IRS sues FDIC over Silicon Valley Bank’s $1.4 billion tax debt
By Dietrich Knauth (Reuters) – The U.S. Internal Revenue Service on Tuesday sued the Federal Deposit Insurance Corporation, asking a judge to determine how much …
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Broadcom adds silicon AI features to speed new Trident networking chip
By Max A. Cherney (Reuters) – Tech conglomerate Broadcom added artificial intelligence features to a new version of one of its flagship networking chips, the …
JAMES PINKERTON: Wake Up Republicans! AI Policy Is Being Crafted By Silicon Billionaires
JAMES PINKERTON: Wake Up Republicans! AI Policy Is Being Crafted By Silicon Billionaires James P. Pinkerton on October 25, 2023 If you liked “Zuck Bucks”— …
Silicon Valley Executive Sentenced For Defrauding Investors And Participating In Covid-19 And Allergy Testing Scheme
SAN JOSE – The president of a Silicon Valley-based medical technology company was sentenced today to eight years in prison and ordered to pay $24 …
Silicon Valley Executive Sentenced for Defrauding Investors and Participating in COVID-19 and Allergy Testing Scheme
The president of a Silicon Valley-based medical technology company was sentenced today to eight years in prison and ordered to pay $24 million in restitution …
Israel’s Netanyahu to visit Silicon Valley, New York next week
JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu will visit California’s Silicon Valley next week before traveling to New York for the U.N. General Assembly, …
Silicon Valley startup SandboxAQ hired to beef up US military cyber security
By Jane Lanhee Lee OAKLAND, California (Reuters) – Artificial intelligence and quantum computing startup SandboxAQ on Tuesday said it has won a U.S. government contract …
HSBC to rename British arm of Silicon Valley Bank next month- Sky News
(Reuters) – HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News …
U.S. silicon photonics chip startup Ayar Labs gets AI funding boost
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley chip startup Ayar Labs raised another $25 million after its latest funding round closed, as …
Silicon Valley Is Using Ukraine As A Proving Ground For Cutting-Edge Defense Tech
Silicon Valley Is Using Ukraine As A Proving Ground For Cutting-Edge Defense Tech Micaela Burrow on May 22, 2023 Tech startups are looking to Ukraine …
‘Bone-Deep Down To The Marrow Stupid’: Sen. Kennedy Grills Silicon Valley Bank CEO On Collapse
‘Bone-Deep Down To The Marrow Stupid’: Sen. Kennedy Grills Silicon Valley Bank CEO On Collapse Jason Cohen on May 16, 2023 Republican Louisiana Sen. John …
Who is Greg Becker, the former head of failed Silicon Valley Bank?
By Hannah Lang (Reuters) – Greg Becker, the former chief executive officer of Silicon Valley Bank, is set to appear before the U.S. Congress on …
Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in …
Fed’s Bowman calls for external review of Silicon Valley Bank oversight
By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said Friday that the central bank should hire an outside party to further examine …
Goldman Sachs Under Investigation After Advising Silicon Valley Bank Before Collapse
Goldman Sachs Under Investigation After Advising Silicon Valley Bank Before Collapse Jason Cohen on May 5, 2023 Goldman says it is “cooperating with and providing …
Federal Reserve Says It Dropped The Ball In Silicon Valley Bank Failure
Federal Reserve Says It Dropped The Ball In Silicon Valley Bank Failure Jason Cohen on April 28, 2023 The Federal Reserve’s banking supervisors failed to …
Factbox: Red flags galore – Fed officials cited Silicon Valley Bank 31 times
(Reuters) – At the time of Silicon Valley Bank’s collapse, the number of outstanding safety and soundness warnings from Federal Reserve bank supervisors had mushroomed …
Silicon Valley Bank and Fed supervisors: what’s known so far
By Ann Saphir SAN FRANCISCO (Reuters) – A team of 20 bank examiners at the San Francisco Federal Reserve took over day-to-day supervision of Silicon …
First Citizens To Acquire Collapsed Silicon Valley Bank In Major Deal
First Citizens To Acquire Collapsed Silicon Valley Bank In Major Deal Jason Cohen on March 27, 2023 The Federal Deposit Insurance Corporation (FDIC) announced Sunday …
California’s financial regulator to issue report on Silicon Valley Bank by May
(Reuters) – California’s financial regulator said on Monday it will issue a report on a comprehensive review of its own oversight and regulation of Silicon …
Silicon Valley Bank Parent Company Files For Bankruptcy
Silicon Valley Bank Parent Company Files For Bankruptcy Jason Cohen on March 17, 2023 SVB Financial Group, the parent company for California tech lender Silicon …
JESSICA ANDERSON: Congress Killed Silicon Valley Bank
JESSICA ANDERSON: Congress Killed Silicon Valley Bank Jessica Anderson on March 15, 2023 The collapse of Silicon Valley Bank (SVB) has unified Americans with a …
Malaysia says its banks have limited exposure to Silicon Valley Bank crisis
KUALA LUMPUR (Reuters) – Malaysia’s government on Wednesday said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the …
KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Signature Bank, the Financial Times …
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse Jason Cohen on March 13, 2023 The Biden administration …
Silicon Valley Bank Depositor Bailout Could Benefit Chinese Tech Companies
Silicon Valley Bank Depositor Bailout Could Benefit Chinese Tech Companies Katelynn Richardson on March 13, 2023 The promised government bailout of Silicon Valley Bank (SVB) …
STEVE HANKE And CALEB HOFMANN: Banks Have Now Become Gov’t-Backed Businesses — Just Look At Silicon Valley Bank
STEVE HANKE And CALEB HOFMANN: Banks Have Now Become Gov’t-Backed Businesses — Just Look At Silicon Valley Bank Steve Hanke And Caleb Hofmann on March …
Silicon Valley Bank Hit With Lawsuit For Failing To Disclose Risks To Shareholders
Silicon Valley Bank Hit With Lawsuit For Failing To Disclose Risks To Shareholders Katelynn Richardson on March 13, 2023 A Silicon Valley Bank (SVB) shareholder …
How Silicon Valley Bank’s collapse ripped through global tech
By Martin Coulter (Reuters) – Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the …
‘Corporate Bailouts Must End’: 2024 GOP Candidates Weigh In On Silicon Valley Bank’s Collapse
‘Corporate Bailouts Must End’: 2024 GOP Candidates Weigh In On Silicon Valley Bank’s Collapse Mary Lou Masters on March 13, 2023 The collapse of Silicon …
U.S. Treasury says Silicon Valley Bank, Signature Bank ‘not being bailed out’
WASHINGTON (Reuters) – New policies adopted on Sunday by U.S. banking regulators will “wipe out” equity and bondholders in Silicon Valley Bank and Signature Bank …
Silicon Valley Bank deposits to be available Monday – US officials
WASHINGTON (Reuters) – Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday. “Depositors will have access …
Biden speaks with California governor about Silicon Valley Bank – White House
WASHINGTON (Reuters) – U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank failure and efforts to address …
US lawmakers met Fed, FDIC to discuss Silicon Valley Bank’s collapse – Coindesk
(Reuters) – U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of SVB Financial Group, Coindesk …
Moody’s downgrades credit ratings on Silicon Valley Bank, SVB Financial
(Reuters) – Rating’s agency Moody’s on Friday downgraded the ratings of SVB Financial Group and its bank subsidiary, Silicon Valley Bank. Moody’s slashed its credit …
Solar firms Sunnova and Sunrun shed light on exposure to Silicon Valley Bank
(Reuters) – Residential solar companies Sunrun Inc and Sunnova Energy on Friday disclosed their exposure to SVB Financial Group, which has been closed down by …
‘They fire, we hire’ – Germany seizes on Silicon Valley’s woes
By Rene Wagner and Jan Schwartz BERLIN (Reuters) – Faced with a tight labour market and a shortage of workers with key software engineering skills, …
MICHAEL BARONE: Are Silicon Valley’s Most Notorious Fraudsters Today’s Robber Barons?
MICHAEL BARONE: Are Silicon Valley’s Most Notorious Fraudsters Today’s Robber Barons? Michael Barone on December 29, 2022 Will Silicon Valley go down in history the …
Silicon Valley leaders welcome Elon Musk’s management of Twitter
(Reuters) – Silicon Valley leaders welcomed Elon Musk’s management of Twitter, with Netflix co-founder Reed Hastings going so far as to call the billionaire “the …
Silicon Valley chip startup Cerebras unveils AI supercomputer
By Jane Lanhee Lee OAKLAND, Calif(Reuters) – Silicon Valley startup Cerebras Systems, known in the industry for its dinner plate-sized chip made for artificial intelligence …
Taiwan touts $900 million in new business from Silicon Valley meetings
TAIPEI (Reuters) – Taiwan’s economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech …
Mercedes-Benz to use energy-dense silicon battery for G-Class
BERLIN – Mercedes-Benz will incorporate a new, highly energy-dense battery in its upcoming electric G-Class from 2025, it said on Tuesday, a solution to the …