1LONDON, March 14 - British banks are not yet seeing a "flight to quality" in deposits among customers nervous about the safe-keeping of their money following the collapse of U.S. lender Silicon Valley Bank last week, Lloyds chief executive Charlie Nunn said on Tuesday.
"What's happened with SVB is relatively idiosyncratic compared to the UK," Nunn told a Morgan Stanley event, referring to the demise of the specialist lender, which has triggered widespread banking turmoil and a rout in stocks globally.as worries about potential contagion to other lenders deepened.
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JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources. This is pretty cool and interesting, but no matter what you are doing, don't depend on a single income and if you want to be financially free, invest for tomorrow's future. I've made over $50k in crypto with the help of. 📥👇👇
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SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits. No, they mustn’t. No. They don’t.
Source: dcexaminer - 🏆 6. / 94 Read more »
SVB shock could have chilling effect on British biotech sectorHSBC 's rescue of the British arm of Silicon Valley Bank saved the heavily-exposed UK biotech sector from collapse, but the fallout could hamper funding in a sector the government sees as key to future economic growth, industry executives said. The UK just can't catch a break lmao.
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Ripple CEO assures ‘strong financial position’ despite SVB collapseBrad Garlinghouse, CEO of Ripple, the issuer of XRP, said on Twitter that the company’s day-to-day operations were unaffected by the collapse of Silicon Valley Bank. Its fine Sure, but he said nothing about Ripple's holdings at SVB, only after the bailout. Nice! Amazing leadership and transparency. Ripple is a CBDC WEF shitcoin and it will NOT be fine in the end.
Source: Cointelegraph - 🏆 562. / 51 Read more »
SVB: CEO works to fund more than $1 billion in loans for startupsA fintech CEO is trying to raise more than $1 billion to fund bridge loans for startups impacted by the Silicon Valley Bank collapse No one will give money; sorry Yellen says ‘hold my beer’. Poor guy, his fraud over a fraud brilliant idea is now defunct... Damn government..
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Ripple Has Exposure to SVB: CEORipple CEO Brad Garlinghouse clarified the company's position on its exposure to Silicon Valley Bank (SVB), confirming that his company had some exposure to SVB as a banking partner
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