Roland Li Oct. 11, 2023 (SFChronicle.com) Silicon Valley Bank survived a near-death experience in March after its tech-heavy clientele rushed to pull out billions of dollars in deposits, leading to government seizure and ultimately its sale to First Citizens Bank. Now the bank is making its presence felt at a downtown San Francisco… Continue reading
MARCH 13, 2023 (ProgressiveHub.net) |IN ACTION “We cannot continue down the road of more socialism for the rich and rugged individualism for everyone else,” said the U.S. Senator from Vermont. by Jon Queally, Common Dreams Sen. Bernie Sanders on Sunday night called for a full repeal of the 2018 banking deregulations signed into law by former… Continue reading
The bailout of Silicon Valley Bank’s depositors means every dollar in U.S. bank accounts is insured by the federal government. Jon Schwarz March 13 2023, 1:36 p.m. (CommonDreams.org) BECOME A MEMBER Customers in line outside the Silicon Valley Bank headquarters in Santa Clara, Calif., on March 13, 2023. Photo: David Paul… Continue reading
Status Coup News • Premiered Mar 15, 2023 • #news #politics #banking Jordan Chariton interviews Professor Richard Wolff about the Silicon Valley Bank bailout and on potential financial contagion affecting the rest of the U.S. banking system. Status Coup’s SUPPORT Status Coup’s ON-THE-GROUND and investigative reporting on the stories the… Continue reading
By Benjamin Pimentel | Examiner staff writer | Mar 15, 2023 (SFExaminer.com) https://trinitymedia.ai/player/trinity-player.php?pageURL=https%3A%2F%2Fwww.sfexaminer.com%2Fnews%2Ftechnology%2Fbrex-ceo-says-there-will-not-be-a-new-silicon-valley-bank%2Farticle_ed00ed24-c35c-11ed-98d5-cb91c0496c90.html&partner=Flex&FAB=1&textSelector=I2FydGljbGUtYm9keQ%3D%3D&unitId=2900003117&userId=0b678ea0-ac83-4917-9c05-8b9b5757761b&isLegacyBrowser=false&version=20230315_ed16f4f4dcde5a7e3dfdf76482db27bda6a4a1f4&useCFCDN=0&themeId=140 The Silicon Valley Bank meltdown was tough and complicated on different levels for Henrique Dubugras, founder and co-CEO of Brex, which offers banking and financial services to tech startups The San Francisco company was an SVB client so Dubugras’… Continue reading
Sens. Mike Crapo (R-Idaho), James Lankford (R-Okla.), and John Barrasso (R-Wyo.) hold a news conference on August 3, 2022. (Photo: Tom Williams/CQ-Roll Call, Inc. via Getty Images) “President Trump and congressional Republicans’ decision to roll back Dodd-Frank’s ‘too big to fail’ rules for banks like SVB—reducing both oversight and capital… Continue reading
