siliconvalleybank
-
Crypto Evangelist’s Big Bitcoin Bet Comes to a Satisfying Conclusion
The best advice you can get when buying bitcoin or investing in crypto (other than, you know, “don’t”) is the same advice you get when going to a casino: never bet more than you’re willing to lose. Balaji Srinivasan, the former chief technical officer of Coinbase, must have been more than willing to part ways…
-
Silicon Valley Bank Rises From Dead With First Citizens Acquisition
Silicon Valley Bank, once triumphantly dubbed the “financial partner of the innovation economy,” before its recent historic collapse, is being acquired by First Citizens, a legacy banking institution founded in 1898. The new deal will see First Citizens take on the entirety of SVB’s loans and deposits just two weeks after the bank sent shockwaves…
-
Silicon Valley Bank’s New CEO to Clients: ‘We Are Conducting Business as Usual’
In the wake of the second largest bank failure in U.S. history, the failure in question, Silicon Valley Bank, has some comforting words amongst the turmoil. Clients of the bank received an email last night from SVB’s new CEO Tim Mayopoulos stating that everything is fine.
