Biden says taxpayers won't bail out silicon valley bank and the people responsible for its collapse will be held accountable: 'no one is above the law'

President Joe Bien said the bank's investors "knowingly took a risk" that didn't pay off and lost their money. "That's how capitalism works."...

March 13, 2023, 10:22 am

Biden says saving silicon valley bank helped economy ‘breathe easier'—but not all experts agree

That's how capitalism works,” Biden said Monday about equity stakeholders in the failed banks wholly losing their investments after depositors were ...

March 13, 2023, 9:34 am

Bank stocks alert: why first republic bank (frc) stock is down 60% today

Shares in First Republic Bank (NYSE: FRC ), based in San Francisco, plunged 60% overnight following the government's decision to ...

March 13, 2023, 8:46 am

'big short' investor michael burry blames svb's collapse on greed and recklessness - and draws parallels with the dot-com and housing crashes

Michael Burry blasted Silicon Valley Bank's bosses for the lender's failure, and hinted bailouts lead t...

March 13, 2023, 5:31 am

Bill ackman says u.s. did the 'right thing' in protecting svb depositors. not everyone agrees

Billionaire investor and Pershing Square CEO Bill Ackman said the U.S. government's intervention to protect depositors after the implosion of SVB is ...

March 13, 2023, 4:22 am

U.s. treasury says silicon valley bank, signature bank ‘not being bailed out’

WASHINGTON (Reuters) – New policies adopted on Sunday by U.S. banking regulators will “wipe out” equity and bondholders in Silicon Valley Bank a...

March 13, 2023, 12:21 am

"us official says banks not being bailed out" - nah, they're being bailed out, here's how

On the news here:

• ...

  March 12, 2023, 11:24 pm

Us treasury official says banks not being bailed out, depositors are being protected

A senior US Treasury official:

• The firms are not being bailed out, the depositors are be...

  March 12, 2023, 11:00 pm

New zealand data - february food price index +1.5% m/m (vs. prior +1.7%)

Eyes are on the US this morning in Asia and moves to rescue/bailout troubled bank SVB.

But, d...

March 12, 2023, 9:48 pm

First republic assures clients of continued strength of capital, liquidity, operations

From Friday related to the SVB turmoil:

• ...

  March 12, 2023, 9:06 pm

'risk' fx is trading higher on the chatter of a bailout &/or sale of distressed bank svb

I posted earlier on the early ...

March 12, 2023, 8:35 pm

U.s. treasury says silicon valley bank, signature bank 'not being bailed out'

New policies adopted on Sunday by U.S. banking regulators will "wipe out" equity and bondholders in Silicon Valley Bank and Signature Bank of New York...

March 12, 2023, 8:12 pm

Chatter is that hsbc and jp morgan are exploring buying troubled bank svb

Doing the rounds Sunday US time. HSBC the front-runner apparently.

Rescue / bailout in 3, 2, 1...

March 12, 2023, 8:08 pm

Some democrat-donor investors furious over biden's handling of svb

One of the deep-pocketed venture capitalists told The Post that Treasury Secretary Janet Yellen's statement Sunday throwing cold water on the possibil...

March 12, 2023, 7:00 pm

Us government bails out silicon valley bank depositors

In a Sunday announcement, the Federal Reserve Board announced it would "fully protect" all depositors who had funds in Silicon Valley Bank....

March 12, 2023, 6:46 pm

Bitcoin isn't waiting for the bailout announcement as it takes off in 7% rally

Bitcoin prices are at the highs of the weekend in a big bounce to $21,500 after falling as low as $18,540 on the weekend. That's a 7% rally that's ...

March 12, 2023, 6:42 pm

Uk races to minimise svb fallout amid reports of potential buyers

LONDON (Reuters) -British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andr...

March 12, 2023, 6:32 pm

Yellen says no bailout planned for silicon valley bank

Treasury Secretary Janet Yellen says the U.S. has no plans for a bailout of the collapsed Silicon Valle...

March 12, 2023, 5:57 pm

Reuters: us regulators are working to bail out svb customers

American regulators are working through the weekend on an extraordinary plan to make Silicon Valley Bank customers whole after the financial instituti...

March 12, 2023, 4:29 pm

Us government to make 'material' announcement on silicon valley bank today - report

The US government will make a 'material' announcement today to shore up deposits at Silicon Valley Bank, according to a report from Reuters. The ac...

March 12, 2023, 3:49 pm