The class action suit was filed against Silicon Valley Bank, chief executive officer Greg Becker, and chief financial officer Daniel Beck.
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The class action suit was filed against Silicon Valley Bank, chief executive officer Greg Becker, and chief financial officer Daniel Beck.
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Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos” such as BTC.
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Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21).
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In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations.
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Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days.
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The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB’s British arm.
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The White House assessed the impact of Silicon Valley Bank’s failure over the weekend with a keen attention to venture capital firms and regional banks.
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The FDIC has reportedly started an auction process on late Saturday for Silicon Valley Bank. Bids are open for just a few hours.
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An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom.
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Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank as a way to limit the fallout of the bank’s collapse and subsequent extinction of tech companies.
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