4 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

4 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 ...

Here's why the Silicon Valley Bank crash has made a recession much more likely in 2023

4 days ago | By Business Insider

Spencer Platt/Getty Images
The Silicon Valley Bank implosion has raised the odds for a US recession.
That's because fears of a bank crisis could distract the Fed from its goal of lowering inflation.
"I don't really see a pass through the next 12 months without getting a recession," a source told Insider.
Wall Street is worrying that the fall of Silicon Valley Bank has significantly raised the risk of recession in the US. The chief concern is that the episode has complicated the Federal Reserve's mission to keep fighting inflation, experts say, and the turmoil could be a distraction that...
Read more ...

Bank fail: How rising interest rates paved the way for Silicon Valley Bank's collapse

4 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 ...

How the Fed's inflation fight fueled banking turmoil, in 7 charts

4 days ago | By Washington Post

The Fed's fight against inflation helped get us to where we are now with Silicon Valley Bank.
Read more ...

Go West, young banker! How America's misguided pioneer mindset fueled the fall of Silicon Valley Bank

4 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...
Read more ...

Search by Tags

Bank World Banks Futures Future Fintech Silicon valley bank SVB SVB 2023 crash The Interchange Business Tech Management Company Companies Tech Insider Finance Newsletters Silicon Valley Bank Silicon Valley Rokt Middle managers Big Oil Marketing Bonds Bond Indices Market Economy Markets MI Exclusive Silicon Valley Bank collapse Recession Recession risk Recession 2023 Banking Crisis Inflation fed 2023 inflation outlook Fed rate hikes Fed interest rates Interest rate outlook US Markets and Economy Government Credits Invest Rate Investment Credit Investments Innovation Fund Innovations Discourse News Investing Venture Capital Banking Technology California Mythology BI Graphics Arif Qazi

Plural VC lures mRNA vaccine and AI pioneer to become its newest partner

Some say the European tech startup ecosystem lacks investors who have been “operators,” as in former entrepreneurs. And indeed, that has been the case for many years. However... Read more ...

Ikea ordered to 'review and strengthen' its sexual harassment policies after...

The Swedish furniture giant said the company “does not tolerate harassment of any kind.” Read more ...

You May Have Caught The Mandalorian's First Jar Jar Reference, But You...

This week on The Mandalorian, we had a fairly standard story about Mando and Bo-Mando and other Mandos saving a Mando kid from a giant dragon bird. But we also had a B-plot... Read more ...

Cleveland Guardians Have An Ideal Roster For New Major League Baseball Rules

Good contact hitters with speed put the Cleveland Guardians in good position to take advantage of new Major League Baseball rules. Read more ...

GFN Thursday Celebrates 1,500+ Games and Their Journey to GeForce NOW

Gamers love games - as do the people who make them. GeForce NOW streams over 1,500 games from the cloud, and with the Game Developers Conference in full swing this week... Read more ...

Lego 2K Drive impressions - The joy of running over everything

It took me a few seconds to learn how to drive in Lego 2K Drive, the new game coming from Take-Two Interactive's Visual Concepts studio. Read more ...

Meet Tova Friedman, an 85-year-old TikTok influencer with 75 million views...

Friedman, now of Morristown, N.J., says her 17-year-old grandson convinced her to share videos sharing her experience as a 6-year-old in Auschwitz. Read more ...

Weekly Initial Unemployment Claims decrease to 191,000

The DOL reported : In the week ending March 18, the advance figure for seasonally adjusted initial claims was 191,000, a decrease of 1,000 from the previous week's unrevised... Read more ...

OpenAI CEO says he feels 'awful' after a ChatGPT bug leaked user...

Sam Altman, president of Y Combinator, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, on October 18, 2017. Lucy Nicholson/Reuters OpenAI CEO... Read more ...

MacKenzie Scott wants to know why she should give your nonprofit a $1...

MacKenzie Scott is giving away $250 million to 250 nonprofits. Marianne Ayala/Insider MacKenzie Scott launched a $250 million "open call" for nonprofits. She plans to make 250... Read more ...