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The Latest Breaking News from SVB

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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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

The Independent UK

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

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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.

Bangkok Post

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.

Fortune

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).

Bangkok Post

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.

Tribune News Service

‘What happens to all the debt?’ Founders and VCs have a host of questions about the fate of Silicon Valley Bank’s venture loans

SVB was a prolific lender. “If it gets acquired, things could change,” one venture investor told Fortune.

Fortune

The real victims of SVB aren't the tech elite: Hardworking business owners share their horror stories of the bank's collapse

The Silicon Valley Bank bailout was not about solving a “1% problem.”

Fortune

SVB-backed GOPers "want to go further"

"They don't want any kind of oversight whatsoever," watchdog group warns

Salon

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Salon

Warren bill: Repeal "Trump's bank law"

Notably absent from the list of co-sponsors were Dems who helped Republicans usher the bill through Congress

Al Jazeera

Credit Suisse to borrow up to $54bn amid banking crisis fears

Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.

Fortune

‘Dr. Doom’ Nouriel Roubini warns that ‘contagion’ from U.S. banks could spread globally

“A banking crisis can morph into a debt crisis for the sovereign, in a doom loop between the banks,” Roubini told Fortune in November.

The Guardian - UK

Credit Suisse has shot itself in the foot – and wounded the global banking system

The Swiss lender is deemed ‘systemically important’ so the jittery markets are studying the bank carefully – very carefully

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news in one place.

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Fortune

Will Credit Suisse be the next banking domino to fall?

After Silicon Valley Bank’s collapse, could one of Europe’s biggest (and most embattled) banks spark an even bigger crisis?

Salon

Dem: Bank lobbyits bought Sinema's vote

"I said no. When they asked Sen. Sinema, she asked how much—and voted yes," says Rep. Ruben Gallego

Fortune

BlackRock's Larry Fink sees the possibility of a broader banking crisis on the horizon: 'Are the dominoes starting to fall?'

Larry Fink, chief of the largest asset managers in the world, compared the SVB fallout to a "slow rolling crisis" similar to the Savings and Loan crisis.

The Guardian - UK

Credit Suisse: what is happening at Swiss bank and should we be worried?

Plunge in bank’s share price adds to fears over weaknesses in banking sector following collapse of SVB

Fortune

The economist who won the Nobel for his work on bank runs breaks down SVB’s collapse—and his fears over what’s next

Douglas Diamond warned in October that the Fed’s policies of raising rates at a brutal pace would trigger dangerously big losses in the bond portfolios of companies and banks. But SVB is to blame, too.

Fortune

Silicon Valley Bank swag is a hot seller on eBay

After the bank run that collapsed SVB, there's a run on collapsed bank memorabilia.

Roll Call

Lawmakers from both parties skeptical of legislation over SVB - Roll Call

President Biden's call for a legislative response to the SVB collapse is meeting skepticism from members of both parties on Capitol Hill.

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