The collapse of Silicon Valley Bank on Friday set off a wave of panic in the tech sector as thousands of small and medium sized companies stood to lose billions in deposits. Now, the U.S. Treasury says it will help depositors who are concerned about their money.
#siliconvalleybank #banking #tech

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El colapso del Silicon Valley Bank es la mayor caída de un banco en Estados Unidos desde la crisis del 2008.
La Reserva Federal dijo que los depósitos de los clientes estaban garantizados.
Mientras el presidente de Estados Unidos Joe Biden trató de enviar un mensaje tranquilizador asegurando que el sistema financiero goza de buena salud.
Sin embargo, hay nerviosismo en los mercados que tanto en Asia como en Europa sufrieron grandes pérdidas por el temor a un efecto contagio.


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Silicon Valley Bank, a major lender to tech startups and the 16th largest bank in the U.S. is shutting down. CNBC's Dominic Chu reports on what triggered SVB's downfall and whether concerns around the bank are connected to its concentration in the tech sector.

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Silicon Valley Bank shut down by regulators, FDIC

#Tech #Economy #Business

CNBC’s Jim Cramer weighs in on the recent news surrounding Silicon Valley Bank. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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In an extraordinary action to restore confidence in America’s banking system, the Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday. #siliconvalleybank #CNN #ArletteSaenz

US Treasury Secretary Janet Yellen has said the government is not looking at bailing out Silicon Valley Bank, the sixteenth largest in the country, after it was shut down by US regulators on Friday.
Authorities said they were worried about the banks liquidity after it lost money while selling assets. The concerns prompted the bank's depositers, mainly tech companies, to rush to withdraw funds sparking fears over the wider banking sector.
British finance minister Jeremy Hunt said the bank's failure poses a serious risk for the technology and life science sectors in the UK.

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#SVB #TechIndustry #BankFailure

Could the SVB collapse have been avoided? On this week’s podcast, we chat about how Silicon Valley Bank’s risky investments lead to its eventual failure. We are joined by former Chair of the FDIC, Sheila Bair, and entrepreneurial multi-hyphenate, Mark Cuban, who discuss where the regulation was for these banks, why we don’t bail out our citizens like we do our businesses, and what’s next for banks with similar investment strategies to SVB.

The full episode is available on Apple Podcasts: theproblem.link/SVB

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#svb #finance #podcast

CNBC's Yasmin Khorram joins 'Power Lunch' to discuss the scene at Silicon Valley Bank in California as customers line up to withdraw their funds. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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Heather Long, editorial writer and columnist for the Washington Post, discusses the financial fallout from the Silicon Valley Bank crash. 'There's still a lot of anxiety ... but the good news is that we are not seeing another bank failure,' she says.

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CNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the news surrounding Silicon Valley Bank. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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In this video, we'll dive into the inspiring story of Zhang Yiming, the founder of TikTok, one of the fastest-growing social media platforms in the world. From his early days as a programmer to the launch of his first startup, Zhang's journey has been marked by innovation, perseverance, and a deep commitment to user experience.

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In this video, we're diving into the fascinating world of the metaverse. The metaverse is a term that's been buzzing around the tech world for some time now, and it's set to be the next big thing. In this video, we'll give you a complete introduction to the metaverse, including what it is, how it works, and what it means for the future of technology.

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This head-to-head debate will reflect on an age-old question which has been considered by philosophers and theologians for millennia: does God exist? Our two speakers (Professor Richard Swinburne & Professor Peter Millican) will discuss the philosophical arguments for and against the existence of God, from moral and logical arguments to those posed by observed phenomena of the universe
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1. Professor Richard Swinburne
Professor Swinburne is an Emeritus Professor
of Philosophy of the Christian Religion at the University of Oxford. He is an influential proponent of philosophical arguments for the existence of God, and authored The Coherence of Theism, The Existence of God, and Faith and Reason.
2. Professor Peter Millican
Professor Millican is the Gilbert Ryle Fellow and Professor of Philosophy at Hertford College. He questions the existence of God, and is known for his works on David Hume, the philosophy of religion, and moral philosophy


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