said on social media that FDIC…

According to reports, US Treasury Secretary Yellen said that the Ministry of Finance was monitoring several banks due to the bank incident in Silicon Valley.<b…