2023-03-14
Semantics if you ask me: taxpayers won't pay, but customers of healthy banks will. It's probably the same folks. https://twitter.com/...
New York Times
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
Semantics if you ask me: taxpayers won't pay, but customers of healthy banks will. It's probably the same folks. https://twitter.com/...
Reuters
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits
Sale Facilitated by Government, Bank of England Tweets: Jeremy Hunt / @jeremy_hunt : This morning, the Government and the Bank of England facilitated a private sale of Silicon Vall...
2023-03-13
Semantics if you ask me: taxpayers won't pay, but customers of healthy banks will. It's probably the same folks. https://twitter.com/...
U.S. Department of the Treasury
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
Semantics if you ask me: taxpayers won't pay, but customers of healthy banks will. It's probably the same folks. https://twitter.com/...
Reuters
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits
HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.