After SVB failure, US acts to shore up confidence in banking system
Undercover bailout: After a dramatic weekend, U.S. regulators said the failed bank’s customers will have access to all their deposits starting Monday and regulators set up a new facility to give banks access to emergency funds. The Federal Reserve also made it easier for banks to borrow from it in emergencies.
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
More than 100 founders and CEOs are now writing to the UK Chancellor pleading for help, after the collapse of Silicon Valley Bank has led to a significant cash crunch for startups globally.
Peace Economy vs. War Economy: Xi Jinping & Biden visit Saudi Arabia. MBS welcome both, differently
Leader of China and US President experienced contrasting welcomes in visits only five months apart. While Xi Jinping is considered as a leader, and as a long term strategic partner with mutual interest, Biden is what it is: a politician who is temporarily president that yesterday had one agenda, today another and tomorrow will belong to the history.