greg becker – DIGIT INFO

‘How did this happen’ — Powell says Fed stumped over the collapse of SVB

DIGIT — Thu, 23 Mar 2023 03:54:58 +0000

In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”

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SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value

DIGIT — Fri, 17 Mar 2023 19:05:00 +0000

On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation (FDIC) placed it into receivership last week. 3 […]

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DOJ and SEC to probe SVB collapse and insider stock sales: Report

DIGIT — Wed, 15 Mar 2023 02:15:13 +0000

The investigations are separate from one another but will both look into Silicon Valley Bank’s collapse and stocks sold by executives prior to its fall.

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Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss

DIGIT — Fri, 10 Mar 2023 17:04:58 +0000

On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” […]

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US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall

DIGIT — Fri, 10 Mar 2023 02:40:28 +0000

Concerns have been raised around the financial health of the tech-focused bank, which services the likes of crypto-friendly VCs such as Sequoia and a16z.

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