US regulators have shut down the country’s 16th largest bank, in the biggest collapse of a financial institution since the 2008 financial crisis. Silicon Valley Bank failed after depositors – mostly technology workers and venture capital-backed companies – began withdrawing their money, creating a run on the bank. The US Federal Deposit Insurance Corporation (FDIC)
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This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time that includes SONDORS selling 1,000 of its Metacycle electric motorcycles in a week, new utility/cargo e-bike launches from Rad Power Bikes, Specialized and Aventon, Bafang entering the electric motorcycle space and
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A man dressed in a thawb walks past Dassault Falcon executive jets, Dubai, United Arab Emirates Leonid Faerberg | Sopa Images | Lightrocket | Getty Images The organizers of the Investopia x Salt conference in Abu Dhabi — the brainchild of American financier and one-time White House press secretary Anthony Scaramucci and Dubai ruler Sheikh
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In this article SIVB Follow your favorite stocksCREATE FREE ACCOUNT Silicon Valley Bank has long been considered the lifeblood for tech startups, providing traditional banking services while funding projects and companies deemed too risky for traditional lenders. Billions of dollars in venture capital flow into and out of the bank’s coffers. But the 40-year-old firm’s
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“Hundreds and hundreds” of stranded drivers have been stuck in “never-ending” miles-long tailbacks overnight in heavy snow – and forecasters say blizzards are on the way and will cause “treacherous conditions”. Travellers have been warned of train and flight cancellations, while the Met Office says the cold snap is moving south, as Storm Larisa continues
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