Republicans divided on how to talk about Silicon Valley Bank collapse
19 Articles
19 Articles
Silicon Valley Bank Collapse: Top US Banks to Deposit $30 Bn to Shore Up First Republic
America's largest banks moved Thursday to shore up First Republic, easing fears that the regional lender could be the next domino to fall after collapses including Silicon Valley Bank. A consortium of 11 US private banks announced they would deposit $30 billion into First Republic.
Why did Silicon Valley Bank collapse?
Over the weekend, Silicon Valley Bank, a lender to some of the biggest names in the technology world, became the largest bank to fail since the 2008 financial crisis. Regulators scrambled to contain the fallout from the collapse as share prices plummeted, with HSBC stepping in to buy the bank for £1 in a rescue deal. Ido Vock is joined by the New Statesman’s associate business editor Emma Haslett and Spotlight editor Alona Ferber to discuss the …
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