Silicon Valley Bank

According to reports, Mark Cuban, the boss of the NBA Dallas Lonely Rangers and the crypto investor, sent a paper on social media to analyze the Silicon Valley Bank incident. He said that the US FDIC’s insurance deposit compensation of US $250000 was too low, and the regulatory agency had never supervised and warned that the bankruptcy of the Silicon Valley Bank would cause many companies to be unable to pay wages. Mark Cuban suggested that the Federal Reserve should immediately purchase all the securities/liabilities owned by banks at a…

7:00-12:00 Key words: US Treasury, Silicon Valley Bank, Circle, Federal Reserve Interpretation of this information: The message is likely related to financial transactions and partnerships between the US Treasury, Silicon Valley Bank, Circle, and the Federal Reserve. The timeframe, from 7:00-12:00, may indicate a specific window of opportunity or a scheduled meeting time. The US Treasury is responsible for overseeing the nation’s finances, including taxation, borrowing, and spending. Its involvement in this message suggests that the topic may have significant implications for the economy at large. Silicon Valley Bank is…

On March 12, according to people familiar with the matter, the Federal Deposit Insurance Corporation (FDIC) of the United States is selling assets and providing uninsured deposits of some customers of Silicon Valley Bank as soon as possible on Monday. People familiar with the matter said that the amount of asset realization was 30-50% or more of the uninsured deposit. Interpretation of this information: In an effort to recoup funds and protect customers, the Federal Deposit Insurance Corporation (FDIC) is reportedly selling off assets and providing uninsured deposits of customers…

On March 12, according to people familiar with the matter, the management of the investment banking department of Silicon Valley Bank is exploring the option of repurchasing the company from its parent company. The above people said that Jeff Leerink, head of securities at Silicon Valley Bank, and his team were seeking help to provide funds for the potential management to acquire the company. One of the people familiar with the matter said that after the regulators took over Silicon Valley Bank, they were eager to reach a quick deal…

It is reported that the rating agency S&P downgraded the rating of the Bank of Silicon Valley to D, that is, the “default” rating, and then withdrew the rating; SVB Financial Group, the parent company of Silicon Valley Bank, was downgraded to CC. (Cailian Press) Interpretation of this information: The recent downgrade of the rating of Silicon Valley Bank by rating agency S&P has sparked concerns about the bank’s financial stability. The bank has now been rated as ‘default’ or D, which is the lowest rating a bank can be…

21:00-7:00 Key words: BlockFi, Silicon Valley Bank, Circle, Brex Interpretation of this information: The message pertains to several key players in the fintech industry. BlockFi, a crypto lending and borrowing platform, has partnered with Silicon Valley Bank to provide USD loans to its customers as a way to expand its offerings beyond just cryptocurrency-based loans. This partnership will allow BlockFi to better serve its institutional clients and expand its reach globally. Additionally, the message mentions Circle, a global financial technology firm, which has just announced the launch of its new…

According to reports, data shows that the CEO of Silicon Valley Bank has sold $3.57 million of SIVB shares in the past two weeks. Interpretation of this information: The recent news about the sale of $3.57 million worth of Silicon Valley Bank (SIVB) shares by the bank’s CEO has raised speculation among investors and analysts about the company’s future prospects. While such a move may be seen as a red flag by some, it could also be a smart business decision by the CEO, especially if the shares were sold…

It is reported that due to concerns about the financial stability of Silicon Valley Bank (SVB), some start-up companies are converting the cash deposited in the bank into US Treasuries, bonds and money market funds. According to insiders, several venture capital funds suggested that the companies they invested in would temporarily put their deposits in SVB into US treasury bond bonds, waiting for the storm to pass. They said that some companies were trying to use the bank’s website for operation. Silicon Valley Bank has a product called SVB Cash…

According to reports, SVB Financial Group’s customers in the United Kingdom said that the dashboard of Silicon Valley banks showing account balances and capital transactions had been paralyzed. Interpretation of this information: The recent reports about Silicon Valley Bank’s financial dashboard being paralyzed have raised concerns among the customers of SVB Financial Group. The customers of the group in the United Kingdom have reportedly been unable to access their account balances and capital transactions on the bank’s dashboard. A web-based financial dashboard is an essential tool for any bank’s customers…

On March 11, the stock price of Signature Bank fell 32% on Friday due to the influence of Silicon Valley Bank and its peer Silvergate event, and the trading was suspended for a time when the bank shares were sold for the second day in a row. Interpretation of this information: The stock price of Signature Bank took a nosedive on March 11, 2022. Falling by an alarming 32%, experts suggest that the bank’s woes stem from the influence of Silicon Valley Bank and its peer Silvergate event. The sell-off…

It is reported that today, Meituan Capital Market Department replied to the investors who asked, saying that Meituan did not deposit in Silicon Valley banks, so the recent events in Silicon Valley banks had no impact on the company. At the same time, the relevant head of Meituan also told the reporter that the screenshot of “Silicon Valley Bank Rights Group” released by Wang Xing, CEO of Meituan, is not true. Interpretation of this information: Meituan, the prominent Chinese e-commerce platform, has recently found itself at the center of controversy…

According to the report, according to a message from Tech Planet, the founder of Meituan, Wang Xing, showed the balance of Meituan’s account in Silicon Valley bank in 2011, which was 61.92 million US dollars. Interpretation of this information: The message from Tech Planet reports that the founder of Meituan, Wang Xing, displayed the balance of Meituan’s account in Silicon Valley bank in 2011, which was 61.92 million US dollars. Meituan is a Chinese technology platform that provides services such as food delivery, hotel and travel booking, and movie ticketing,…

On March 11, Hemant Taneja, CEO of General Catalyst, said in a message on social media that several VC leaders had met today to discuss the consequences of the collapse of SVB, and now issued a joint statement as follows: For 40 years, Silicon Valley Bank (SVB) has been a trusted long-term partner of the venture capital industry and founders, and it has always been an important platform, It has played a key role in serving the entrepreneurial community and supporting the innovative economy of the United States. The events…

It is reported that Reuters reported on March 10 that Greg Becker, CEO of Silicon Valley Bank, will no longer serve as a member of the Board of Directors of the Federal Reserve Bank of San Francisco. A Fed spokesman said Becker’s resignation took effect on March 10. Earlier that day, the California Department of Financial Protection and Innovation announced the closure of the Bank of Silicon Valley and appointed the Federal Deposit Insurance Corporation as the bankruptcy administrator. Interpretation of this information: The news report published by Reuters on…

On March 11, according to the analysis of encryption analyst Adam Cochran, according to the recovery process of FDIC (Federal Deposit Insurance Corporation of the United States) and referring to the collapse of Southern Pacific Bank in 2003, FDIC will first pay a one-time dividend (about 62%), and pay 94% of the capital at the time of final payment. If Silicon Valley Bank is similar to this situation, the maximum loss of Circle is $198 million of $3.3 billion, which is easily covered by Circle’s interest income. Interpretation of this…

According to reports, Min-Liang Tan, co-founder and CEO of Thundersnake, tweeted that he believed Twitter should acquire Silicon Valley Bank and become a digital bank. Tesla CEO Elon Musk replied that he was open to this view. Interpretation of this information: The recent Twitter conversation between Min-Liang Tan and Elon Musk has drawn attention to the possibility of Twitter acquiring Silicon Valley Bank and becoming a digital bank. This suggestion from Tan, who is the co-founder and CEO of the gaming hardware company, Thundersnake, is an interesting one, and it…

According to the report, according to the data of Coingecko, the short-term anchor release of USDC is currently down to US $0.978916, with a decline of 2.1% in the past 24 hours. Previously, Circle, the issuer of the US dollar stable currency, disclosed on social media that Silicon Valley Bank was one of its six banking partners, responsible for jointly managing about 25% of the cash reserves of the USDC. Interpretation of this information: The report mentions that USDC, one of the stablecoins in the cryptocurrency market, has experienced a…

On March 11, PROOF, the parent company of Moonbirds, the NFT project, issued a statement about Silicon Valley Bank. PROOF confirmed that it held cash in Silicon Valley Bank. Fortunately, PROOF has diversified its assets, including ETH, stable currency and legal currency – so it has no financial and operational problems. Interpretation of this information: The recent announcement by PROOF regarding its association with Silicon Valley Bank has raised concerns about the stability and resilience of the NFT project and its parent company, Moonbirds. However, a deeper analysis of the…

According to reports, according to Pacman, the founder of Blur, who clarified on social media that Blur’s core contributors did not contact Silicon Valley Bank (SVB), he said that Blur hoped that everyone would take preventive measures to maintain safety under these uncertain market conditions. Interpretation of this information: The message stated that Pacman, the founder of Blur, had taken to social media to clarify that the core contributors of Blur had not contacted Silicon Valley Bank (SVB). It is unclear what specifically led to this clarification, but it is…

It is reported that Moody’s lowered the rating of Silicon Valley Bank Financial Group and its banking subsidiary, Silicon Valley Bank, and said that it would withdraw its rating for commercial reasons. The long-term local currency bank deposit and issuer ratings of Silicon Valley Bank were lowered from A1 and Baa1 to Caa2 and C respectively, and the local currency senior unsecured and long-term issuer ratings of Silicon Valley Bank Financial Group were lowered from Baa1 to C. Interpretation of this information: Moody’s Investors Service has recently lowered the rating…