Silicon Valley Collapse

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.

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.

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.

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.

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.

Razorpay swung into action and began working with its banking partners to help ease the stress among startups.

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.

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.

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, 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."

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.

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

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.

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.

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.

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.

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.

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.

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.

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.

Razorpay swung into action and began working with its banking partners to help ease the stress among startups.

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.

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.

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, 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."

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.

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

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.

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.

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.