“We do not see this as the start of a broader threat to the safety and soundness of the banking system,” TD Cowen analyst Jaret Seiberg said on Friday. Some experts, however, see the fallout from the latest collapse as limited.
Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, roiling markets and leaving billions of dollars belonging to companies and investors stranded.
The Federal Deposit Insurance Corporation (FDIC), which was appointed receiver, was trying to find another bank over the weekend that was willing to merge with Silicon Valley Bank, people familiar with the matter said on Friday.
NEW YORK, March 12 (Reuters) – Some financial industry executives and investors were growing increasingly concerned on Saturday that the collapse of Silicon Valley Bank could have a domino effect on other U.S.
regional banks if regulators did not find a buyer over the weekend to protect uninsured deposits.
Signature Bank dropped about 23%, while San Francisco-based First Republic Bank fell 15%. Western Alliance Bancorp tumbled 21% and PacWest Bancorp dropped 38% after those stocks were halted several times due to volatility.
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During the sit-down, Alba noted that she felt that letting her children make wrong decisions and measuring how much they should deal with them on their own was what she felt was the most difficult aspect of parenthood.
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