Silicon Valley Bank

FDIC Chairman Testifies on SVB, Signature Bank Failures

Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg testifies before the Senate Banking Committee on the failures of Signature Bank and Silicon Valley Bank.

By CoinDesk Inc

Mar 28, 2023 at 5:05 p.m. UTC

Mar 28, 2023

FDICFederal Deposit Insurance CorporationSenate Banking CommitteeSignature BankSilicon Valley BankMartin gruenberg

Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.

U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks

FDIC chief Martin Gruenberg said a probe is underway as he and Fed Vice Chairman Michael Barr get set to tell U.S. senators what went on at Silicon Valley Bank, Signature Bank and Silvergate Bank.

By Jesse Hamilton

Mar 27, 2023 at 6:46 p.m. UTC

Mar 27, 2023

regulationsFDICFederal ReserveSilvergate BankSilicon Valley BankSignature BankSenate Banking Committeehearing

Former CFTC Chairman Giancarlo on U.S. Crypto Regulation, CBDCs

J Christopher Giancarlo Willkie Farr Gallagher Senior Counsel and former CFTC Chairman discusses the state of U S crypto regulation as a deal has been finalized for what’s left of Silicon Valley Bank Plus Giancarlo's take on the future of central bank digital currencies CBD Cs as the co founder of the Digital Dollar Foundation [...]

By CoinDesk Staff

Mar 27, 2023 at 3:35 p.m. UTC

Mar 27, 2023

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Video

Nikhilesh de

First Citizens to Purchase Much of Silicon Valley Bank

The Federal Deposit Insurance Corp. (FDIC) announced late Sunday U.S. time that it had finalized a deal with Raleigh, N.C.-based First Citizens Bank to acquire the deposits and loans of the failed Silicon Valley Bank. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments.

By CoinDesk Staff

Mar 27, 2023 at 3:25 p.m. UTC

Mar 27, 2023

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Markets

First mover

First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank

The latest price moves in crypto markets in context for March 27, 2023.

By Lyllah Ledesma

Mar 27, 2023 at 12:20 p.m. UTC

Mar 27, 2023

First MoverMarketsBitcoinSilicon Valley BankCathie wood

Federal Deposit Insurance Corporation (FDIC) (George Rose/Getty Images)

Finance

Silicon valley bank

First Citizens to Buy Much of Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits

The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which are potentially worth up to $500 million.

By Sam Reynolds

Mar 27, 2023 at 6:20 a.m. UTC

Mar 27, 2023

Silicon Valley BankFDICacquisitionBanking

Finance

Silicon valley bank

First Citizens to Buy Silicon Valley Bank: Bloomberg

SVB, a bankrupt lender, was the bank for some big crypto firms, including Circle Internal Financial.

By Sam Reynolds

Mar 27, 2023 at 5:37 a.m. UTC

Mar 27, 2023

Silicon Valley BankSvb financialSvbacquisitionFDIC

Consensus Magazine

Opinion

Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.

By Michael J. Casey

Mar 24, 2023 at 5:13 p.m. UTC

Mar 24, 2023

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Finance

Opinion

Crypto Is the Solution to Bank Runs, Not the Cause

Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.

By Adam Blumberg

Mar 23, 2023 at 12:45 p.m. UTC

Mar 23, 2023

OpinionNewslettersCrypto for AdvisorsSilicon Valley BankSignature BankSilvergate BankSelf custodyTransparencySettlement

Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C. (kkwc.com)

Policy

Svb financial

SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert

The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.

By Fran Velasquez

Mar 22, 2023 at 6:59 p.m. UTC

Mar 22, 2023

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