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14.03.2023 / 12:05

Silicon Valley Bank items hit eBay days after collapse

Silicon Valley Bank corporate items — from t-shirts to used coffee tumblers — just days after it came crashing down. The collapse of Silicon Valley Bank marked the second-biggest bank failure in U.S. history after Washington Mutual in 2008. It's only been three days since the bank, the 16th largest in the U.S., failed after depositors hurried to withdraw money amid anxiety over the bank’s health.

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First Citizens to acquire troubled Silicon Valley Bank, FDIC says

NEW YORK - North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.The deal could reassure investors at a time of shaken confidence in banks, though the Federal Deposit Insurance Corp. and other regulators had already taken extraordinary steps to head off a wider banking crisis by guaranteeing that depositors in SVB and another failed U.S.

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Study finds 186 banks vulnerable to Silicon Valley Bank-like collapse

nearly 200 U.S. banks could be vulnerable to the same fate as Silicon Valley Bank (SVB).A recent Social Science Research Network study suggests that 186 American banks could fail if half of their depositors suddenly withdrew their funds.

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Silicon Valley Bank’s collapse rattled the U.S. Now, Canada braces for aftershocks

Silicon Valley Bank (SVB) has sent aftershocks through the global financial system and Canada is not immune from the impacts.The Toronto-based branch of the startup-focused financial institution was temporarily seized by Canada’s banking regulator on Sunday night as Finance Minister Chrystia Freeland echoed her American counterparts in calling for calm in the face of market uncertainty and fears of contagion spreading to banks north of the border. Read more: Silicon Valley Bank collapse: How the financial institution fell into ruin Experts who spoke to Global News on Monday said that most Canadians can be confident in the country’s banking system, but fallout from SVB’s collapse could be more substantial in some parts of the economy.Here’s what to know.U.S.

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KPMG gave SVB, Signature Bank clean bill of health weeks before collapse

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
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