Silicon Valley – Page 4 – California Globe

Assembly, Senate Leaders Call on Gov. Newsom to Recuse Himself from Silicon Valley Bank Bailout

March 15, 2023 11:53 amMarch 16, 2023 6:13 pm

As everyone now knows, Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, with the FDIC in charge of liquidation. California Governor Gavin Newsom issued a statement Saturday morning in response saying “Over the last 48...

Failed Silicon Valley Bank, the Newsoms, and Connected Friends

March 14, 2023 5:27 pmMarch 16, 2023 12:03 pm

The Silicon Valley Bank failure and shutdown is because of “idiot bank management under an incompetent board,” according to Shark Tank star Kevin O’Leary. “O’Leary joined Fox News hosts Bill Hemmer and Dana Perino on Tuesday to discuss the Silicon Valley...

Meta Announces 10,000 More Job Cuts In Second Round Of Layoffs

March 14, 2023 1:05 pmMarch 14, 2023 1:05 pm

Meta, the Menlo Park-based parent company of social media sites Facebook, Instagram, and WhatsApp, announced on Tuesday that they would be laying off another 10,000 employees this Spring, marking the second round of large layoffs by the social media company...

Open the Books Links Gov. Gavin Newsom and Silicon Valley Bank

March 13, 2023 6:02 pmMarch 14, 2023 3:59 pm

Following the Friday Silicon Valley Bank closure, Sunday morning the Globe reported an interesting tie between Silicon Valley Bank and California’s First Partner Jennifer Siebel Newsom – John China, SVB Executive of Capital sits on the board of Jennifer Siebel Newsom’s California Partners...

SVB Depositors Made Whole by Fed

March 12, 2023 8:26 pmMarch 12, 2023 9:47 pm

Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, with the FDIC in charge of liquidation, the Globe reported. SVB was one of the largest banks in the country and one of the premier banks...

Silicon Valley Bank Ties to California First Partner Jennifer Newsom

March 12, 2023 10:14 amMarch 13, 2023 6:38 pm

Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, with the FDIC in charge of liquidation. SVB was one of the largest banks in the country and one of the premier banks of Venture Capital...

State Regulators Shut Down Silicon Valley Bank

March 10, 2023 12:46 pmMarch 10, 2023 12:46 pm

The California Department of Financial Protection and Innovation announced on Friday that the Silicon Valley Bank (SVB) would be shut down with the FDIC in charge of liquidation, officially ending one of the largest banks in the country and one...