From: zerohedge Fatal Distraction? Senior SVB Risk Manager Oversaw Woke LGBT Programs | ZeroHedge While Silicon Valley Bank careened toward its spectacular collapse, the bank’s head of risk management for Europe, Africa and the Middle East devoted a chunk of her time to various LGBTQ+ programs.  Meanwhile, SVB went without a chief risk officer (CRO) from April […]

From: zerohedge “Never Seen In Over 40 Years” – SVB Collapse Sparks Bank Runs As People Wait In Lines | ZeroHedge Friday morning’s seizure of Silicon Valley Bank by the Federal Deposit Insurance Corporation (FDIC) underscores the banking sector’s vulnerability, exposing the Federal Reserve’s lack of foresight in combating inflation through aggressive interest rate hikes […]

From: zerohedge Yellen Says Government Will Help SVB Depositors But “No Bailout” As Fed, FDIC “Hope” Talk Of Special Vehicle Prevents More Bank Runs | ZeroHedge With just hours left until futures open for trading late on Sunday afternoon, the situation remains extremely fluid and for now it appears that regulators, central bankers and treasury […]

From: zerohedge USDC ‘Stablecoin’ Breaks Peg As Circle Admits Billions Stuck With SVB | ZeroHedge Yesterday afternoon, after the equity market close, USD Coin (USDC) issuer Circle revealed that $3.3 billion of its $40 billion reserves were tied up in now-failed Silicon Valley Bank (SVB). Specifically, on March 9, Circle initiated a wire transfer to […]

From: zerohedge Game Over: FDIC Shutters Silicon Valley Bank, Appoints Receiver | ZeroHedge Update (1135ET):  Game over for Silicon Valley bank. *FDIC: SVB BANK CLOSED BY CALIFORNIA REGULATOR *FDIC: SVB BANK IS FIRST INSURED INSTITUTION TO FAIL THIS YEAR *FDIC CREATES A DEPOSIT INSURANCE NATIONAL BANK OF SANTA CLARA *FDIC: NAMED FEDERAL DEPOSIT INSURANCE FDIC […]

From: zerohedge Atmospheric River Pounds California With Moisture-Packed Storms | ZeroHedge On Friday, an atmospheric river moves inland, pounding Northern and Central California with a series of moisture-packed storms. According to the National Weather Service, the mountains will experience “copious amounts of heavy snow,” while the lower elevations will experience “significant rainfall.”  NWS’ Weather Prediction […]

From: zerohedge Silicon Valley Bank Deposit-Outflows Overwhelming Sales Process, Yellen “Monitoring A Few Banks” | ZeroHedge Update (1030ET): In a hearing before the US House Ways & Means Committee Friday, Treasury Secretary Janet Yellen said the department is monitoring “a few” banks amid issues at SVB. Additionally, Reuters is reporting that SVB told its employees in […]

From: zerohedge COVID Conspiracy Theories Become Conspiracy Facts | ZeroHedge At first slowly but in recent weeks with seemingly gathering pace, two trends have emerged. On the one hand, many of the core claims behind lockdowns, masks, and vaccines are unravelling and the prevailing narrative has been in retreat on all three fronts. But there […]

From: zerohedge Founders Fund, Other VCs Advise Companies To Pull Cash From SVB | ZeroHedge Update (1730ET): SVB must have seriously upset someone… Founders Fund, the venture capital fund co-founded by Peter Thiel, has reportedly advised companies to pull money from Silicon Valley Bank.. The firm told portfolio companies that there was no downside to […]

From: zerohedge Watch Live: Taibbi And Shellenberger Testify Before House ‘Weaponization’ Panel | ZeroHedge Journalists Matt Taibbi and Michael Shellenberger are testifying before the House Judiciary Committee’s Select Subcommittee on the Weaponization of the Federal Government today. Both journalists were involved in the ‘Twitter Files’ disclosures, in which we learned that the government was directly […]