Government - Spark Newswire

1 minute read

PNC Financial Declines A Bid On Silicon Valley Bank Assets: Report

Today, 3:30 AM

PNC Financial Services Group (NYSE: PNC) has decided not to bid on Silicon Valley Bank (NASDAQ: SIVB) after holding initial discussions with the Federal Deposit Insurance Corp (FDIC) and conducting due diligence,

PNC

1 minute read

Signature Bank Closed By Regulators, Fed Announces Backstop To Safeguard Depositors

By AJ Fabino

Today, 3:30 AM

U.S.

SBNY

3 minute read

Is A Banking Bailout Imminent? Or A Bank Run? What We Know So Far On SVB, Regulators As Asian Open Nears

By Michael Cohen

Today, 3:30 AM

The financial world is closely monitoring the aftermath of the collapse of SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank, Benzinga has been providing the latest updates on the biggest bank failure in over 10 years after SVB was

SIVB

2 minute read

Janet Yellen Says No To Silicon Valley Bank Bailout: ‘We’re Not Going To Do That Again’

By Shanthi Rexaline

Today, 3:30 AM

The collapse of the Silicon Valley Bank, owned by SVB Financial Group (NASDAQ: SIVB) is clearly a concern, but a bailout is out of the question, Treasury Secretary Janet Yellen suggested in an interview.

SIVB

2 minute read

FDIC To Begin Returning Some Uninsured SVB Deposits As Soon As Monday: Report

By Bibhu Pattnaik

Today, 3:30 AM

The Federal Deposit Insurance Corporation (FDIC), overseeing the emergency breakup of SVB Financial Group (NASDAQ:

SIVB

2 minute read

Bill Ackman Calls SVB Crisis A ‘Break-the-Buck Moment,’ Says Biden Will Be Blamed ‘If This Goes Down Poorly’

By Michael Cohen

Today, 3:30 AM

Pershing Square Capital Management’s Bill Ackman is calling out not only the management at Silicon Valley Bank, but also the federal government for not properly monitoring the bank’s activity, leading to the collapse of the SVB Financial Group (NASDAQ: SIVB)

SIVB

2 minute read

Florida Will Legalize Recreational Marijuana Soon If Voters Have Their Say, New Poll Finds

By Joana Scopel

Today, 3:30 AM

A new poll conducted by the University of North Florida's (UNF) Public Opinion Research Lab (PORL) revealed that people in the Sunshine State broadly support recreational marijuana legalization.

TCNNF

2 minute read

Biden’s Proposed Tax Hikes On Corporations And The Wealthy: What Investors Need To Know

By Wayne Duggan

Today, 3:30 AM

President Joe Biden unveiled his new tax plan this week, and investors have been digging into the proposal to determine just how they might be impacted.

SPY

2 minute read

FDIC Takes Over Silicon Valley Bank: Here Are The Details

By Anthony Noto

Today, 3:30 AM

Silicon Valley Bank has been closed Friday by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation has been appointed as the bank's receiver.

JPM

1 minute read

New York Governor, Attorney General Ask Three Pharmacy Operators’ Commitment Over Abortion Drug Access

By Vandana Singh

Today, 3:30 AM

New York government officials Governor Kathy Hochul and Attorney General Letitia James have sent a letter to CVS Health…

CVS