svb financial

Silicon Valley Bank Sign (Provided)
First Citizens to Buy Silicon Valley Bank: Bloomberg
SVB, a bankrupt lender, was the bank for some big crypto firms, including Circle Internal Financial.
Silicon Valley Bank Sign (Provided)

Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C. (kkwc.com)
SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert
The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.
Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C. (kkwc.com)

bankruptcy
Silicon Valley Bank's Former Parent Company Files for Bankruptcy
The bank had some crypto customers, including Circle Internet Financial and Ripple.
bankruptcy

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Silicon Valley Bank Collapse: Crypto Impact and What's Next
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U S regulators to impose emergency measures to protect depositors This comes on the heels of crypto friendly Silvergate Bank’s shutdown in the same week Here’s a look at how SVB s closure is sending ripple effects across the crypto industry and what’s [...]
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(Paul Marotta / Getty Images, modified by CoinDesk)
Even Barney Frank Thinks Signature Was Shut Down to Send an Anti-Crypto Message
Signature Bank was shut down by the NYDFS citing “systemic risk.”
(Paul Marotta / Getty Images, modified by CoinDesk)

CDCROP: Silvergate Bank HQ (CoinDesk)
The Banking Crisis Is Not Crypto’s Fault
Crypto might have a banking problem, but banks don’t have a crypto problem.
CDCROP: Silvergate Bank HQ (CoinDesk)

Silicon Valley Bank Shut Down By Regulators
Silicon Valley Bank's Parent Looking at Strategic Alternatives
SVB Financial Group appointed a restructuring committee for its venture capital and investment banking arm.
Silicon Valley Bank Shut Down By Regulators

Bitcoin's price (CoinDesk/Highcharts.com)
Silicon Valley Bank Crisis a 'Cyprus Moment' for Bitcoin: Crypto Observers
The Fed's aggressive rate hikes and balance sheet reduction have caused an historic bank failure, fashioning a real-time ad for bitcoin self-custody, observers said.
Bitcoin's price (CoinDesk/Highcharts.com)

Markets Daily Podcast Cover
4 Potential Winners of the Silvergate Unwind
On today’s show we’re taking a look at how the collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial-services providers, courtesy of Daniel Kuhn, CoinDesk deputy managing editor for features and opinion.
Markets Daily Podcast Cover

Rep. Maxine Waters (Alex Wong/Getty Images)
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)