Explore >> Select a destination
|
You are here 
|
www.freep.com | ||
| | | | |
observer.com
|
|
| | | | | Silicon Valley Bank, a commercial bank mainly holding deposits for venture capital-backed startups, was taken over by the federal government today (March 10) after a bank run drained its cash reserve and a last-minute effort to raise capital failed. | |
| | | | |
www.fool.com
|
|
| | | | | SVB Financial sparked fear in the banking system after it collapsed last week. | |
| | | | |
www.eliza-ng.me
|
|
| | | | | The recent news of the demise of Silicon Valley Bank (SVB) has sparked debate over the role of government in protecting depositors and ensuring that banks do not become a burden on taxpayers. SVB's failure was caused by its heavy investment in long-term bonds, whose value dropped when interest rates rose. This left the bank unable to meet its obligations to depositors, who would have lost their money had the government not stepped in with emergency funds. | |
| | | | |
newrepublic.com
|
|
| | | It was impossible to watch Michelle Obama's convention speech tonight and not think of Ann Romney's last week in Tampa. There were, most obviously, the sartorial and physical contrasts between the two women: as if in rebuke to Romney's long-sleeved red dress from that most traditional of first-lady designers, Oscar de la Renta, Obama strode onstage in a shimmery pink-and-grey, muscle-baring numbe... | ||
