The deal has given markets some respite as it was the first weekend in several weeks that did not bring news of fresh banking collapses, rescue deals or emergency help from authorities to shore up confidence
DFPI closed SVB and appointed the FDIC as receiver. FDIC created Deposit Insurance National Bank of Santa Clara, which holds all deposits previously held by SVB. USDT FDIC and FRS will make additional funding available to ensure SVB deposits, insured and uninsured, are paid
The head of Silicon Valley Bridge Bank, created by US regulators to succeed Silicon Valley Bank after it collapsed, on Tuesday urged fleeing depositors to return with their money, as large banks see an influx of funds.
Two things worrying Indian startups the most after a key lender in the US collapsed on Friday are whether their money is safe and if it can be moved out of the dead bank fast, according to the owner of an Indian firm.
The collapse of the Silicon Valley Bank (SVB) has prompted fears of contagion which persist despite US President Joe Biden s Monday assertion that the. 13.03.2023, Sputnik International