Welcome!
Silicon Valley Bank (SVB)
Zest
HSBC to acquire SVB’s UK business for GBP1
The assets and liabilities of SVB UK’s parent companies will be excluded from the transaction, says HSBC.
March 13, 2023
Silicon Valley Bank fallout
US seeks to stymie bank-run risk as Yellen pledges protections
Authorities’ efforts are aimed at protecting depositors, rather than bailing out investors, Yellen said on CBS’s “Face the Nation”
March 13, 2023
Silicon Valley Bank fallout
US says all SVB deposits safe, creates new backstop for banks
The Treasury will “make available up to US$25 billion from the Exchange Stabilization Fund as a backstop”
March 13, 2023
Silicon Valley Bank fallout
Temasek says it doesn’t have any direct exposure to SVB: Bloomberg
The response comes after the state-owned company checked with its portfolio companies to see how much exposure it has to SVB.
March 12, 2023
Markets
Markets at risk of more upheaval as banking uncertainty persists
Foreign-exchange markets will be the first to take the spotlight as the new week begins.
March 12, 2023
Silicon Valley Bank fallout
SVB's 44-hour collapse was rooted in Treasury bets during pandemic
Outstanding questions also remain about how SVB went about navigating its precarious position in recent months.
March 12, 2023
Silicon Valley Bank fallout
Roku among most-exposed firms with assets caught in SVB failure
Roku disclosed that about 26% of its cash and cash equivalents balance as of March 10 — roughly US$487 million — is held at SVB.
March 12, 2023
Silicon Valley Bank fallout
SVB fallout spreads around world from London to Singapore
Startup founders in California’s Bay Area are panicking about access to money and paying employees.
March 12, 2023
Silicon Valley Bank fallout
One bank folds, another wobbles and Wall Street asks if it's a crisis
The immediate risk for many banks may not be existential, according to analysts, but it could still be painful.
March 10, 2023
Silicon Valley Bank fallout
US bank bonds weaken after SVB says it's shoring up capital
Bank bonds in general sold off in reaction to liquidity pressures at US-based Silicon Valley Bank
March 10, 2023