Treasury says it will back Silicon Valley Bank deposits

Los paychecks de miles de empleados están en el limbo tras quiebre del Silicon Valley Bank

El pasado viernes los empleados de las empresas que tenían sus nóminas en el Silicon Valley Bank no recibieron su paycheck. El quiebre de la entidad bancaria, la segunda a mayor quiebra bancaria de la historia de EEUU, ha dejado a miles de empleados y clientes a la expectativa de lo que podría pasar con sus fondos.  Muchos directivos de empresas de nueva creación no saben cómo van a pagar a sus empleados y gestionar sus negocios. Aunque, según R…

US government moves to stop potential banking crisis

NEW YORK (AP) — The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all their money quickly, even as another major bank was shut down. The announcement came amid fears that the factors that caused the Santa Clara, California-based bank to fail could spread. Regulators had worked all weeken…

US says all deposits at failed bank will be available Monday

The Biden administration announced Sunday night that all depositors at the failed Silicon Valley Bank would have access to all their money on Monday morning, approving an extraordinary intervention aimed at averting a crisis in the financial system.

Feds backstop all deposits of failed Silicon Valley Bank, second Bay Area bank plunges

Federal officials moved to insure all deposits at failed Silicon Valley Bank, hoping to inoculate the banking system against contagion, but shares of another Bay Area bank plunged.

Silicon Valley Bank collapses, governments swift to protect deposits

The U.S. and U.K. governments are taking massive steps to avoid a financial crisis after the failure of Silicon Valley Bank. Regulators have failed to find a buyer for the $200 billion failed bank, yet assured depositors their money is still accessible.

U.S. Government Saves Silicon Valley Bank, Backs All Deposits

The U.S. government swooped in on Sunday to save the tech industry’s favorite bank, announcing that it would ensure all depositors in Silicon Valley Bank had full access to their money by Monday. Silicon Valley Bank is the second-largest bank to fail in U.S. history.Read more...