Elon Musk is ‘open to the idea’ of buying Silicon Valley Bank as he lays Twitter payments groundwork
Musk is watching the Silicon Valley Bank failure with interest as he works to enable payments on Twitter.
Musk is watching the Silicon Valley Bank failure with interest as he works to enable payments on Twitter.
Major banks are likely to at least explore purchasing SVB businesses.
When Silicon Valley Bank busted, it had assets of $220 billion. Trump's rollback lifted the "systemically important" threshold from $50 billion to $250 billion.
The oustpoken "Match of the Day" presenter was suspended after comparing the Conservatives' migrant policy to Nazi Germany on his Twitter feed.
Startups may struggle to make payroll and there's no buyer in sight.
The scale of attempted withdrawals was so large that Silicon Valley Bank ran out of cash and ways to get it.
Former Treasury Secretary Summers urged regulators to be aggressive about "containing possible contagion.”
How much would you pay an artist to turn a luxury handbag into a unique piece of art?
Semiconductor demand is unpredictable—and resolving supply shocks will only become more difficult in the future.
A conversation between Musk and an ex-Twitter employee with a disability says a lot about vulnerable workers' struggles.
A Canadian vacation, Japanese bread, cosmetic surgery vouchers just to name just a few.
The Biden administration's newly released budget proposes an elimination of the “like-kind exchange” tax break for real estate investors.
“I was just in disbelief,” says 15-year-old Marissa Barnwell, adding that she told the teacher, "Get your hands off of me.”
Brent Schutte of Northwestern Mutual Wealth says, “SVB is a warning for the Fed that their actions are beginning to have an impact.”
The idea for it was hatched over a poker game nearly 40 years ago.
Tens of billions of dollars flooded into SVB during venture capital's bumper 2021, and it bet on interest rates staying steady by investing in longer-term bonds.
Venture-backed health companies account for 12% of SVB’s $173 billion of deposits and 36% of $168 billion in funds held off balance sheets as of year-end.
Regulators “have effective tools” to address the fallout from the second-biggest bank failure in U.S. history, Yellen said.
The first tweet was Jan. 18: "Dig just a little deeper, and you will find a much bigger set of problems at $SIVB.”
“We do not believe there is contagion risk for the rest of the banking sector on the heels of SVB's struggles,” David Trainer, CEO of the investment research firm New Constructs, told Fortune.
The tech and VC sector's most reliable lender collapsed literally overnight. How did that happen?