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...
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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...
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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...
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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)
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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.
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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...
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