Silicon Valley Bank

News of New York

Oaknorth Profit Soars with US Expansion Plans and IPO Consideration
25 March 2024
4053
Oaknorth Rockets to Record Profits Challenger bank Oaknorth celebrates a remarkable fiscal year marked by soaring profits and ambitious expansion plans, signaling its potential entry into the public market. In a stellar display of financial prowess...
US Government Auctions SVB and First Republic Wine Collections
1 September 2023
3841
Banking on the Unusual In an unexpected turn of events, a federal agency has taken control of Silicon Valley Bank and First Republic Bank, leading to the auctioning of their prized wine collections. This intriguing development sheds light on the unc...
US Stock Market Posts Gains in Utilities, Health Care and Consumer Goods Sectors on Friday
25 March 2023
3746
Stock market on Friday The US stock market ended Friday's trading with gains in the utilities, health care and consumer goods sectors. At the close on the New York Stock Exchange, the Dow Jones was up 0.41 per cent, the S&P 500 was up 0.56 per ...
Warren Condemns Signature Bank's "Reckless" Cryptocurrency Investments in Wake of Regulator Seizure
16 March 2023
3779
Letter for the bank Senator Elizabeth Warren has written a letter to the CEO of Signature Bank, Joseph DePaolo, demanding answers for what she claims to be the bank's "excessive risk-taking" and promotion of a "get-rich-quick narrative" during its e...
USD Coin's 36-Hour Struggle to Maintain Peg Leaves Circle's Reputation in Tatters
14 March 2023
10087
Weekend raises risk of regulatory scrutiny Circle’s USD Coin, the world's second-largest stablecoin, took around 36 hours to fix its peg to the dollar after a liquidity crisis. While the token has been r...
The US stock market closed lower on Friday: Dow Jones down 2.82%
23 April 2022
3563
Stock indices continue to decline The US stock market ended Friday's trading lower amid negative dynamics from the telecoms, commodities and healthcare sectors. The Dow Jones was down 2.82% at the close on the New York Stock Exchange, the S&P 5...
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