"No one wakes up thinking they want to maximize the number of times they open Instagram that day," one Meta employee wrote in 2021. "But that's exactly what our product teams are trying to do."
It's the first major headwind to blow against a boom in climate-tech investing that was capped off by incentives in the US Inflation Reduction Act last year
Silicon Valley Bank became the financier to tech stars by offering an array of products tailored to their needs, that few other institutions dared
SVB's woes have been rooted in tens of billions of dollars it plowed into longer-term bonds, confident that rates would stay steady
Signature Bank, a New York state-chartered commercial bank that's FDIC-insured, had total assets of about $110.36 billion and total deposits of roughly $88.59 billion as of Dec. 31
The London-listed lender's "ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1," HSBC said in a statement Monday.
India has been the world's largest arms importer since 1993 and "tensions with Pakistan and China largely drive its demand for arms imports," the report added
Kremlin defiance is growing as efforts by the US and its allies to isolate Russia over its invasion of Ukraine are stalling in the face of reluctance among other countries to join
Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem
"Despite concerns of a slowdown in loan growth and margin compression, the earnings upgrade cycle continues for the banking sector," the analyst wrote
Fearing contagion would upend the industry, the US Federal Reserve, Treasury Department and Federal Deposit Insurance Corp. moved quickly over the weekend to protect customer deposits
The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022
He vowed to oppose foreign interference on Taiwan, a veiled reference to increasing American support for the democratically elected government in Taipei
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
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
On Sunday, regulators in New York closed Signature Bank. As of March 8, the bank still held $16.5 billion in crypto-related deposits
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
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
Circle said it's possible "SVB may not return 100 per cent and that any return might take some time"
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