Lenders named Signature Bank in various US states are clarifying they are not related to their failed New York namesake. Signature Bank, New York was shut down by regulators on Sunday amid the banking crisis. The SVC Bank in India…
Kevin O’Leary has blamed Silicon Valley Bank’s management for the bank’s implosion. O’Leary excoriated the bank’s “negligent board of directors” and “idiot management.” Silicon Valley Bank collapsed after a bank run, and there are differing opinions on why that happened.…
Dynamic pricing is being used to set prices for activities beyond ridesharing and concert tickets. One family was asked to pay $418.90 to go bowling, The Wall Street Journal reported. Experts warned businesses would most likely implement surge pricing in…
Ukraine’s defense is being hindered by the loss of experienced soldiers, The Washington Post reported. One commander said all 500 original members of his battalion had been killed or injured. Soldiers with significant combat experience “are all already dead or…
A former NYPD officer was found guilty of seven counts related to the Jan. 6, 2021, Capitol riot. Prosecutors say Sara Carpenter spent approximately 35 minutes inside the building. Carpenter wielded a tambourine while she walked throughout the Capitol that…
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A Capitol riot suspect tricked a court into allowing him to attend CPAC, prosecutors allege. The suspect asked the court if he could travel to Washington, DC to attend another Jan. 6 trial. Instead, he spent more than 12 hours…
Paul Krugman said ‘what SVB actually did was a kind of affinity fraud a la Madoff.’ SVB convinced tech startups it was trustworthy by selling itself under false pretenses, according to him. The Nobel Prize-winning economist is frustrated with this…
Jimmy Kimmel made fun of Tucker Carlson and Fox News while hosting the Oscars on Sunday. He joked that good editing can even turn footage of a riot into a “sightseeing tour of the Capitol.” Carlson appeared to use selectively…
Silicon Valley Bank’s UK unit has been sold to HSBC for 1 British pound, or $1.21. The UK government and the Bank of England facilitated the private sale, Chancellor Jeremy Hunt said. “This acquisition makes excellent strategic sense for our…
