House Speaker Kevin McCarthy on Sunday morning said that the Biden administration 'has the tools' to handle the crisis at Silicon Valley Bank.
Speaker of the House Kevin McCarthy, R-Calif., conducts a signing ceremony in the U.S. Capitol for a resolution that invalidates the District of Columbias Revised Criminal Code Act of 2022, on March 10, 2023.
House Speaker Kevin McCarthy on Sunday morning said that the Biden administration "has the tools" to handle the crisis at Silicon Valley Bank.
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Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
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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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White House says Silicon Valley Bank failure won’t lead to repeat of 2008White House officials are assuring the public that the failure of Silicon Valley Bank, the largest since the 2008 global financial crisis, won't touch off another string of bank collapses.
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Washington is watching Silicon Valley Bank but does not see current troubles as systemic - bank analystsAfter Silicon Valley Bank disclosed large losses from securities sales and saw its stock plunge, the bank exposed to high-tech venture capital was closed by the California Department of Financial Protection and Innovation.
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Silicon Valley Bank seized by regulatorsSilicon Valley Bank is the largest bank failure since the height of the 2008 financial crisis. FOX13
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Silicon Valley Bank shut down; FDIC creates new bank to protect insured depositorsThe Federal Deposit Insurance Corporation (FDIC) has seized the assets of Silicon Valley Bank Friday, the largest bank to fail since the 2008 financial meltdown, The Associated Press reported.
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