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…

Brex CEO is trying to raise over $1 billion in a weekend for SVB-related bridge loans

March 11, 2023

Brex CEO Henrique Dubugras is currently working to raise over a billion dollars in a weekend to help fund an emergency bridge credit line that he believes will help startup customers impacted by Silicon Valley Bank’s collapse be able to make payroll next week. Dubugras declined to comment on how much capital has been committed […]

Brex CEO is trying to raise over $1 billion in a weekend for SVB-related bridge loans by Natasha Mascarenhas originally published on TechCrunch