Big week for money market funds amidst financial turmoil
Investors looked to move their assets to safety by depositing cash into money market funds due to bank stability concerns. It's the largest inflow since the COVID-19 pandemic.
Peter Thiel says he had $50M in Silicon Valley Bank when it shut down
PayPal co-founder Peter Thiel claims he had $50 million of his own money in Silicon Valley Bank when it collapsed, despite warnings from his own Founders Fund.
Goldman bought the portfolio SVB reportedly booked losses on
Silicon Valley Bank sold its bond portfolio last week to Goldman Sachs, a move that reportedly set SVB failure in motion and caused depositors to flee.
Moody's downgrades U.S. banking system's outlook to negative citing bank runs
Moody's has changed its outlook on the U.S. banking system from "stable" to "negative," pointing to deposit runs on multiple institutions, including Silicon Valley Bank.
Little Spoon CEO says company 'dodged a bullet, discusses what SVB collapse could mean for startups
CEO Ben Lewis said his company Little Spoon “dodged a bullet” in Silicon Valley Bank’s (SVB) shutdown last week but voiced worries about impacts the bank’s collapse could potentially have on the startup and venture capital markets.
Silicon Valley Bank collapse rocks start-up community
The downfall of Silicon Valley Bank sent shock waves through the start-up ecosystem, and some founders fear the effects could be far-reaching in the community.
Activist investor Icahn launches proxy fight at Illumina
Activist investor Carl Icahn on Monday has launched a proxy fight at Illumina, asseerting the life sciences company's takeover of Grail Inc had cost shareholders about $50 billion since the closing of the deal.
Silicon Valley Bank had more red flags than a CCP meeting but regulators cared about climate not bank risks
The collapse of Silicon Valley Bank on Friday leaves Americans with lots of questions. Weren't bank regulations designed to prevent an event like this? Where were the regulators?
Silicon Valley Bank collapse: Mark Cuban says Fed should 'immediately' take this action
Mark Cuban raised questions about how regulators had allowed Silicon Valley Bank to end up in such a vulnerable position, and demanded that the Federal Reserve take immediate action.
How Silicon Valley Bank got burned
Customers were shut out after the FDIC seized Silicon Valley Bank on Friday, but regulators say funds will be available on Monday for insured customers.
Tech CEO with millions in Silicon Valley Bank: 'Innovation in the startup world is bleeding today'
FarmboxRx CEO Ashley Tyrner, who has $10 million in Silicon Valley Bank, discusses the impact that the collapse will have on innovation and startups.
Silicon Valley Bank shares plunge, Ackman advises government bailout
Silicon Valley Bank is fighting for survival as investors jump ship threatening the future of one of venture capital's most prominent financial firms.
SVB sinks wiping $61B in market value off bank stocks
Silicon Valley Bank lost over half its value after investors bailed on the shares following plans for a large capital raise.
Bitcoin slides on Silvergate fallout
The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.
Buffett's Berkshire stocks up on more Occidental Petroleum shares
Warren Buffett's Berkshire Hathaway now owns 200.2 million shares in Occidental Petroleum following the latest $355 million investment.
Goldman Sachs may have appetite for Subway chain
Goldman Sachs may have an interest in purchasing Subway, Sky News reported on Saturday. The outlet cited anonymous people that it said were 'close to the process.'
Angelo Gordon raises $1.3B fund to buy company debt
Angelo Gordon & Co is raising a new fund to invest in corporate-debt securitie. saying it believes worry over default has created screaming deals in the bond market.
Apple investor day, Powell testimony, jobs report top week ahead
Retail earnings, jobs data, Disney CEO Bob Iger speaking and Apple's investor day lead a busy week ahead for investors.
Salesforce profit outlook buoys software maker against activist investors
Salesforce hopes that the improved profitability it has gained from layoffs, especially in its Mergers and Acquisitions group will ward off attacks by activist investors.
Sen. Ted Cruz explains how your 401(k) may be politicized
Sen. Ted Cruz, R-Texas, unpacks the financial consequences President Biden's ESG rule could have on Americans and their investments on "Varney & Co."