Silicon Valley banks

According to reports, JPMorgan Chase CEO Damon stated in an interview that relaxing banking regulation during the Trump administration was not the main cause of the current banking

According to reports, a spokesman for the Federal Reserve confirmed that the Federal Reserve\’s internal regulators have launched an investigation into the bankruptcy of banks in Si

According to reports, Rohit Chopra, director of the United States Consumer Financial Protection Agency (CFPB), said that the recent failures of medium-sized U.S. banks showed that

According to reports, Andreessen Horowitz told investors that he would continue to cooperate with Silicon Valley banks in the future, while also formulating a long-term diversification plan. （Business Insider） Interpretation of this information: The recent report from Business Insider stated that Andreessen Horowitz informed its investors that it would maintain its collaboration with banks in Silicon Valley and conceive a long-term diversification plan. The message resonates the company’s determination to leverage its strength and expertise by partnering with financial institutions in Silicon Valley. Collaborating with these banks has likely provided…

According to reports, according to market news, the Federal Deposit Insurance Corporation of the United States has partnered with Piper Sandler to restart the plan to sell Silicon Valley banks. Interpretation of this information: The Federal Deposit Insurance Corporation (FDIC) of the United States has collaborated with Piper Sandler, an American independent investment bank and financial services company, to resurrect the plan for selling Silicon Valley banks. This plan had previously been halted due to the COVID-19 pandemic, but now it appears to be gaining momentum once again. The selling…

According to the report, Jeremy Allaire, the chief executive of Circle, said in the latest interview with CNBC that if the U.S. government did not intervene in Silicon Valley banks, Circle would take “preventive measures”, including using its own corporate balance sheet and external funds, so it was very confident in capital. Fortunately, Circle does not need to do so now. Jeremy Allaire also said that he would not be “angry” about the behavior of Silicon Valley banks, because the main reason for these problems is the rising US dollar…

It is reported that a few days ago, it was reported that Oak Capital and other hedge funds planned to purchase the assets of Silicon Valley banks at a discount. Oak Capital responded to the reporter on the evening of March 13, Beijing time, “no comment”. Interpretation of this information: The recent news about Oak Capital and other hedge funds planning to purchase the assets of Silicon Valley banks at a discounted price has caused a stir in the financial world. However, Oak Capital has declined to comment on the…

It is reported that Ripple CEO Brad Garling house tweeted that Ripple has some exposure to Silicon Valley banks. Silicon Valley Bank is Ripple’s banking partner and holds part of Ripple’s cash. However, Ripple’s daily business is not expected to be disturbed, and most of the dollars are deposited in other banks. In addition, Ripple’s financial position remains stable. Recent events have highlighted the fragility of the financial system. Interpretation of this information: The tweet by Ripple CEO Brad Garlinghouse indicates that Ripple has some exposure to Silicon Valley banks,…

On March 13, Indian SaaS company Freshworks said that compared with the company’s entire balance sheet, the current exposure to banks in Silicon Valley is the smallest; Work with corporate customers and suppliers who use Silicon Valley bank accounts to transfer these accounts to other banks; At present, most of the company’s cash and securities are not deposited in Silicon Valley banks. Interpretation of this information: Freshworks, a SaaS company based in India, announced on March 13 that the exposure to Silicon Valley banks is the smallest in its entire…

It is reported that Meitu announced at the Hong Kong Stock Exchange that the Group has not held any bank accounts or funds in Silicon Valley banks since 2020, nor has the Group had any current or ongoing banking relationship with Silicon Valley banks.   Interpretation of this information: Meitu, a Chinese technology company, made an announcement at the Hong Kong Stock Exchange indicating the company’s lack of any banking relationship with Silicon Valley banks. The announcement revealed that the group had not held any bank accounts or funds in…

According to reports, US Senator Menendez said that he was not prepared to provide assistance to Silicon Valley banks from any perspective. Interpretation of this information: The message suggests that US Senator Menendez is unwilling to provide support to Silicon Valley banks. It is unclear what specific type of assistance the Senator is referring to, but the tone of the statement implies a general opposition. The reason for this could be due to a range of factors. There are potential political and financial factors that could be behind the Senator’s…

According to reports, Watcher.guru disclosed information on social media, the Federal Deposit Insurance Corporation (FDIC) of the United States said that it would pay a certain proportion of deposit funds to uninsured depositors of Silicon Valley banks as “advance dividend”. Interpretation of this information: The Federal Deposit Insurance Corporation (FDIC) of the United States has recently come forward stating that it plans to pay a certain proportion of deposit funds to uninsured depositors of Silicon Valley banks as an “advance dividend”. This statement was revealed by an account named Watcher.guru…

It is reported that the British Chancellor of the Exchequer said that the British government regarded the issue of Silicon Valley banks as a “high priority”. In addition, the UK Ministry of Finance said, “We are stepping up the development of solutions to avoid or minimize the losses caused by the failure of Silicon Valley Bank. We will immediately put forward plans to ensure that the short-term operation and cash flow needs of customers of Silicon Valley Bank’s UK subsidiaries can be met.” Interpretation of this information: The message reports…

On March 11, the bank team of Guoxin Securities Economics Research Institute believed that the problem of Silicon Valley banks this time was that they absorbed a large amount of low-cost deposits during the period of loose liquidity and allocated long-term bond assets, resulting in a significant increase in potential interest rate risk, and the Fed’s interest rate increase exposed the problem. We believe that the problem rate of banks in Silicon Valley will not evolve into a broader crisis, mainly because the company’s problems are relatively independent and there…

It is reported that up to now, including Circle, the issuer of the stable currency USDC, BlockFi, the encryption lending institution, LayerZero Labs, the development team of the interoperability agreement LayerZero, and PROOF, the parent company of the NFT project Moonbirds, the NFT project Yuga Labs, and Azuki hold deposits in Silicon Valley banks. Interpretation of this information: The recent news of several major blockchain companies holding deposits in Silicon Valley banks may have significant implications for the decentralized finance (DeFi) industry. According to reports, Circle, the issuer of the…

It is reported that Kraken CEO, the cryptocurrency trading platform, has no risk exposure to Silicon Valley banks. Interpretation of this information: The recent news that the CEO of Kraken, a leading cryptocurrency trading platform, has no risk exposure to Silicon Valley banks has caused a stir in the financial world. This announcement is significant because it highlights the fact that most cryptocurrency exchanges are not backed by traditional banking systems, which can leave them vulnerable to hacks and other security breaches. According to reports, Kraken CEO Jesse Powell has…

According to reports, Circle said on Twitter that about US $40 billion of USDC reserves had US $3.3 billion kept in Silicon Valley banks. Interpretation of this information: The announcement made by Circle has caught everyone’s attention as they revealed that around US $40 billion of USDC (USD Coin) reserves were being held in Silicon Valley banks. It has sparked interest among individuals as the use of cryptocurrencies is becoming increasingly popular, and many investors are curious about the underlying assets used to back digital currencies. Circle is a financial…