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Silicon Valley Bank's crash is providing valuable lessons all over the world
2 days ago - By Tech Crunch
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you're reading this as a post on our site, sign up here so you can receive it directly in the future. Mary Ann is on a much deserved break this week, so I am filling in for her, bringing you the hottest fintech news of the previous week. Now let's dive into the fintech news because you are probably wondering what's up with your favorite bank, and I promise to get to that first. Let's go! - Christine
We've learned a lot more about the Silicon Valley Bank collapse since...
Read more ...Tech leaders remain oblivious to the true lessons of Silicon Valley Bank
2 days ago - By Business Insider
Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today: Sunday Edition, a roundup of some of our top stories. On the agenda today: Tech leaders remain oblivious to the true lessons of Silicon Valley Bank. Allegations of a toxic culture at $2.4 billion Rokt. Companies are laying off middle managers. That's a huge mistake. The era of Big Oil could end sooner than its massive profits suggest. But first: Insider's Madeline Renbarger shares what happened at the SXSW Festival in Texas as tech founders and entrepreneurs learned about the implosion of...
Read more ...Bank fail: How rising interest rates paved the way for Silicon Valley Bank's collapse
2 days ago - By NPR
Silicon Valley Bank invested billions of dollars in super safe U.S. government bonds. But that choice exposed to the bank to a whole other set of risks. (Image credit: TIMOTHY A. CLARY/AFP via Getty Images)
Read more ...Go West, young banker! How America's misguided pioneer mindset fueled the fall of Silicon Valley Bank
2 days ago - By Business Insider
Silicon Valley Bank mirrors the myth of the Old West: It started off as a bold pioneer, only to end up running back to the government for help. Witthaya, aoldman / Getty Images; Arif Qazi / Insider From Manifest Destiny to Big Tech, Silicon Valley Bank is a case study in the how the West was spun As Silicon Valley Bank went down the tubes , it wasn't surprising that the loudest mouths in Techworld started demanding that the federal government cover everyone's losses. When capitalism goes kersplat, even the most libertarian Peter Thiel adherents turn into New Dealers. Sure, they like to...
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