silicon valley bank - Unusual Whales

Sign in Subscribe

silicon valley bank

A collection of 15 posts

silicon valley bank

Silicon Valley Bank CEO Greg Becker doesn't want to give up any of the $10 million annual pay he made before the bank collapsed

Per NYT While Silicon Valley Bank collapsed, its CEO Greg Becker could still make $10 million in annual pay before that happened. This came as he was able to cash out millions in stock options just weeks before the collapse of the lender. Recently, Becker had to appear before the

Bernie Sanders comments on SVB collapse, shedding light on the CEO being the director of the San Francisco Fed

Per Bloomberg Bernie Sanders has spoken up about the recent Silicon Valley Bank collapse, providing a statement saying the most absurd thing about it was the link between the CEO and the San Francisco Fed. The senator then said he would be introducing a bill to counter this. Sanders revealed

first republic bank

List of banks that rescued First Republic Bank by sending $30 billion

Per WSJ The Wall Street Journal released the list of eleven banks that reportedly rescued First Republic Bank by sending a total of $30 billion in cash to help stop the panic from spreading. Here are the names of the banks and how much they reportedly gave to First Republic

Sen. Elizabeth Warren asks if Silicon Valley Bank and Signature Bank execs would return five-year earnings

Per CBS News Massachusetts Senator Elizabeth Warren is now calling on the executives of both Silicon Valley Bank and Signature Bank, asking if they would return what they earned in salary and bonuses over the last five years before the collapse of their banks. Warren called for tougher regulations after

Yellen says only banks that pose a systematic risk threat would get that treatment

Per C-SPAN When discussing the Fed's decisions regarding Silicon Valley Bank, Senator James Lankford asked treasury Secretary Janet Yellen critical questions regarding whether other community banks would get the same treatment. The Senator mentioned SVB and Signature bank, as both were assisted by the Feds. Sen. Lankford'

Shark Tank's Kevin O'Leary advises startup CEOs to limit bank deposits

Per Business Insider Shark Tank investor Kevin O'Leary has advised his CEOs regarding limiting bank deposits. This comes in the wake of Silicon Valley Bank's collapse, and the glooming outlook on the banking system as more regional banks have taken a hit. O'Leary warned

Blackrock CEO warns of US regional banking risks after SVB collapse saying inflation to persist and rates to rise

Per Reuters Blackrock CEO Laurence "Larry" Fink shared in an annual letter that he expects interest rates to rise even more and that the US regional banking sector remains at risk after Silicon Valley Bank collapsed. The CEO expects inflation to persist and rates to continue to rise,

silicon valley bank

Observers said social media posts helped fuel banking system concerns amid the Silicon Valley Bank collapse

Per WSJ Lawmakers and social-media observers said that many messages on social media helped fuel anxiety during a time when people were less confident with the US banking system. An article by WSJ mentions "Twitter and other social media platforms" as factors that affected the recent runs on

bank of america

Bank of America benefited from Silicon Valley Bank's collapse as it received over $15 billion in new deposits

Per CNBC TV18 Bank of America is among the entities that have benefited greatly from the collapse of Silicon Valley Bank. The bank received over $15 billion in new deposits, per Bloomberg. Silicon Valley Bank recently collapsed as more users started withdrawing money, and the bank struggled to supply deposits.

CA Gov Gavin Newsom doesn't mention being a client while lobbying for Silicon Valley Bank

Per The Intercept California Governor Gavin Newsom has urged the government and the Feds to bail out Silicon Valley Bank after it collapsed. This was done without revealing that he actually had a personal account within the bank. Gov. Newsom recently praised the Biden administration after measures were taken to

Sweden's biggest pension fund Alecta had its $609 million investment in SVB drop to just $279 million

Per CNBCTV18 Alecta, Sweden's biggest pension fund, has lost money on Silicon Valley Bank. The fund's initial investment was $609 million, but after the bank collapsed, it was worth just $279 million. Aleca reportedly oversees assets worth over $104 billion, and in 2022, the fund decided

OpenAI CEO Sam Altman saves startup Rad AI by sending a six-figure loan to make payroll after SVB collapse

Per Business Insider The collapse of Silicon Valley Bank has resulted in certain startups struggling to make payroll. Rad AI is one of those startups, and its CEO, Doktor Gurson, emailed OpenAI's CEO, Sam Altman to ask for financial assistance, which resulted in Altman extending a six-figure loan.

HSBC rescues Silicon Valley Bank UK by acquiring it for £1

Per CNBC As the Silicon Valley Bank collapsed, so did its UK arm. HSBC has decided to come to the rescue and purchase SVB UK for just £1, equivalent to $1.21. However, this doesn't include assets and liabilities owned by the parent company of SVB UK. HSBC

US banks had unrealized losses worth $620 billion by the end of 2022, per FDIC

Per CNN After the collapse of Silicon Valley Bank, questions have started to arise regarding how much actual debt certain banks have. The FDIC revealed that US banks had a total of $620 billion in unrealized losses by the end of 2022. Unrealized losses refer to assets that have lost

silicon valley bank

Silicon Valley Bank CEO says 'My ask is to stay calm because that’s what is important' as stock halted after another 60% drop

Per CNBC Silicon Valley Bank CEO Greg Becker gave a statement trying to calm investors and entrepreneurs on Thursday afternoon. The company didn't open for trading at 9:30 after its shares dropped by 62% premarket trading. Becker: “My ask is to stay calm because that’s what