|
March 12, 2023, 6:40 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| U.S. Department of the Treasury: |
The US Treasury, Federal Reserve, and the FDIC: all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13 — WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
More:
Board of Governors …, Wall Street Journal, CoinDesk, Department of Financial …, Livemint, and Unusual Whales
Tweets:
@nicktimiraos, @mgsiegler, and @ericnewcomer
| Washington Post: |
Sources: US officials are considering the extraordinary step of protecting all uninsured SVB deposits if the FDIC is unable to find a buyer for the failed bank — Extraordinary step eyed if plan fails to sell the failed bank to another institution — Federal authorities … | Matthew Monks / Bloomberg: |
Sources: the FDIC kicked off an auction process late on March 11 for SVB, with final bids due by 2pm EST on March 12; it's possible that no deal will be reached — The Federal Deposit Insurance Corp. kicked off an auction process late Saturday night for Silicon Valley Bank …
More:
Wall Street Journal, The Hill, Fortune, Axios, The Verge, Insider, Cointelegraph, NBC News, CNBC, TechCrunch, The Block, Axios, and Bitcoin News
Mastodon:
@annmlipton@esq.social. Tweets:
@jason, @davidsacks, @ddayen, @mattyglesias, @aduehren, @dalperovitch, @danprimack, @senatorhagerty, @anandwrites, @joshtpm, @convertbond, @iamjakestream, @jamessurowiecki, @cloud_opinion, @mattocko, @monikabauerlein, @felixsalmon, @samirkaji, @oneunderscore__, @danprimack, @business, @jamesgrickards, @autismcapital, @mayazi, @professorstam, @pt, @migueldeicaza, @hankgreen, @mamoonha, @danprimack, @vinnylingham, @kenklippenstein, @rlove, @hugh_son, @carnage4life, and @davidsirota
| CBS News: |
Q&A with US Treasury Secretary Janet Yellen on SVB: we are trying to meet depositors' needs and are not looking to bail out large banks' investors and owners — The following is a transcript of an interview with Treasury Secretary Janet Yellen that aired on “Face the Nation” on Sunday, March 12, 2023.
More:
On my Om, Financial Times, Associated Press, Axios, Reuters, PYMNTS.com, Washington Examiner, CoinDesk, The Hill, Cointelegraph, Decrypt, Livemint, The Guardian, Reuters, Cryptopolitan, The Daily Hodl, Washington Post, TIME, Reuters, Politico, Bitcoin News, New York Times, New York Post, crypto.news, CNN, Monday Morning Economist, Bloomberg, Slashdot, and TechCrunch
Tweets:
@cornelialake, @ashleymayer, @sama, @thestalwart, @davidsacks, @felixsalmon, @spencerjcox, @danprimack, @whstancil, @whstancil, @cloud_opinion, @pt, @cz_binance, @bio_clouseau, @modestproposal1, @pt, @digitalassetbuy, @elerianm, @seyitaylor, @scottmelker, @ericnewcomer, @flitteronfraud, @rustybrick, @cloud_opinion, @davidgura, @sarthakgh, @gregosuri, @xrpcryptowolf, @jason, @taylorlorenz, @bobeunlimited, @om, @samirkaji, @allnick, @amasad, @mgsiegler, @benedictevans, @w7voa, @jennablan, @profgalloway, @kylieatwood, @danprimack, and @danielagabor
| Financial Times: |
Sources: the UK is seeking a buyer for SVB's British arm, which had nearly £7B in deposits on March 10, with an UAE-based company as the “lead white knight” — ‘Lead white knight’ eyeing British arm of tech lender that had billions in deposits| Om Malik / On my Om: |
More than a bailout, Silicon Valley Bank needs a white knight to come in and take over the bank that has been at the heart of the US innovation economy — After three decades of being part of the Silicon Valley ecosystem — as a reporter, writer, entrepreneur, and investor — I thought I had seen it all.
More:
Wall Street Journal, Monomythical, Cryptopolitan, The Economic Times, Los Angeles Times, and Washington Post
Tweets:
@om, @rachelensignwsj, @danprimack, @jeff, @shripriya, @arpitrage, @markmobility, @washingtonpost, @tphillips, @kfile, @gzuckerman, @samidhas, @kevinokeefe, @scobleizer, @salimismail, @metacurity, @om, and @valaafshar
| Lauren Tara LaCapra / The Information: |
Sources: regional banks are the likeliest bidders to prevail in Silicon Valley Bank's sale process, not “too big to fail” banks like JPMorgan or Bank of America — Regional banks are the likeliest bidders to prevail in the sale process for Silicon Valley Bank …
Tweets:
@apartovi, @danprimack, @jessicalessin, @balajis, @kateclarktweets, and @davidmarcus
| Bloomberg: |
Sources: the FDIC is racing to sell SVB's assets and make 30% to 50% or more of clients' uninsured deposits available via an initial payment as soon as March 13 — US regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion …
More:
CNBC, PYMNTS.com, CNN, Reuters, Los Angeles Times, The Grumpy Economist, New York Post, Insider, Finbold, Livemint, Apricitas Economics, The Block, The Hill, Daring Fireball, Mercury News, and Insider
Mastodon:
@lcamtuf@infosec.exchange. Tweets:
@mittromney, @carnage4life, @heydavidlee, @ljxie, @silvermanjacob, @matthewstoller, @nkulw, @bijans, @frances_coppola, @yoda, @ellebeyoud, @davemcclure, @anthony, @noahpinion, @alistairmbarr, and @armanddoma
| Bloomberg: |
SVB draws support from 500+ VCs, including General Catalyst and Sequoia, while 5,000+ founders and CEOs sign a Y Combinator petition asking US Congress to act — More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls …
More:
Bloomberg, Financial Times, Financial Times, Y Combinator Blog, TechCrunch, TechCrunch, Cointelegraph, Financial Times, Fortune, Cryptonews, The Economic Times, Livemint, Arthuriana, Insider, and Coinpedia Fintech News
Tweets:
@htaneja, @paulg, @garrytan, @garrytan, @micsolana, @reprokhanna, @davidsacks, @grdecter, @photomatt, @jeiting, @ryangrim, @marxgasol, @erikvoorhees, @joshsteinvc, @ryangrim, @pt, @tomcoates, @quinneyeq, @cloud_opinion, @tfadell, @_jeremyflores, @jeffnolan, @ksimm, @antoinegara, @bigblackjacobin, @tolstoybb, @peterkolchinsky, @twobitidiot, @crv, @jefielding, @amuse, @bradsilverberg, @charlesarthur, @deitaone, @mattocko, @teroterotero, @m2jr, @davidgerard, @mansourtarek_, @quinneyeq, @katie_roof, @kevinrose, @can, @paulg, @ranjanxroy, and @ronconway
| Bloomberg: |
More:
BBC, Reuters, Cryptopolitan, Insider, Cointelegraph, Rami's Readings, Livemint, Cooley, Michael Kuenne, Wall Street Journal, Australian Financial Review, Finance Substack, Agence France-Presse, Australian Financial Review, Insider, BIG by Matt Stoller, The Economic Times, Fortune, TechCrunch, Philip Elmer‑DeWitt, TechCrunch, South China Morning Post, and Inc42 Media
Tweets:
@lcmichaelides, @torrenegra, @kprescott, @samirkaji, @secretcfo, @silvermanjacob, @smtuffy, @taylorlorenz, @flateartherkitt, @mikebutcher, @pauljudge, @aaronklein, @alexwickham, @ericjackson, @joshmedia, @gramblings, @benparr, @moving_charlie, @matthfield, @lynnmdoan, @mikegatto, @israelipm, @anothercohen, @tw_seal, @cornelialake, and @tw_seal
| Financial Times: |
Sources: Tim Cook has pressed ahead with an MR headset debut in 2023, overruling Apple designers who wanted to wait until the tech catches up with their vision — New launch will be first steered entirely by CEO and under direction of operations team — When Tim Cook unveils Apple's new …
More:
MacRumors, 9to5Mac, MIXED Reality News, iPhone in Canada Blog, iClarified, AppleInsider, Wccftech, Patently Apple, and iThinkDifferent
Tweets:
@jetscott, @markgurman, @leakerapple, @binocularity, and @scobleizer
| Mark Gurman / Bloomberg: |
A look at the unprecedented level of executive turnover at Apple, which lost 11 key people, most just below Senior Vice President, since the second half of 2022 — Apple is facing an unprecedented wave of executive departures. Also: The company will shake up its sales operations with a focus on India … | Frank Chaparro / The Block: |
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance — - After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
More:
Circle Blog, PYMNTS.com, Decrypt, TechCrunch, Bloomberg, The Block, Inside Bitcoins, Bitcoinist.com, Euphoric, CryptoGlobe, The Information, The Block, CNBC, Watcher Guru, Cointelegraph, Engadget, Financial Times, Bitcoin News, Fortune, Cryptonews, CryptoGlobe, Crypto Daily, Bitcoinist.com, and CoinGape
Mastodon:
@jerry@infosec.exchange. Tweets:
@circle, @binance, @ddisparte, @jerallaire, @circle, @silvermanjacob, @wublockchain, @evgenygaevoy, @kobeissiletter, @adamscochran, @ddisparte, @mariuscrypt0, @mikeisaac, @lexnfx, @allnick, @1markmoss, @pitdesi, @northrocklp, @wublockchain, @asvanevik, @unusual_whales, @michaeljordaan, @edzitron, and @cryptowendyo
| Bloomberg: |
More:
Decrypt, Inside Bitcoins, The Guardian, Cryptonews, ZyCrypto, CryptoPotato, Unbank Space, CoinDesk, Watcher Guru, Wu Blockchain, Ethereum World News, Bitcoin News, Wall Street Journal, CoinGape, crypto.news, Cointelegraph, Crowdfund Insider, Cryptopolitan, Web3 is Going Just Great, Reuters, CryptoSlate, and NewsBTC
Tweets:
@coinbase, @viktorbunin, @coinbase, @matthew_d_green, @petergyang, @simonpb, and @edzitron
| Ben Cohen / Wall Street Journal: |
A look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7 — Bring a Trailer is where obsessives buy, sell and geek out over classic cars. The company pops open its hood after 100,000 auctions to explain why.
Tweets:
@wsj, @chicagobooth, and @tomgara
| John Sakellariadis / Politico: |
Worried that cloud giants offer concentrated hacking targets, the US plans to regulate the security practices of Amazon, Microsoft, Google, Oracle, and others — Governments and businesses have spent two decades rushing to the cloud — trusting some of their most sensitive data to tech giants …
More:
WebProNews, Investor's Business Daily, Slashdot, and Metacurity
Mastodon:
@metacurity@infosec.exchange and @malwaretech@infosec.exchange
Sponsor Posts
Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
Zoho Sign is a “high growth performer” in the Frost & Sullivan's Frost Radar™ for electronic signature software, 2024 — We are happy to announce that Zoho Sign has clinched a position as a high growth performer …
Zoho Sign is a “high growth performer” in the Frost & Sullivan's Frost Radar™ for electronic signature software, 2024 — We are happy to announce that Zoho Sign has clinched a position as a high growth performer …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more — We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics. Download reports immediately for just $100.
Discover the top reporters on AI, VR, policy, and much more — We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics. Download reports immediately for just $100.Who's Hiring In Tech?
Techmeme Ride Home:
Fri. 11/08 - Share To TikTok
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via
Apple Podcasts,
Spotify, or
RSS.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 6:40 PM ET, March 12, 2023.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
From Mediagazer
Variety:Sean Burch / The Wrap:
Chris Roush / Talking Biz News: