US Weighs New Fund To Backstop Deposits If More Banks Fail, Bloomberg News Says
(Reuters) – The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that…
Headlines
Biden Speaks With California Governor About Silicon Valley Bank – White House
WASHINGTON (Reuters) – U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank…
UK Finance Minister And Bank Of England Work To Contain SVB Fallout
LONDON (Reuters) -Britain’s finance ministry and the Bank of England are working to minimize the disruption that could arise from…
Hedge Funds Offering To Buy Startup Deposits Stuck At Silicon Valley Bank -Semafor
(Reuters) – Hedge funds are offering to buy the deposits of startups stranded at Silicon Valley Bank for as little…
Bank Of London Weighs Rescue Bid For Silicon Valley Bank’s UK Arm – Sky News
(Reuters) -British clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S….
Union Says Lyondell Misled It About Possible Houston Refinery Buyers -letter
By Erwin Seba HOUSTON (Reuters) -The United Steelworkers union (USW) said in a letter to members it was misled by…
Union Says Lyondell Misled USW About Possible Houston Refinery Buyers -letter
By Erwin Seba HOUSTON (Reuters) -The United Steelworkers union (USW) said in a letter to members it was misled by…
Silicon Valley Bank Staff Offered 45 Days Of Work At 1.5 Times Salary
By Lananh Nguyen and Pete Schroeder NEW YORK (Reuters) – Employees of Silicon Valley Bank were offered 45 days of…
Stablecoin USDC Breaks Dollar Peg After Revealing $3.3 Billion Silicon Valley Bank Exposure
LONDON (Reuters) – By Elizabeth Howcroft and Rishabh Jaiswal Stablecoin USD Coin (USDC) lost its dollar peg and slumped to…
SVB’s Lightning Collapse Stuns Banking Industry
By Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) – The rapid unraveling of SVB Financial Group has blindsided the…