Moody’s It reduced its rating on the entire US banking system from stable to negative, assuring that its operating environment “deteriorates rapidly.” The decision was made after the withdrawal of deposits in Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank (SNY), in addition to the bankruptcy of the latter two. The risk rating agency […]
Tag: Silicon Valley Bank
Moody’s downgrades the outlook for the US banking system to negative
The risk measurement agency Moody’s on Tuesday lowered its perspective on the entire banking system of USA from stable to negative, due to a “rapidly deteriorating operating environment.” “We have changed our outlook from stable to negativeivto on the US banking system to reflect the rapidly deteriorating operating environment following deposit withdrawals in Silicon Valley […]
SEC and US Department of Justice investigate Silicon Valley Bank bankruptcy
The US Department of Justice and the Securities and Exchange Commission (SEC) are investigating the bankruptcy of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The investigations are also looking at sales of shares that SVB Financial executives made […]
US inflation slowed to 6.0% yoy in February
Inflation slowed down USA in February to 6.0% year-on-year, its lowest level in almost a year and a half, at a time when the fed (central bank), in charge of stopping the rise in prices, is against a rock and a hard place after the bankruptcy BLS. On a month-over-month basis, inflation fell to 0.4%, […]
Fed investigates how it supervised the SVB and will publish a report in May
The Federal Reserve of the United States (Fed) announced this Monday that it is investigating its management and supervision of Silicon Valley Bank as a result of its debacle, and will publish a report with its conclusions on May 1. “We must be humble, and carry out a careful and thorough analysis of how we […]
European banks fall more than 14% after the bankruptcy of Silicon Valley Bank in the United States
The big ones european banks suffer on the stock market this Monday with falls that exceed 14% in some cases and drag down the main European indices due to the unforeseeable consequences for the sector that the bankruptcy of the Americans can bring Silicon Valley Bank and Signature Bank. In a day without relevant macroeconomic […]
Financial quake now clouds Fed inflation debate
Officials at the US Federal Reserve will meet again next week amid persistent inflation, though now they will face the first sharp fallout from aggressive interest rate hikes the central bank approved last year. The sudden failure of Silicon Valley Bank last week is not expected to stop the fed keep raising rates at their […]
SVB Bank: UK tech sector at ‘serious risk’ after bank collapse
The bankruptcy of the Californian Silicon Valley Bank threatens to put at “serious risk” the technology sector and companies in the health sector of the United KingdomEconomy and Finance Minister Jeremy Hunt warned on Sunday. US authorities closed the bank on Friday to protect its clients’ deposits. The California-based entity manages money for some of […]
The salary Silicon Valley Bank offered its staff for 45 days of work
The Federal Deposit Insurance Corp (FDIC), the regulatory body that took control of the bankrupt bank on Friday, offered employees of Silicon Valley Bank 45 days of employment at 1.5 times his salary, according to an email sent to staff and seen by Reuters. Workers will be enrolled and given benefits information over the weekend […]
Silicon Valley Bank closed and had the worst bankruptcy since the 2008 crisis
In the last hours, the bankruptcy of the bank of Silicon Valley (SVB), one of the largest lenders to technology companies in the United States. Financial regulators announced the closure of the SVB due to lack of liquidity and insolvency after trying to raise US$2.25 billion to cover its losses. It is the biggest fall […]