US


Policy

U.S. Fed’s Supervision Chief Investigating What Happened With Silicon Valley Bank

The Federal Reserve’s vice chairman for supervision, Michael Barr, is digging into the bank failure, the U.S. central bank announced.

Federal Reserve Vice Chair Michael Barr (Alex Wong/Getty Images)

Finance

Silicon Valley Bank's Parent Looking at Strategic Alternatives

SVB Financial Group appointed a restructuring committee for its venture capital and investment banking arm.

(Justin Sullivan/Getty Images)

Policy

President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses

The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Finance

USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos

The stablecoin fell below $1 in value on Friday after it emerged that some portion of issuer Circle’s funds were at the failed Silicon Valley Bank.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Policy

Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.

CEO Jeremy Allaire's Circle is part of the consortium behind USDC. (Danny Nelson/CoinDesk)

Policy

Silicon Valley Bank Depositors Will Have Access to 'All' Funds Monday, Say Federal Regulators

“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” a joint statement read.

Silicon Valley Bank headquarters (Justin Sullivan/Getty Images)

Finance

Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors

The price of the largest cryptocurrency briefly rose back above $21,500 before giving back some gains.

(DALL-E/CoinDesk)

Policy

U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source

Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse.

Rep. Maxine Waters (Alex Wong/Getty Images)

Finance

Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian

A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.

Pantera Capital founder and CEO Dan Morehead (Shutterstock/CoinDesk)

Finance

Bitcoin Bounces as U.S. Adds 311K Jobs in February, Beating Expectations

The unemployment rate rose to 3.6% against forecasts for it to hold steady at 3.4%.

The government releases jobs data for November on Friday (YinYang/Getty)