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The Latest Breaking News from SVB

The global banking system is on edge

So goes Silicon Valley, so goes the world.

Axios

Top GOPer: No need for tougher bank rule

Critics say Mike Crapo's law exempting SVB and others from stricter requirements led to collapse

Salon

US regulators avoided a banking crisis by swift action following SVB's collapse – but the cracks it exposed continue to weaken the global financial system's foundation

U.S. regulators’ swift reaction to the collapse of Silicon Valley Bank and two other lenders partially restored calm to markets, but concerns remain over the stability of the global financial system.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

A Nobel-winning economist dissects SVB's collapse

Douglas Diamond warned in October that the Fed’s policies of raising rates at a virtually unprecedented pace would trigger dangerously big losses in the bond portfolios of companies and banks.

Fortune

SVB Bridge Bank CEO to clients: 'Give us a chance'

Following a crisis, Tim Mayopoulos has to evaluate the management team and build trust with clients.

Fortune

SVB Collapse Dominates Discussions at Financial Sector Conference in Saudi Arabia

The collapse of the California-based Silicon Valley Bank (SVB) dominated most sessions and workshops of the Financial Sector Conference in Riyadh. The repercussions of SVB’s recent bankruptcy caused shock and confusion worldwide, especially for economies that fear that the crisis will spillover to their financial institutions. Saudi Minister of Finance…

Asharq Al-Awsat

Editorial: SVB failure adds to tech industry’s greedy image

Day by day, month by month, year by year, greed is ruining the tech industry’s image.

Tribune News Service

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Editorial: SVB mess demands a rethink on government bailouts

The demise of Silicon Valley Bank has put the U.S. government into an uncomfortable position, backstopping depositors like never before to prevent a broader and potentially devastating bank run.

Tribune News Service

Jonathan Bernstein: Blaming SVB on ‘woke’ banks masks Republican divide

Politicians generally don’t like looking silly. And yet a whole bunch of Republican politicians reacted to the collapse of Silicon Valley Bank by raging about “woke” banking” in ways that made them appear ridiculous to anyone actually concerned about the danger to the banking system and the economy.

Tribune News Service

‘The first Twitter-fuelled bank run’: how social media compounded SVB’s collapse

The speed at which Silicon Valley Bank collapsed has left experts questioning whether social media has opened up entirely new risks in the world of finance

The Guardian - AU

Credit Suisse: Share price climbs after £44bn bailout from Swiss national bank – latest

Credit Suisse dropped about 30 per cent on the on the Swiss stock exchange Wednesday after Wall Street expert Robert Kiyosaki tipped it as the next major bank to collapse

The Independent UK

Nobel Prize-winning economist debunks 3 misconceptions about SVB's collapse—and explains what went wrong

Douglas Diamond says SVB violated the most basic rule of banking.

Fortune

Arrogance, Incompetence or Both: What SVB’s Failure Really Means

The implosion of Silicon Valley’s favorite bank, which became increasingly dependent on venture capital and private equity, was rooted in hubris as much as its balance sheet.

Businessweek

SVB collapse – latest: Credit Suisse to borrow £44.5bn after crash amid fears of economic crisis

Collapse of Silicon Valley Bank (SVB) marks biggest US bank failure since Washington Mutual during 2008 financial crisis

The Independent UK

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AFP

Market turmoil tests ECB rate hike appetite

Frankfurt (Germany) (AFP) - The ECB will Thursday become the first major central bank to meet since markets were rocked by banking crisis fears, testing the eurozone institution's resolve to implement another hefty rate hike.

The Street

SVB's Parent Company May File for Bankruptcy

Creditors of parent company of Silicon Valley Bank could profit if the parent company sells off its wealth management unit and other assets.

The Independent UK

FACT FOCUS: Claims link ‘woke’ policies to bank’s demise

Some social media users are honing in on a single culprit that led to the demise of Silicon Valley Bank: its socially aware, or “woke,” agenda

The Independent UK

Senior Democrats hand back Silicon Valley Bank donations following bank’s collapse

Federal regulators seeking to sell bank

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Bangkok Post

Mutual and pension funds tamp down concerns

The Association of Investment Management Companies (AIMC) and the Government Pension Fund (GPF) yesterday issued a statement announcing they have no direct investment in the assets of the collapsed Silicon Valley Bank (SVB).

Bangkok Post

Is SVB the canary in the coal mine?

Should the rest of the world be worried about the collapse of Silicon Valley Bank last week? SVB was the 16th largest bank in the United States, with about $210 billion (7.3 trillion baht) in assets and a market valuation of $44 billion at its peak.

Bangkok Post

Arkhom pledges stability after poll

The government is ready to take action, even in a caretaker position before the next administration takes power, should global volatility affect the country's economy or financial system, Finance Minister Arkhom Termpittayapaisith told reporters.

The Street

SVB Financial Group's Creditors Seeking Bankruptcy and Sale of Assets

Creditors of parent company of Silicon Valley Bank could profit if the parent company sells off its wealth management unit and other assets.

Fortune

After Twitter played a massive role in a historic $42 billion bank run, Elon Musk mused it was like 1929

Before Silicon Valley Bank was shut on Friday, investors discussed its health while some recommended that depositors pull their money out.

Bangkok Post

TAT to monitor tourism impact of SVB

Economic concerns stemming from the collapse of Silicon Valley Bank (SVB) will not affect long-haul visitors to Thailand in the short term as pent-up demand should support the market, but officials plan to monitor the long-term impact, according to the Tourism Authority of Thailand (TAT).

Tribune News Service

Following the SVB collapse, are banks in Texas at risk?

The collapse of Silicon Valley Bank sent ripples through the banking world, causing stocks like Comerica’s to fall as investors looked to guard themselves against a potential domino effect.

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People

Arkhom Termpittayapaisith

Chavinda Hanratanakool

13 stories

Thanet Supornsahasrungsi

12 stories

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the Tourism Authority of Thailand

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