Tag: Silicon Valley Bank
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Bank Crisis: First Republic Bail-Out Not Yet Finished!
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The U.S. Federal Deposit Insurance Corp (FDIC) is in the process of seizing and selling the First Republic, a U.S. bank caught in the post-FTX banking crisis. It was expected that FDIC announced the bail-out results before the opening of the Asian stock exchanges on Monday. However, no announcement has…
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Silicon Valley VC “Party Animal,” Faces Fraud Charges Again!
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Mike Rothenberg, the venture capitalist once dubbed Silicon Valley’s “party animal,” faces trial again after a jury failed to reach a verdict last year on charges that he lied to banks about his wealth to obtain loans and defrauded investors. Rothenberg is accused of fraudulent conduct and misrepresentation, which prosecutors…
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Regulators Fight Against The Sudden Death Of Startup-Friendly Banks!
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It was a blow to the heart of the startup industry wit the potential to destroy thousands of startups and hundreds of VC funds: The sudden death of Silicon Valley Bank (SVB) and Signature Bank has sent shockwaves through the startup industry not just in the U.S., but around the…