Silicon Valley Bank’s implosion escalated culture war arguments over targeting environmental, social and corporate governance-driven investing. As “woke capitalism” becomes a hot-button issue, here’s what to know about ESG investing.
What is ESG?
“S” stands for social, or how well a company treats its labor force, communities and clients. Investors might consider a company’s workplace safety history and employee diversity, as well as whether its products are safe and made with ethically sourced materials.
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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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Opinion | Why the Silicon Valley Bank rescue hasn’t calmed other banks’ customersExecutives at some of the other banks watching their stocks plummet didn’t necessarily do anything wrong. But in this current paranoid landscape, that’s not enough.
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Hedge funds and banks offer to buy deposits trapped at Silicon Valley BankHedge funds are reportedly offering to buy startup deposits at Silicon Valley Bank for 60 to 80 cents on the dollar, after the lender was taken over by the U.S. Federal Deposit Insurance Corporation on Friday.
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Fed announces new emergency loan program for banks to ease contagion risk from Silicon Valley BankThe Federal Reserve on Sunday set up a new emergency loan program to bolster the banking system.
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Fed, Treasury, and FDIC Announce Actions to Backstop Banks After Silicon Valley MeltdownThe U.S. government on Sunday sought to affirm confidence in the U.S. banking system by announcing protection for all depositors in Silicon Valley Bank. | Economy
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First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5KGood morning Asia, here's what's making news today: 1. Bitcoin rebounds above $22.5K after Federal regulators vow to protect Silicon Valley Bank customers. 2. SIVB's collapse shows the weaknesses of small US banks. TheSamReynolds and JPRubin23 report
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