JUST IN: π¬π§ HSBC Holdings agrees to acquire Silicon Valley Bank UK for Β£1.
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JUST IN: First Republic Bank $FRC, with $212 billion in assets, sees its stock down 55% pre-market.
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JUST IN: FDIC says Silicon Valley Bank $SIVB shareholders & certain unsecured debt holders wonβt be protected.
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JUST IN: πΊπΈ FED swaps now show that the most likely scenario is no more interest rate hikes.
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JUST IN: πΊπΈ President Biden says US taxpayers will not bear any losses on Silicon Valley Bank collapse.
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JUST IN: Signature Bank board member says regulators shut down the bank to send "a strong anti-crypto message."
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JUST IN: πΊπΈ White House says Silicon Valley Bank $SIVB "is not a bailout."
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JUST IN: Citadel CEO says US capitalism is breaking down before our eyes after the Federal Reserve rescued Silicon Valley Bank $SIVB.
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JUST IN: Bank giants JPMorgan Chase & Citigroup are trying to handle largest movement of deposits in over a decade.
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