Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN Business

Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN Business

CNN  —  When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those … Read more

Yellen: ‘Not anticipating a downturn’ in the US economy | CNN Business

Yellen: ‘Not anticipating a downturn’ in the US economy | CNN Business

Minneapolis CNN  —  US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said at a press conference Tuesday … Read more

The forgotten rescue plan that could prevent another SVB-like collapse | CNN Business

The forgotten rescue plan that could prevent another SVB-like collapse | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  After Silicon Valley Bank and Signature Bank failed, the US government stepped in with … Read more

Silicon Valley Bank collapses after failing to raise capital | CNN Business

Silicon Valley Bank collapses after failing to raise capital | CNN Business

New York CNN  —  Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of a meltdown across the banking industry. Its failure marks the largest shutdown of a US bank since 2008, when Washington Mutual fell during the financial crisis. California regulators closed down the … Read more