silicon valley bank collapse

U.K. Prime Minister Rishi Sunak recognises ‘anxiety’ over Silicon Valley Bank collapse

by
U.K. Prime Minister Rishi Sunak recognises ‘anxiety’ over Silicon Valley Bank collapse

File photo of Britain’s Prime Minister Rishi Sunak. Mr. Sunak on March 12, 2023, said the government is working towards safeguarding customers in the aftermath of the Silicon Valley Bank collapse. | Photo Credit: Reuters British Prime Minister Rishi Sunak said on March 12 he recognised the “anxiety” over the collapse of Silicon Valley Bank … Read more

SVB rivals field calls from startups seeking new home for funds

by
SVB rivals field calls from startups seeking new home for funds

A few banks are emerging as potential beneficiaries as some startups withdraw funds from Silicon Valley Bank. The chief executive officer of Mercury, Immad Akhund, tweeted that his “DMs + emails are going a little crazy” and posted a link for those seeking to open an account. The company describes itself as “financial technology company, … Read more