HSBC will buy UK subsidiary of collapsed Silicon Valley Bank
LONDON — The UK Treasury and the Bank of England have “facilitated the sale″ of Silicon Valley Bank UK to HSBC, ensuring the security of $8.1 billion of deposits. British … Read More
Tag: banks
Regulators close Signature Bank, second shuttered by feds after SVB disaster
The federal government Sunday announced the failure of a second bank with deep ties to the tech industry — as regulators rushed to try to stem the losses caused by … Read More
Silicon Valley Bank’s failure is a warning for the Fed
Silicon Valley Bank could be a canary in a coal mine. The California bank’s failure Friday shined a spotlight on the large losses that the whole banking system has seen on … Read More
Silicon Valley Bank pushed ‘woke’ programs ahead of collapse
A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward … Read More
NYC toy store Camp begs for cash after Silicon Valley Bank crash
A New York City-based toy company in hot water after getting caught up in the sudden collapse of Silicon Valley Bank is now begging customers for help keeping it afloat. … Read More
Jamie Dimon, bank CEOs grilled by lawmakers over inflation
In what has become an annual ritual, the CEOs of the major US banks appeared in front of Congress on Wednesday to sell themselves as shepherds of a helpful industry … Read More
Australian mom scammed out of $140K in bank deposit scheme
A mother has spoken of how she was left desperate after what appeared to be a mistaken $147 credit to her account led her $140,000 life savings to vanish. Donna … Read More
Don’t bank on your business to fund your retirement
Retirement can loom like a dark cloud for small-business owners. Many invest blood, sweat and tears — and every penny — into building their business but never set cash aside … Read More
Biggest investing and saving mistakes 30-somethings make
While there are a lot of things you can do with your money, the right move at the wrong time is still the wrong move. In this piece, I unpack … Read More
McDonald’s and DQ are having ‘salty’ sign war
The businesses of Marshfield, Missouri, have decided to start a sign war. It began with McDonald’s challenging the local Dairy Queen using a friendly tone, according to BuzzFeed. “Hey DQ! … Read More
