Silicon Valley Bank UK arm gives $18M in bonuses
Silicon Valley Bank’s UK subsidiary doled out over $18 million in bonuses this week—just days after HSBC swooped in as part of a rescue deal...
Category: Business
Nearly 200 banks could fail the same way SVB did: study
Nearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: The value of the assets they hold. ...
Wife of Credit Suisse executive flashes her butt amid bailout
Well that’s a creative new way to curdle public opinion. Lizzy Asher, the wife of Credit Suisse top exec Daniel Ezra, wore a French maid-style...
FTX’s Margaritaville tab swells to $600K
Sam Bankman-Fried’s defunct crypto exchange FTX owes Jimmy Buffett’s Margaritaville resort nearly $600,000 — more than 10 times what was previously thought — and meanwhile...
Goldman Sachs lost $200M in recent US banking chaos
Goldman Sachs has taken a major financial hit after the implosion of Silicon Valley Bank and other embattled lenders prompted market chaos this week, according...
Sharon Stone lost ‘half my money to this banking thing’
Actress Sharon Stone tearfully claimed Thursday night that she lost “half” her fortune in the recent economic upheaval caused by the failure of Silicon Valley...
Bank of America said to buy Signature Bank: Bill Ackman
Bill Ackman in a tweet on Friday said Bank of America is going to acquire Signature Bank on Monday, without citing the source of information. “I am hearing that...
How turmoil at US banks is impacting the housing market
Turmoil in the US banking sector is already having spillover effects on the nation’s struggling housing market, which has been hammered by surging mortgage rates...
ChatGPT creator Sam Altman ‘a little bit scared’ of his creation
The CEO of the company behind ChatGPT, likely the world’s most famous AI chatbot, admitted that he was “a little bit scared” of his company’s creation...
First Republic execs dumped $12M in stock before bank chaos
Top executives at embattled lender First Republic Bank reaped a combined haul of nearly $12 million by dumping stock just before chaos unfolded in the...