Asia markets fall as U.S. regulators seek to stem risk from Silicon Valley Bank.
Storm clouds are seen over the city skyline on October 01, 2021 in Sydney, Australia.Asia-Pacific markets traded lower on Monday, as U.S. regulators
Veteran bank analyst Dick Bove said American banks have lost credibility with average investors due to what he described as "accounting tricks," he told CNBC's "Squawk Box Asia." "They have $110 billion of investments in U.S. government-backed securities, the treasuries, the mortgage-backed securities," he said. "It isn't the loans that created the problem, it is the U.S.-backed securities that created the problem."Regulatory backstop for SVB failure aimed at protecting the economy, officials say
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How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
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Silicon Valley Bank seized by FDIC, marking largest shutdown of a US bank since 2008BREAKING: The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank, marking the largest bank failure since Washington Mutual in 2008.
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Bank of England seeks to wind up Silicon Valley Bank's UK armThe Bank of England said on Friday that it was seeking a court order to place Silicon Valley Bank UK Limited into an insolvency procedure, after U.S. regulators took over its parent company, SVB Financial Group , earlier in the day.
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Silicon Valley Bank seized by FDIC, marking largest shutdown of a US bank since 2008Its failure marks the largest shutdown of a US bank since 2008, when Washington Mutual fell during the financial crisis.
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Silicon Valley Bank CEO sold $3.6 million in stock days before the bank’s failureSilicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failur…
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Silicon Valley Bank seized by FDIC, marking largest shutdown of a US bank since 2008Its failure marks the largest shutdown of a US bank since 2008, when Washington Mutual fell during the financial crisis.
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