Amid the chaos that trailed SVB’s collapse, Tan urged Musk to consider buying the foundered tech-centric lender and turning it into a digital bank, an entreaty which Musk said he was “open to.”

Source: https://www.nationalmemo.com/elon-musk-2659585192

And in Canada, the Office of the Superintendent of Financial Institutions (OSFI) has taken permanent control of SVB’s Canadian assets.

Source: https://www.moneysense.ca/save/investing/making-sense-of-the-markets-this-week-march-19-2023/

As some of the dust settled, SVB’s new regime had a public relations battle to win.

Source: https://www.wired.com/story/silicon-valley-bank-svb-the-weekend-silicon-valley-stared-into-the-abyss/

But SVB’s problem is shared with the entire US banking network, which faces the consequences of sharply rising interest rates on fixed interest and other financial investments, both on and off their balance sheets as loan collateral.

Source: https://www.lewrockwell.com/2023/03/alasdair-macleod/credit-chaos/

Comparing SVB’s situation with other players revealed that nearly 190 banks operating in the United States are potentially at risk of a run.

Source: https://en.mehrnews.com/news/198639/More-than-186-US-banks-well-positioned-for-collapse

From 2019 to the end of 2020, SVB’s assets, meaning loans, credit facilities, securities, and other investments grew 63%.

Source: https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/11/warning-signals-about-silicon-valley-bank-were-all-around-us/

How has SVB’s implosion impacted Bright Machines and Eclipse more broadly?

Source: https://techcrunch.com/2023/04/10/eclipse-eclipses-previous-fundraises-with-a-whopping-1-23-billion-across-two-new-funds/

It may be hard to replicate SVB’s banking approach, which catered to startups that didn’t always meet the minimum requirements of other commercial banks and lenders.

Source: https://www.forbes.com/sites/emilymason/2023/03/19/vc-and-startups-are-returning-to-government-backed-svb-in-droves/

It’s unclear what will happen to SVB’s ownership of the joint venture.

Source: https://krdo.com/money/cnn-business-consumer/2023/03/13/chinese-companies-and-founders-rush-to-calm-investors-after-svb-collapse/

It will take some time for federal investigators, including the Justice Department, which is probing SVB’s collapse, to determine what went wrong with these banks.

Source: https://www.minnpost.com/dc-memo/2023/03/d-c-memo-bank-collapses-stoke-even-more-partisanship/

“Loans and deposits domestically are diversified across sectors in comparison to SVB’s heavy focus on the tech sector and start-ups.

Source: https://www.theborneopost.com/2023/03/26/all-eyes-on-us-banking-meltdown/

“Maybe people are right to be worried,” Eggers says of SVB’s demise.

Source: https://www.breitbart.com/politics/2023/03/28/peter-schweizer-drill-down-how-bank-bailouts-rescue-clueless-silicon-valley-elites/

Online banking and other services will also resume, while SVB’s official checks will continue to clear.

Source: https://greekreporter.com/2023/03/11/silicon-valley-bank-shut-down/

President Trump-endorsed rollback of Dodd-Frank’s tougher scrutiny of banks was a significant factor in SVB’s problems.

Source: https://www.latimes.com/california/story/2023-03-19/silicon-valley-banks-demise-animates-early-days-of-2024-california-senate-contest

Republican members of the committee focused their fire on the Fed and other regulators for failing to prevent SVB’s failure.

Source: https://federalnewsnetwork.com/government-news/2023/03/fed-official-svb-itself-was-main-cause-of-banks-failure/

So far, no Chinese tech or VC company has publicly admitted suffering losses from SVB’s bankruptcy.

Source: https://www.channelnewsasia.com/business/collapse-silicon-valley-bank-chinas-tech-start-ups-venture-capital-industry-3342361?cid=cna_flip_070214

SVB’s collapse will directly contribute to the bursting of the tech bubble.

Source: https://chinaworker.info/en/2023/05/09/40841/?utm_source=rss&utm_medium=rss&utm_campaign=economy-svb-collapse-detonates-financial-crisis

The agency estimated Sunday that SVB’s failure will cost $20 billion, on top of the $2.5 billion bite it expects from Signature.

Source: https://www.pressenterprise.com/2023/03/29/fdic-faces-23-billion-in-costs-related-to-bank-failures/

The Federal Deposit Insurance Corp., which has stepped in to serve SVB’s receiver, insures accounts up to $250,000, but it’s unclear whether account holders with larger balances will get repaid and whether that repayment will be in full.

Source: https://www.greeleytribune.com/2023/03/11/silicon-valley-bank-failure-could-shake-colorado-startup-scene-bankers-say-damage-contained/

The first receivers in this case, SVB’s depositors get the new money first and spend it to obtain goods and services that they want to buy.

Source: https://spectator.org/how-the-fed-created-the-current-banking-crisis/