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Here's how Silicon Valley Bank served the tech industry and beyond

Conceived over a poker game between two of its founders nearly 40 years ago, the firm grew into the single most critical financial institution for the nascent tech scene

Silicon Valley Bank's collapse highlights fickleness of crypto money

Events last week showed that Kiyotaki-Moore may have been right, not just in their analysis but also in their hyperbole: People accept and hold money not because it circulates freely

UK PM Rishi Sunak takes nuanced approach to China threat in defence plan

It's a regime that is increasingly authoritarian at home and assertive abroad and has a desire to reshape the world order," Sunak told reporters on his way to the US Sunday

Billions worth of crypto trades at risk as shutdown of 3 banks takes toll

On Sunday, regulators in New York closed Signature Bank. As of March 8, the bank still held $16.5 billion in crypto-related deposits

India to ensure no breach on Russia oil purchase sanctions

Western countries led by the US had put a price cap of $60 per barrel on exports of Russian oil in a bid to crimp revenues to the Kremlin and keep some oil on the market

HPS, Oaktree among firms pitching deals for trapped SVB deposits

According to the report, some are offering to buy claims on the deposits of SVB clients, including startups and publicly traded companies, at discounts of between 60 cents to 75 cents on the dollar

Silicon Valley Bank fallout: A breather as USDC jumps back to $1 peg

Circle said it's possible "SVB may not return 100 per cent and that any return might take some time"

From Shanghai to Mumbai, tech chiefs race to contain SVB fallout

And while the direct impact to Asia is limited because of SVB's focus on Silicon Valley, the collapse is set to affect the banking industry's credibility

Fallout from SVB collapse spreads around world from London to Singapore

Founders are warning that the bank's failure could wipe out startups around the world without government intervention

FDIC, US Fed discuss fund to backstop deposits if more banks fail

The hope is that setting up such a vehicle would reassure depositors and help contain any panic

SVB's stranded deposits spread the pain from tech to Napa Valley

Silicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried to make $42 billion in withdrawals

SVB depositors, investors tried to pull $42 bn on Thursday amid jitters

At the close of business on March 9, the bank had a negative cash balance of $958 million, according to an order taking possession of the bank filed Friday by California's bank regulator

Silicon Valley Bank rocks California as founders join Napa vintners in fear

From wealthy founders to Napa vineyard owners, clients were scrambling to secure funds or find out basic information about what would happen to their deposits

SVB chief Greg Becker sold $3.6 mn in stock days before bank's failure

The sale of 12,451 shares on Feb. 27 was the first time in more than a year that Becker had sold shares in parent company SVB Financial Group, according to regulatory filings

Safety law likely to shut UK WhatsApp services, says Will Cathcart

The Online Safety Bill before Parliament could effectively make the service's privacy features illegal

Inflation going in right direction, Joe Biden says after jobs data

The US added 311,000 jobs in February, beating estimates, but the unemployment rate also rose to 3.6% while monthly wages rose at the slowest pace in a year

SVB shares halted for pending news after sinking another 69% premarket

Adding to SVB's woes, venture capitalists including Peter Thiel's Founders Fund urged portfolio businesses to limit their exposure to the firm

Bitcoin drops below $20,000, set for worst week since FTX crash in November

The largest token fell as much 3.2% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on Thursday. Smaller coins like Ether, Solana also added to losses

Govt's efforts to avoid power crisis set to boost LNG imports in summers

An early onset of hot weather has already pushed power demand to near-record levels, stoking fears of a repeat of the intense heat wave last year

Why is everyone talking about SVB? Here's all that you need to know

Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio