Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraud

It appeared to be the first of many likely lawsuits over the demise of Silicon Valley Bank, which US regulators seized on March 10 following a surge of deposit withdrawals.

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CII bats for domestic financial ecosystem to support startups

According to reports, at least 40 YC-backed Indian startups have $2,50,000 to $1 million in deposits with SVB while more than 20 of them have deposits of more than $1 million.

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Crypto firm Circle says $3.3 billion USDC reserves to be fully available on Monday

Circle said it did not have any Stablecoin USD Coin (USDC) cash reserves at Signature Bank and that the token remained redeemable at 1:1 US dollar peg.

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Opinion: SVB collapse shows the fickleness of crypto money

Yale School of Management finance professor Gary Gorton and Federal Reserve attorney Jeffery Zhang have highlighted this regulatory vacuum, and how it prevents stablecoins from becoming what they refer to as “no-questions-asked” money.

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SVB meltdown: Indian govt to meet affected startups, EV makers questioned about mispricing products

Indian startups have been adversely affected by these developments, with a particular impact on those in the software-as-a-service (SaaS) industry.

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EV companies meet officials to explain FAME-II mispricing allegations

Govt may pull the plug on EV subsidy scheme even as industry seeks an extension.

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Silicon Valley Bank collapse: More than 400 VC funds issue statement supporting SVB

The VC firms that co-signed the statement include Accel, Y Combinator, Sequoia Capital, General Catalyst and Matrix Partners, among others.

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