The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.
A legal fight is ramping up between the FDIC and the former parent company of Silicon Valley Bank SVB Financial said the banking regulator took improper actions and can't access its money held at its former unit Dov Kleiner partner at Kleinberg Kaplan Wolff Cohen P C discusses the key takeaways from the bankruptcy hearing [...]
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U S regulators to impose emergency measures to protect depositors This comes on the heels of crypto friendly Silvergate Bank’s shutdown in the same week Here’s a look at how SVB s closure is sending ripple effects across the crypto industry and what’s [...]
The Fed's aggressive rate hikes and balance sheet reduction have caused an historic bank failure, fashioning a real-time ad for bitcoin self-custody, observers said.
On today’s show we’re taking a look at how the collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial-services providers, courtesy of Daniel Kuhn, CoinDesk deputy managing editor for features and opinion.