Tag: collapse

UK Tech Sector at Risk of ‘Existential Threat’ Following Silicon Valley Bank’s Collapse, Warns Report

Dozens of early-stage tech companies in the UK have warned the chancellor of "an existential threat" to the sector following the failure of Silicon...

Silicon Valley Bank’s collapse makes it the biggest US bank failure since Washington Mutual in 2008

While relatively unknown outside of the Silicon Valley, the Silicon Valley Bank (SVB) was among the top 20 American commercial banks, with $209 billion...

Silicon Valley Bank collapse marks worst bank failure since Great Recession

The closure of Silicon Valley Bank (SVB) was announced by the (FDIC) on Friday, marking the worst U.S. financial institution failure in nearly 15...

Exploring the reasons behind the collapse of the go-to bank for crypto

Yesterday, the financial world witnessed a classic run on the bank when Silvergate Capital, the go-to US lender for crypto companies, said it would...

FTX Collapse: Bankman-Fried May Plead Not Guilty

A hearing for the fallen king of crypto is scheduled for January 3 in Manhattan federal court. Sam Bankman-Fried will start 2023 as he ended...

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