Page 9 - Arjun Sethi News Today

Tribe Capital could provide financial support for FTX’s reopening plans, Bloomberg reported April 18. That report says that Tribe co-founder Arjun Sethi met…

The collapse of Silicon Valley Bank has rattled the tech industry, with startups scrambling to figure out their financial exposure and the impact on their ability to operate.

Recriminations have been flying as venture capitalists are being accused of triggering a run on the bank that has left a gaping hole in the tech scene.

Silicon Valley Bank collapse: SVB's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.

96 percent of SVB's total $173 billion in deposits was uninsured

Some see in the back-to-back failure of two banks an example of the financial systems precariousnes

FDIC takes over Silicon Valley Bank, a major lender of US startups, sparking fears of widespread economic fallout

Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers,

The second-largest bank failure in U.S. history rocked the tech industry and sent ripples of anxiety throughout the financial sector Friday as Silicon Valley Bank went from being a key part of the tech ecosystem to collapsing in a matter of hours.

Stablecoin slumped to an all-time low Saturday after Circle, the U.S, firm behind the coin, revealed some of the reserves backing it were held at Silicon Valley Bank.