There’s a chance Silicon Valley Bank can make a comeback. Elon Musk, CEO of both Twitter and Tesla, has dropped (1) hints that the social media giant may acquire the troubled Silicon Valley Bank. In light of the current situation, Min-Liang Tan suggested (2) on Twitter that the company acquire SVB and transform itself into a … Read more
Robert Kiyosaki has issued a warning that a third U.S. bank will fail, while Peter Schiff has stated that a “greater collapse” is on the horizon. As a result of the failure of Silicon Valley Bank (SBV) & Silvergate Bank within forty-eight hours, the financial system in the United States has been jolted, and economic … Read more
The share price of Silicon Valley Bank, which also operates under the name SVB Financial Group, has dropped by 23.52% in the Pre-Market, after a stunning drop of 60.41% on Thursday. The company is currently experiencing the worst of its days. Considering the significant drop in the price of the bank’s shares, SVB Financial Group … Read more
The cryptocurrency venture capital firms’ portfolio companies were encouraged by the firms to withdraw their assets from the United States commercial bank Silicon Valley Bank (SVB). Specifically, five crypto-focused VC investors have strongly recommended to their portfolio firms that they remove their cash from the banks as a safeguard. This comes when Silicon Valley Bank Financial … Read more