In 2015, in the midst of a furious lobbying hard work on behalf of the banking sector, the C.E.O. and founder of Silicon Valley Bank, Gregory Becker, submitted a statement to the Senate Banking Committee that now reads like a thing out of a dark comedy. “SVB, like our mid-sized […]
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How the Silicon Valley Bank Collapse Impacts the Auto Industry
You may possibly have read about Silicon Valley Bank’s collapse by now. Information networks all around the earth have claimed on extended lines of folks waiting around outdoors lender branches in a panic and hoping to withdraw every penny of hard cash in their accounts out of the panic they […]
Silicon Valley Bank collapses after failing to raise capital
New York CNN — Silicon Valley Lender collapsed Friday early morning just after a beautiful 48 hours in which its capital crisis established off fears of a meltdown throughout the banking business. Its failure marks the premier shutdown of a US bank considering that 2008, when Washington Mutual fell through […]