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 the FDIC must pay to…
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 the FDIC must pay to…
By Max A. Cherney (Reuters) – Tech conglomerate Broadcom added artificial intelligence features to a new version of one of its flagship networking chips, the company said on Thursday, aiming…
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”— in which Facebook mogul Mark…
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 million in restitution for participating…
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 for participating in a scheme…
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, his office said on Sunday.…
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 for military cyber security in…
(Reuters) – HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday. The British…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley chip startup Ayar Labs raised another $25 million after its latest funding round closed, as demand has increased for faster,…
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 as a testing site for…
‘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 Kennedy confronted former Silicon Valley…
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 Tuesday, two months after the…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round…
By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said Friday that the central bank should hire an outside party to further examine the events that led to…
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 information to various governmental bodies…
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 take adequate action to solve…
(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 to three times the average…
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 Valley Bank in the second…
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 night that First Citizens BancShares…
(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 Valley Bank by early May.…
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 Valley Bank (SVB), filed for…
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 shared anger. Everyone — left,…
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 United States, triggering fear of…
(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 reported on Tuesday. Knopp said…
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 stated in their Bank Term…