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  • Elizabeth Warren says Fed chair ‘failed' and calls for inquiry into bank collapse

    8 days ago - By Up Worthy

    Political fall-out in the US from the collapse of Silicon Valley Bank continued on Sunday when leftwing Senator Elizabeth Warren hit the morning talk shows and repeatedly called for an independent investigation into US bank failures and strongly criticised Federal Reserve finance officials. The... siliconvalleybank elizabethwarren federalreserve democrat massachusetts marydaly jeromepowell daly svb siliconvalley
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  • U.S. bank turmoil reflects blatant failure by the Fed, expert says

    8 days ago - By Up Worthy

    WASHINGTON - Financial markets worldwide are rattled by the bankruptcy protection filing by Silicon Valley Bank and troubles faced by other American banks. How did U.S. regulators not detect the potential crisis until recently, and was the handling of the bankruptcy appropriate? siliconvalleybank
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  • Report: Silicon Valley Bank's U.K. Subsidiary Handed Out Over $18M In Bonuses Days After HSBC Rescue

    8 days ago - By Up Worthy

    Silicon Valley Bank's U.K. subsidiary reportedly handed over $18 million in bonuses days after HSBC Holdings Plc HSBC was roped in as part of a rescue deal to save the institution from insolvency. Payouts to staff, which included senior executives, were given earlier last week by HSBC, SVB U.K.'s... siliconvalleybank hsbcholdingsplchsbc hsbc svb skynews santaclara treasury lawrencesummers svbfinancialgroup chapter11
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  • The West was founded by whiny pioneers. Silicon Valley Bank is just the latest

    8 days ago - By Up Worthy

    As Silicon Valley Bank went down the tubes, it wasn't surprising that the loudest mouths in Techworld started demanding that the federal government cover everyone's losses. When capitalism goes kersplat, even the most libertarian Peter Thiel adherents turn into New Dealers. Sure, they like to mock... siliconvalleybank techworld peterthiel newdealers fortwashington svb gregbecker siliconvalley turner pacific
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