The collapse of Silicon Valley Bank (SVB), a Santa Clara-based lender that had positioned itself as a darling of the tech industry, is expected to shake up one of the country’s most expensive housing markets, analysts say. Also, failure of Silicon Valley Bank has shook not just the region’s techContinue Reading
An Ad of the largest Cryptocurrency in terms of market cap, Bitcoin was spotted in front of the defunct bank Silicon Valley Bank, SVB. A white van directly in front of the bank displayed the Bitcoin advert. Recall that the was shutdown by regulators few days ago which has ledContinue Reading
Trading has stopped for one of the top leading European banks, BNP Paribas after 8% plunge in share price in early trading today. Banking crisis has now reached Europe, with shares of BNP Paribas and Credit Suisse falling this morning. Few days back, some banks in the United States ofContinue Reading
The United States Bureau of Statistics and Labour, BLS has released the long awaiting unemloyment rate. According to BLS, Total nonfarm payroll employment rose by 311,000 in February, and the unemployment rate edged up to 3.6 percent. Notable job gains occurred in leisure and hospitality, retail trade, government, and healthContinue Reading
There has been so much anxiety as Federal Open Market Committee (FOMC) set to hold its first meeting of the year, today February 1st. There are many anticipations and intrigues on how this meeting will affect NASDAQ, Dollar, International Stock and the Crypto market. Experts have predict that the resultContinue Reading
Silvergate is a bank that is governed by the financial industry because it is listed on the New York Stock Exchange. The bank recently reported that during the most recent quarter, its customers withdrew almost $8 billion from their accounts. The bank’s customers withdrew about two-thirds of their deposits duringContinue Reading
About 600,000 accounts that included assets worth $4.2 billion when Celsius filed for bankruptcy in July are impacted by the decision made by U.S. Bankruptcy Judge Martin Glenn in New York. Glenn wrote that the corporation does not have the money to completely reimburse such deposits. According to a 45-pageContinue Reading