Circle Was Top Depositor Helped by Government-Backed Guarantee of Silicon Valley Bank
June 23 (Cointime) - According to documents from the Federal Deposit Insurance Corporation (FDIC), Circle, the issuer of the USDC stablecoin, was the top depositor at Silicon Valley Bank with the help of a government-backed guarantee.
Goldman Sachs Under Investigation by Federal Reserve and SEC Over Role in Silicon Valley Bank’s Collapse
June 16 (Cointime) - Goldman Sachs is under investigation by the Federal Reserve and Securities and Exchange Commission (SEC) for its involvement in the purchase of Silicon Valley Bank's securities portfolio before the bank's collapse.
Silicon Valley Bank's Historic Collapse and the Ripple Effect on Crypto Investments!
Breaking: 2nd largest collapse in American history. Silicon Valley Bank Goes Bust - How Will This Affect Your Crypto Investments? 🧵👇 1/ I will break it down into: 1️⃣About SVB 2️⃣What happened 3️⃣Crypto firms involved 4️⃣Era of startup turmoilThreading on the Edge is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
SVB Financial Must Wait in Line for Its $2 Billion, FDIC Says
Before SVB Financial Group bondholders can collect the billions they are owed, the bankrupt company may have to file a claim with the Federal Deposit Insurance Corp. to recover $2 billion worth of deposits trapped by the receivership of Silicon Valley Bank.
Goldman’s Role in Failed SVB Deal Under Review in US Probe
Goldman Sachs Group Inc.’s role in Silicon Valley Bank’s attempt to raise funds in March is under review by US governmental agencies, which are looking into the failed transaction that helped push the US regional-banking system into turmoil.
Wells Fargo CEO Says Regulators Acted Correctly in Bank Failures
Wells Fargo & Co. Chief Executive Officer Charlie Scharf said US banks such as his shouldn’t be required to “unconditionally” cover the failures of other financial institutions.
Murdered San Francisco Tech Exec Bob Lee Had Cocaine, Ketamine in His Body, Autopsy Shows
Silicon Valley executive Bob Lee, who was stabbed to death in San Francisco last month, had cocaine, ketamine and alcohol in his body when he died, according to an autopsy report released by the city medical examiner’s office.
Robert F. Kennedy Jr. Wades Further Into Crypto Following Anti-CBDC Remarks
Democratic presidential candidate Robert F. Kennedy Jr. criticized what he called a “war on crypto” following earlier remarks he made opposing a U.S. central bank digital currency, or CBDC.
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
The Federal Reserve and the FDIC published reports on Friday concerning the fall of the second and third-largest U.S. bank failures in history.
SVB’s Former Parent May Need New Funding After $2 Billion Cash Seizure
Silicon Valley Bank's former owner may need to take out a bankruptcy loan amid uncertainty about the U.S. Federal Deposit Insurance Company's seizure of $2 billion in cash from the company, its attorney said Wednesday.
