The collapse of the #SiliconValleyBank ( SVB), has created a shocking wave across the industry. California based SVB bank started its operations in 1983. The business is mostly with technology companies. SVB has invested in several Indian firms, including Paytm, Carwale, Bluestone, Shaadi and Sarva. The bank was recognized as a source of funding for early-stage start-ups.
After this shocking news, New York-based Signature Bank was shut down by regulators on Sunday, two days after authorities closed Silicon Valley Bank. The shutdown of Signature Bank marks the third largest failure in US banking history, after Silicon Valley Bank and Washington Mutual.
The SVB bank lends to tech firms and most of its depositors are from the tech sector: venture capitalists (VC), high net-worth individuals (HNI) and tech firms. SVB calls itself the financial partner of the innovation economy. The bank also featured on Forbe’s list as the best US banks from the last several years. Even though SVB had total assets of approximately $209 billion and total deposits of approximately $175.4 billion as of 31 December, it had to face bankruptcy.
Today's Headline in NewsHours
0:00 Intro
3:52 Fed quells fears among SVB, Signature Bank depositors by announcing emergency measures
4:30 #HSBC to buy the UK arm of Silicon Valley Bank
5:02 #Meta bids farewell to NFTs on Facebook, Instagram
5:37 #Apple may upgrade AirPods with health-tracking features
6:14 India bags two Oscars at the 95th Academy Awards
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The collapse of the #SiliconValleyBank ( SVB), has created a shocking wave across the industry. California based SVB bank started its operations in 1983. The business is mostly with technology companies. SVB has invested in several Indian firms, including Paytm, Carwale, Bluestone, Shaadi and Sarva. The bank was recognized as a source of funding for early-stage start-ups.
After this shocking news, New York-based Signature Bank was shut down by regulators on Sunday, two days after authorities closed Silicon Valley Bank. The shutdown of Signature Bank marks the third largest failure in US banking history, after Silicon Valley Bank and Washington Mutual.
The SVB bank lends to tech firms and most of its depositors are from the tech sector: venture capitalists (VC), high net-worth individuals (HNI) and tech firms. SVB calls itself the financial partner of the innovation economy. The bank also featured on Forbe’s list as the best US banks from the last several years. Even though SVB had total assets of approximately $209 billion and total deposits of approximately $175.4 billion as of 31 December, it had to face bankruptcy.
Today's Headline in NewsHours
0:00 Intro
3:52 Fed quells fears among SVB, Signature Bank depositors by announcing emergency measures
4:30 #HSBC to buy the UK arm of Silicon Valley Bank
5:02 #Meta bids farewell to NFTs on Facebook, Instagram
5:37 #Apple may upgrade AirPods with health-tracking features
6:14 India bags two Oscars at the 95th Academy Awards
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https://varindia.tumblr.com/
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Technology video | 188 views
#siliconvalleybank #signaturebank #siliconvalleybankcrash #siliconvalleybankcollapse #money #siliconvalleybankcollapsenews
About This Video
Recently, there has been a threat of financial crisis on the banking sector in America, a shocking statement has come out from RBI Governor of India Shaktikanta Das regarding the growing banking threat of America, in which the governor warned the Indian banking sector. Said that “they should pay attention to the balance of their balance sheet, so that the balance of asset-liability does not get disturbed.
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AMERICA के वित्तीय
News video | 189 views
क्या सुपरपावर America पर आर्थिक संकट का खतरा मंडरा रहा है... SVB को क्यों हुआ भारी नुकसान... ये सारे सवाल इसलिए क्योंकि सुपरपावर America का 16वां सबसे बड़ा बैंक- सिलिकॉन वैली बैंक को रेगुलेटर्स ने बंद करने का आदेश दिया है... बता दें कि कैलिफोर्निया के डिपार्टमेंट ऑफ फाइनेंशियल प्रोटेक्शन और इनोवेशन ने ये आदेश जारी किया.... जो कहीं न कहीं अमेरिका के लिए बड़ा झटका है... एक तरफ पाकिस्तान और ब्रिटेन आर्थिक संकट से जुक्ष रहा है... तो दूसरी तरफ America16वां सबसे बड़ा बैंक- सिलिकॉन वैली बैंक पर ताला डलना जो अपने आप में अमेरिका के वित्तीय संकट पर सवाल खड़ा कर रहा है... कि आखरिकार इस बैंक को बंद का करेन का आदेश क्यों दिया गया
#SiliconValleyBankMeltdown #stockmarketcrash #svbbank #ustc #usdc #USBankStocksCrash #latestnews
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America पर आर्थिक संकट का खतरा, Silicon Valley Bank हुआ बंद | US Bank Stocks Crash
News video | 211 views
Silicon Valley Bank acquires First Citizens Bank #shortsvideo
Technology video | 176 views
Silicon Power to pour in Rs 1,000 crores for Odisha’s silicon carbide plant #shortsvideo
Technology video | 206 views
HSBC to buy the UK arm of Silicon Valley Bank #shortsvideo
Technology video | 200 views
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Education video | 499 views
#congress #rahulgandhi #siliconvalley
We should be optimistic as well as realistic. Rahul Gandhi in Silicon Valley
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We should be optimistic as well as realistic. Rahul Gandhi in Silicon Valley
News video | 152 views
Rishi Mehta, Technology Expert from Silicon valley
Rishi Mehta, Technology Expert from Silicon valley
Technology video | 172 views
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Beauty Tips video | 1332 views
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What is Wheat Beer? | व्हीट बीयर क्या है?
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