Parent of Silicon Valley Bank seeks bankruptcy protection
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SVB Financial Group, which ran Silicon Valley Bank up until it was seized last Friday, is filing for Chapter 11 bankruptcy protection
Ex-Theranos exec finds way to delay start of prison sentence
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Just hours before Balwani was supposed to surrender to authorities, his lawyer filed documents notifying U.S. District Judge Edward Davila that he wouldn’t be doing so
Experts and banks look for ideas to stop next bank failure
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The search for causes and culprits for the Silicon Valley Bank failure is refocusing attention on a 2018 federal law that rolled back tough bank regulations put in place after the 2008 financial crisis
Is my money safe? What you need to know about bank failures
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The recent failures of Silicon Valley Bank and Signature Bank may have you worried about your money
Fed criticized for missing red flags before Silicon Valley Bank collapse
Critics point to many red flags surrounding Silicon Valley Bank, including its rapid growth since the pandemic and its unusually high level of uninsured deposits
Class action suit filed against Silicon Valley Bank parent
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The lawsuit says some quarterly and annual financial reports from SVB didn’t fully account for warnings from the Federal Reserve about interest rate hikes
Silicon Valley Bank’s demise disrupts the disruptors in tech
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Entrepreneurs who had deposited all their startups’ money in Silicon Valley Bank are now realizing it makes more sense to spread their funds across several institutions
The specter of another financial crisis is haunting the world
US authorities have asserted that deposits are guaranteed while investors keep dumping shares and central banks rethink their monetary policy following the collapse of Silicon Valley Bank and Signature Bank
Biden seeks to show stability in bid to avert banking chaos
Biden’s ability to avert a contagion among financial institutions will test his contention that his administration represents competence and stability
After two historic US bank failures, here’s what comes next
It’s all eerily reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago
Silicon Valley Bank collapse: What you need to know
What’s happening is eerily reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago. Yet the initial pace this time around seems even faster
Biden: ‘Americans can have confidence that the banking system is safe’
The president’s words of assurance come after the swift and stunning collapse of two banks prompted fears of a broader upheaval
US, UK try to stem fallout from Silicon Valley Bank collapse
The British Treasury and the Bank of England ‘facilitated the sale’ of the lender to HSBC, ensuring the security of $8.1 billion of deposits
US government moves to stop potential banking crisis
The Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients will be protected
The Silicon Valley Bank collapse exposes weaknesses in US banking system
The California bank is now looking for a buyer after its debacle this week
From wine country to London, Silicon Valley Bank’s failure shakes worldwide
Companies all over the world are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday
Silicon Valley Bank is seized by US after historic failure
The second-biggest bank failure happened after depositors began withdrawing their money creating a run on the bank.
Tech giants announce record layoffs after hiring binge
Amazon, Alphabet, Microsoft, Meta and Apple nearly doubled their total workforce over the past three years. But now they are letting more than 50,000 employees go
Google axing 12,000 jobs, as tech industry layoffs widen
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Earlier this week, Microsoft announced 10,000 job cuts, or nearly 5% of its workforce
The war in Ukraine sinks dream of ‘Russia’s Google’
The Kremlin is taking advantage of the restructuring of Russian search engine Yandex to increase its control over the news its citizens see online
Alexandr Wang is the new youngest self-made billionaire
The son of Chinese immigrants to the US, Wang dropped out of college after his freshman year to found Scale Al, a company that helps companies like Uber, Toyota, and Airbnb optimize their artificial intelligence systems
From Silicon Valley to Mount Everest: A journey of personal salvation aided by ayahuasca
Silvia Vasquez-Lavado, a former executive at eBay and Paypal, has published a memoir explaining how she went from shunning nature walks to climbing the world’s Seven Summits
Silicon Valley start-up funded by billionaires hires top ‘anti-aging’ experts
The secretive Altos Labs, which is said to be backed by Jeff Bezos and Yuri Milner, has recruited leading specialists to find ways of reprogramming cells and ultimately prolong human life
Why Leonardo DiCaprio’s conflict-free diamonds could soon be made in Spain
Diamond Foundry, a Silicon Valley company that ‘grows’ the precious gems, has chosen Trujillo in Extremadura for an upcoming factory project
Elizabeth Holmes: the self-made billionaire behind Silicon Valley’s blood-test scandal goes on trial
Having reached the top through a supposedly revolutionary technology to diagnose disease, the Theranos founder is now facing 12 counts of fraud and conspiracy and could be sentenced to 20 years
Gate 93: Spain’s portal to Silicon Valley
Three Spanish techies create a fund to help Spanish initiatives survive in America’s startup mecca
The scientists trying to find the “cure” for old age
Could we live to 140? 1,000? Is there a limit? Scientific research into extending the human lifespan is being backed by Silicon Valley giants such as Google and Facebook