BREAKING NEWS: Silicon Valley Bank shut down by regulators
SlateStone Wealth chief market strategist Kenny Polcari analyzes the SVB meltdown, arguing banking stocks got 'slaughtered,' but contagion fears are 'way overdone.'
The Federal Deposit Insurance Corporation says it has seized control of Silicon Valley Bank, confirming the lender was shut down by California regulators amid a run on the bank. The FDIC said in a press release that SVB was closed by the California Department of Financial Protection and Innovation on Friday, and confirmed it is now the receiver of all insured deposits of the bank.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Silicon Valley Bank spooks Silicon ValleySilicon Valley Bank, long one of the most popular financial institutions among tech and life sciences startups, saw its shares fall more than 60% on Thursday, wiping out a whopping $9.4 billion in market value.
Consulte Mais informação »
Silicon Valley Bank Rocked, Bank Shares PlummetA financial free fall is happening right now in the Bay Area. One of the most trusted local banks is in trouble and now there’s growing concern that some companies are withdrawing their funds, which could spell doom.
Consulte Mais informação »
Bank stocks plunge after implosions at Silicon Valley Bank and SilvergateBank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector
Consulte Mais informação »
Silicon Valley Bank drops another 45%, weighing on the bank sector againShares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.
Consulte Mais informação »
Silicon Valley Bank drops another 60%, weighs on the bank sector againShares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.
Consulte Mais informação »
First Republic leads regional bank rout as Silicon Valley Bank crisis raises fears about bond lossesFirst Republic leads rout in regional banks as SVB crisis raises fears about bond losses
Consulte Mais informação »