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The Latest Breaking News from Silicon Valley Bank

FDIC races to start returning some uninsured SVB deposits Monday

U.S. regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, according to people with knowledge of the situation.

Tribune News Service

Western housing markets—the epicenter of the home price correction—brace for another hit as Silicon Valley Bank’s collapse signals more tech pain

If tech layoffs continue to mount, it could keep housing markets out West in correction-mode.

Fortune

Mark Cuban urges Fed to buy Silicon Valley Bank debt ‘immediately,’ says it’s ‘not the wealthy taking the hit’

It's entrepreneurs and their employees and vendors who are "feeling the pain," Cuban said.

Fortune

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SVB CEO Sold $3.6 Million Worth of Shares Before Bank's Collapse

Greg Becker sold his shares on Feb. 27, eleven days before Silicon Valley Bank was shut down by regulators.

The Street

Mark Cuban Had Millions at Failed Silicon Valley Bank

The legendary investor and entrepreneur says he has an exposure between $8 million and $10 million to the California bank, which was closed on March 10 by regulators, after a run on the bank.

The Street

From wine country to London, bank's failure shakes worldwide

It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world

The Independent UK

From Santa Clara to Shoreditch, SVB fallout spreads around world

The fallout from the collapse of Silicon Valley Bank is beginning to spread around the world.

Tribune News Service

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Silicon Valley Bank Collapse: BlockFi Left $227 Million at Failed Bank

A bankrupt crypto lender was impacted by the collapse of Silicon Valley Bank.

The Street

Elon Musk is ‘open to the idea’ of buying Silicon Valley Bank as he lays Twitter payments groundwork

Musk is watching the Silicon Valley Bank failure with interest as he works to enable payments on Twitter.

Fortune

Stablecoin USDC Loses Dollar Peg with $3.3 Billion Locked in SVB

The fifth largest cryptocurrency by market value lost its dollar peg after its issuer announced that it had around 8.25% of its $40 billion reserves locked in failed Silicon Valley Bank.

The Street

Trump blamed over Silicon Valley Bank collapse for watering down financial regulations

Fifty Republican and 17 Democratic senators voted to reduce regulations on the bank

The Independent UK

Elon Musk May Buy Failed Silicon Valley Bank

Tesla’s CEO says he's open to the idea of Twitter acquiring the Californian bank that was shut down on March 10 by regulators.

The Street

SVB Collapse: Small Businesses Caught Up in Bank Closure

Small businesses and non-profit organizations were also impacted by the collapse of Silicon Valley Bank, impacting their ability to pay employees or vendors.

The Street

Collateral damage from Silicon Valley Bank's explosion

The tech ecosystem has been tossed into turmoil as , one of the nation’s largest banks for startups, collapsed Friday following a run on deposits. Now, with the bank’s assets frozen and under the control of the Federal Deposit Insurance Corporation, SVB’s customers, employees, and investors are grappling with a…

Fortune

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The Guardian - UK

Government to meet tech firms following collapse of Silicon Valley Bank UK

Industry leaders expected to call for state intervention to avoid failure of hundreds of UK firms

The Guardian - US

USD Coin value falls after revealing $3.3bn held at Silicon Valley Bank

The stablecoin fell as low as $0.87 as Circle broke the news that its reserves were at the collapsed lender

The Street

Moody's Failed to Warn About Silicon Valley Bank's Problems

The prestigious rating agency still gave the bank of startups an A rating until its collapse on March 10, repeating the same errors of the subprime crisis in 2008.

Axios

SVB: A startup bank's rise and fall

How SVB happened, and how it all came crashing down.

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The Independent UK

A major bank failed. Here’s why it’s not 2008 again

The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday

Evening Standard

‘We can’t make payroll’: scores of London tech firms in cash crisis amid Silicon Valley Bank collapse

The UK startup ecosystem is under immense strain today after the collapse of Silicon Valley Bank has prevented scores of startups from accessing the cash to pay staff.

WEKU

Silicon Valley Bank failure could wipe out 'a whole generation of startups'

The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely. It remains unclear how much, if any, of depositors' money will be returned.

Fortune

Circle reveals it has $3.3 billion stuck at Silicon Valley Bank as USDC wobbles against its peg

The company insisted that it was protecting the stablecoin from a "black swan failure."

Tribune News Service

SVB rocks California as founders join Napa vintners in fear

The shocking collapse of Silicon Valley Bank rippled across California Friday to industries far beyond the technology community that it played a major role in shaping.

The Street

SVB Collapse: Roku Had $487 Million In Cash At Failed Bank, Rocket Lab, Roblox Also Affected

Several companies disclosed late Friday evening the amount of cash they had no deposit at failed Silicon Valley Bank.

Evening Standard

Silicon Valley Bank: Bank of England set to place UK arm into insolvency

Decision comes hours after US arm collapsed

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