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Search resuls for: "Dietrich Knauth Tom Hals"


2 mentions found


☆ Silicon Valley Bank's former owner, FDIC bracing for fight over $2 bln
  + stars: | 2023-03-21 | by ( Dietrich Knauth Tom Hals | Dietrich Knauth | Tom Hals | ) www.reuters.com   time to read: +4 min
California banking regulators on March 10 closed Silicon Valley Bank in the largest U.S. bank failure since the 2008 financial crisis. Kurt Gwynne, an attorney for the FDIC as receiver for Silicon Valley Bank, disputed at Tuesday's hearing that regulators had done anything improper. Destroyed SVB (Silicon Valley Bank) logo is seen in this illustration taken March 13, 2023. Glenn said he was prepared to allow SVB Financial to use up to $100 million for investment activity. Silicon Valley Bank was SVB Financial's largest asset, accounting for more than $15.5 billion of SVB Financial's $19.7 billion in total assets.
☆ Failed crypto exchange FTX has recovered over $5 bln, attorney says
  + stars: | 2023-01-11 | by ( Dietrich Knauth Tom Hals | Dietrich Knauth | Tom Hals | ) www.reuters.com   time to read: +5 min
The U.S. Commodities Futures Trading Commission has estimated missing customer funds at more than $8 billion. The affiliates -- LedgerX, Embed, FTX Japan and FTX Europe -- are relatively independent from the broader FTX group, and each has its own segregated customer accounts and separate management teams, according to FTX court filings. In part to preserve the value of its businesses, FTX also sought Dorsey's approval to keep secret 9 million FTX customer names. Dorsey allowed the names to remain under wraps for only three months, not six months as FTX wanted. In addition to customer funds lost, the collapse of the company has also likely wiped out equity investors.
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