Former Vice President Mike Pence offered his sharpest criticism to date of Donald Trump, holding his former boss responsible for the Capitol insurrection in early 2021 as he teased his own White House ambitions for 2024.
The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse.
Khosla Ventures sent an email to founders saying that the venture capital firm would step in and cover payroll for some of its portfolio companies if they had shortfalls because of funds tied up with Silicon Valley Bank.
Crypto’s second-largest stablecoin rebounded toward its intended $1 dollar peg as issuer Circle Internet Financial Ltd. pledged to cover any shortfall in $3.3 billion of reverses held at collapsed Silicon Valley Bank.
The fallout from the collapse of Silicon Valley Bank is beginning to spread around the world.
China has named a general sanctioned by the US to be its new defense minister, setting up a potentially awkward encounter if he’s ever paired up with US Defense Secretary Lloyd Austin for a meeting.
HPS Investment Partners and Oaktree Capital Management are among investment firms that are offering to provide financing to companies with cash trapped at Silicon Valley Bank, according to people with knowledge of the matter.
The managers of Silicon Valley Bank’s investment banking arm are exploring ways to buy the firm back from its parent, according to people familiar with the matter.
Advisers to Florida Governor Ron DeSantis are talking to Republican operatives about joining his team to work in Iowa, the latest sign of preparation for his expected presidential bid.
