The ridiculous argument that rescuing Silicon Valley Bank was a populist cause.
Imagine that the government had left SVB deposits up to fate. In that event, why would anyone bank anywhere other than JPMorgan, Bank of America, Citigroup, Wells Fargo, and the like? There’s an extremely simple answer, which I am qualified to give, because I am a reasonably normal American person with a bank account, not a venture capital-funded startup or midsize company.
All of my savings are with a digital bank that has no brick-and-mortar branches and that most people, I’m guessing, have never heard of. I have never spent a single second parsing my bank’s financial statements, and I picked my bank via a helpful series of articles about online banks on Bankrate.com. I bank with this institution because my savings account there earns me lots of interest, now more than 3.5 percent.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Silicon Valley Bank collapse could slow the transition to clean energySilicon Valley Bank cast a wide shadow over climate tech, with half its startups doing business with there. The collapse could impact investment in the sector. “It was the go-to bank for clean tech startups,” said Leah Ellis, CEO of Sublime Systems.
Weiterlesen »
Will the Silicon Valley Bank collapse trickle from Wall Street to Main Street?A run on deposits at Silicon Valley Bank and Signature Bank have caused concern at other regional banks that lend heavily to small and mid-size businesses.
Weiterlesen »
Silicon Valley Bank 'conducting business as usual', new CEO saysSilicon Valley Bank's new boss Tim Mayopoulos on Monday told clients that the lender is open and conducting business as usual, according to a letter seen by Reuters.
Weiterlesen »
Silicon Valley Bank Failure: Bank CEO says it'll actually boost trustA bank CEO explains how the Silicon Valley Bank failure could actually build trust in the system and why it'll have little impact on Fed policy
Weiterlesen »
Digital panic sped the downfall of both Silicon Valley Bank and FTXThere's a shocking similarity between the downfall of FTX and the implosion of Silicon Valley Bank, Fundstrat says
Weiterlesen »
HSBC Acquires Silicon Valley Bank UK — Sale Facilitated by Government, Bank of England – Finance Bitcoin NewsThe British government and the central bank, the Bank of England, have facilitated a private sale of Silicon Valley Bank UK to HSBC.
Weiterlesen »