#gregbecker

Silicon Valley Bank’s collapse is hitting financial hubs around the globe The UK Treasury announced today (March 13) that HSBC bought the UK arm of SVB for just £1 ($1.21) as financial hubs around the world seek to buffer the fallout from the lender’s multibillion-dollar collapse.Read more... https://qz.com/silicon-valley-bank-collapse-affected-countries-svb-1850219546

With SVB and Signature, the US is making a "systemic risk exception" for systemically unimportant banks With a resoluteness befitting a response to the threat of an all-out banking crisis, US banking regulators issued a joint statement on the evening of March 12, declaring that all depositors in the failed Silicon Valley Bank (SVB) will have full access to their funds starting March 13.Read more... https://qz.com/with-svb-and-signature-the-us-is-making-a-systemic-ri-1850217617