The regional banking crisis could slow the U.S. economy even as deposits stabilize, the Fed chair said.
Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank’s failure this month complicated their situation.
The strategy of banks requiring wealthy clients to give them deposits or primary-banking relationships in exchange for loans may be ending, advisers say.
The probes are looking into the stock sales that SVB executives’ conducted ahead of the tech-focused bank’s collapse.
As dust begins to settle on the biggest American bank failure since 2008, members of the VC community lament the role other investors played in SVB’s demise.
The SEC charged Terraform and its CEO, Do Kwon, with fraud, alleging that they bilked investors out of billions of dollars.