‘Be Your Own Bank' Mantra More Relevant Than Ever

8 days ago | By Up Worthy

We're not even three months into 2023 and we've already had the first major instance of contagion in the crypto industry. The collapse of Silicon Valley Bank , New York lender Signature Bank, and crypto-friendly bank Silvergate sent shockwaves through the financial world over the past week as... siliconvalleybank svb silvergate ftx usdcoin circle usdc dai frax celsius
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Silicon Valley, Signature

8 days ago | By Up Worthy

Study finds 186 banks vulnerable to SVB-like collapse

8 days ago | By Up Worthy

A new study says that, depending on certain market conditions, nearly 200 U.S. banks could be vulnerable to the same fate as Silicon Valley Bank. A recent Social Science Research Network study suggests that 186 American banks could fail if half of their depositors suddenly withdrew their... siliconvalleybank svb fdic federalreserve
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Green handouts shaped SVB biz, DeSantis exposes book-ban hoax and other commentary

8 days ago | By Up Worthy

“If government funds it, they will come,” snarks The Wall Street Journal's Kimberley A. Strassel. “That's one overlooked story line” in Silicon Valley Bank's collapse. In recent years, SVB's clients have “skewed in one direction,” including 1,150 in the climate-tech and sustainability sector. The... wallstreetjournals kimberleyastrassel siliconvalleybanks svb teambiden albany newyorkcity longisland empirecenters jamesehanley
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Silicon Valley Bank collapse concerns founders of color

8 days ago | By Up Worthy

FILE - Security guards let individuals enter the Silicon Valley Bank's headquarters in Santa Clara, Calif., March 13, 2023. While Wall Street struggles to contain the banking crisis after the swift demise of SVB - the nation's 16th largest bank and the biggest to fail since the 2008 financial... filesecurity siliconvalleybank santaclara svb benjaminfanjoy file siliconvalleybanks whatsapp socialsecuritynumber asyabradley
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