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FDIC auction for SVB assets said to be underway

March 12, 2023

An auction for the remaining assets of the failed Silicon Valley Bank is reportedly underway, with final bids due this afternoon and a result potentially arriving late Sunday, according to Bloomberg. Bloomberg says that the U.S. Federal Deposit Insurance Corp. (FDIC), which stepped in and shut down SVB on Friday as it was experiencing an unprecedented […]

FDIC auction for SVB assets said to be underway by Darrell Etherington originally published on TechCrunch

Online education platform Kajabi helps creators earn money for sharing their expertise

March 12, 2023

Kajabi, the video education and web hosting platform for content creators to sell, manage and market online courses, announced today that its 60,000 creators earned a combined $5 billion in lifetime gross merchandising value (GMV). The company claims that its GMV has increased by 528% since 2019 and more than doubled since the end of […]

Online education platform Kajabi helps creators earn money for sharing their expertise by Lauren Forristal originally published on TechCrunch

Yellen says government trying to meet needs of Silicon Valley Bank depositors but dismisses bailout

March 12, 2023

The US Treasury Secretary Janet Yellen said the government is working with banking regulators to design “appropriate policies” to address the fallout of Silicon Valley Bank and is “concerned about depositors,” but she dismissed the idea of a bailout in a potential setback for the startup ecosystem that is reeling from what is the worst […]

Yellen says government trying to meet needs of Silicon Valley Bank depositors but dismisses bailout by Manish Singh originally published on TechCrunch

Making Sense of a Wild Week in the Markets

March 12, 2023
It’s been another doozy of a week for the S&P 500 (SPY). We had Fed Chair Jerome Powell giving his semiannual testimony before the Senate Banking Committee. We had the…