Silicon Valley Collapse
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AI Started As A Dream To Save Humanity. Then, Big Tech Took Over.
Many AI builders say this tech promises a path to utopia. Others say it could bring about the collapse of our civilization. In reality, the science-fiction scenarios have distracted us from the more insidious ways AI is threatening to harm society.
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FTX's Sam Bankman-Fried Could Be Planning to Blame Lawyers Who Helped Launch Firm in Criminal Case
Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.
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Goldman Sachs Being Probed Over Silicon Valley Bank Collapse
US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.
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US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
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For Silicon Valley Startups, The Worst Is Yet To Come
The startup world has had a tough year - plagued by mass layoffs, plummeting venture capital investment and the chaotic collapse of Silicon Valley Bank. But many in tech believe that the worst is yet to come.
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How Razorpay Helped Over 80 Indian Startups, Moved Over Rs 60 Crores To India After SVB Collapse In Just 10 Days
Razorpay swung into action and began working with its banking partners to help ease the stress among startups.
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"Addiction Forced Into System": Raghuram Rajan Expects More Bank Troubles
Raghuram Rajan, the former IMF chief economist who predicted the global financial crisis more than a decade ago - warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.
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"Textbook Case Of Mismanagement": Top Official On Silicon Valley Bank
The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher banking regulation, according to prepared remarks by a top Federal Reserve official.
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"Think Of India": Union Minister To Global Startups Amid Banking Crisis
Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.
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Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."
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US Firm Acquires Silicon Valley Bank After It Went Bankrupt
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
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Nifty, Sensex Open Higher As SVB Acquisition Talks Bring Relief
Indian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed Silicon Valley Bank brought relief to markets, although fears of contagion
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Deutsche Bank Shares Tumble: Is This A Cause For Concern?
Days after the collapse of Silicon Valley Bank, another financial titan is showing signs that all is not well. Deutsche Bank, one of the financial world's most prominent players, witnessed a sharp and steady fall in its shares.
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186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
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11 Days Of Turmoil That Brought Down 4 Banks, Left A Fifth Teetering
The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
-
AI Started As A Dream To Save Humanity. Then, Big Tech Took Over.
Many AI builders say this tech promises a path to utopia. Others say it could bring about the collapse of our civilization. In reality, the science-fiction scenarios have distracted us from the more insidious ways AI is threatening to harm society.
-
FTX's Sam Bankman-Fried Could Be Planning to Blame Lawyers Who Helped Launch Firm in Criminal Case
Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.
-
Goldman Sachs Being Probed Over Silicon Valley Bank Collapse
US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.
-
US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
-
For Silicon Valley Startups, The Worst Is Yet To Come
The startup world has had a tough year - plagued by mass layoffs, plummeting venture capital investment and the chaotic collapse of Silicon Valley Bank. But many in tech believe that the worst is yet to come.
-
How Razorpay Helped Over 80 Indian Startups, Moved Over Rs 60 Crores To India After SVB Collapse In Just 10 Days
Razorpay swung into action and began working with its banking partners to help ease the stress among startups.
-
"Addiction Forced Into System": Raghuram Rajan Expects More Bank Troubles
Raghuram Rajan, the former IMF chief economist who predicted the global financial crisis more than a decade ago - warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.
-
"Textbook Case Of Mismanagement": Top Official On Silicon Valley Bank
The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher banking regulation, according to prepared remarks by a top Federal Reserve official.
-
"Think Of India": Union Minister To Global Startups Amid Banking Crisis
Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.
-
Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."
-
US Firm Acquires Silicon Valley Bank After It Went Bankrupt
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
-
Nifty, Sensex Open Higher As SVB Acquisition Talks Bring Relief
Indian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed Silicon Valley Bank brought relief to markets, although fears of contagion
-
Deutsche Bank Shares Tumble: Is This A Cause For Concern?
Days after the collapse of Silicon Valley Bank, another financial titan is showing signs that all is not well. Deutsche Bank, one of the financial world's most prominent players, witnessed a sharp and steady fall in its shares.
-
186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
-
11 Days Of Turmoil That Brought Down 4 Banks, Left A Fifth Teetering
The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
