June 10, 2023
When the Silicon Valley bank went bankrupt in March 2023, the current legal rule was that the Federal Deposit Insurance Corporation (FDIC) only insured bank deposits up to $250,000. This is enough for almost every family. But a number of businesses had much larger amounts in deposits at the bank, and when these businesses became
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Apple has told Indian officials that it needs “a specific reason or legal requirement” to fully comply with its directive to disable betting apps on its App Store. This and other exclusives in today’s ETtech Morning Dispatch. Also in the letter:■ Slowdown in used car sales■ A number of startups are resisting the trend to
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Advertising For decades, metropolitan areas around the world and their governments have launched numerous initiatives to transform themselves into the “new Silicon Valley”. Labels like Silicon Alley, Silicon Beach, Silicon Bayou, Silicon Desert, Silicon Hills, Silicon Holler, Silicon Peach, Silicon Prairie, Silicon Shire, Silicon Slopes and so on have come and gone in the US.
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Silicon Valley car ethernet chip launch Eternovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE. Qualcomm Ventures, Venture Technology Alliance and others. As automakers move to electric vehicles with more driver-assistance features, they are upgrading the electronics to eliminate the dozens of cables
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A young child died after being infected with mosquito-borne encephalitis Murray Valley (MVE) in the Northern Territory. The unidentified child died in hospital on Saturday after being diagnosed with the virus. The child’s death is the second death from MVE in NT this year, after a 70-year-old woman died of the virus in February. MVE
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When discussing questions such as “why there is deposit insurance” and “why does the government regularly audit the financial accounts of banks,” people like me often end up describing bank runs. However, our examples tend to be old, often taken from movies like Mary Poppins, It’s a Wonderful Love, or old Westerns. Our “modern” example
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CNN — When clients in Bank of Silicon Valley rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some founders of color who were panicking about losing access to payroll funds. As a black woman with nearly 10 years of business experience, Hamilton knew the opportunities for those
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Here are the best Ramadan buffet locations where you can enjoy buka puasa with friends and family. in RAMADAN this is a special month for Muslims around the world when they fast from dawn to dusk as an act of worship and reflection. In Malaysia, one of the best ways to break the fast during
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For those who love coffee, plants, and pizza, Apple Valley has a new place just for you. The restaurant is located on the corner of Galaxie and County Road 42. One side is dedicated to plants and caffeine. It’s called Curiouser Coffee and Conservatory. The drinks are unique, offering unexpected twists such as cocoa puffed
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According to Michael Barr, Federal Reserve Vice Chairman for Supervision, the failure of a Silicon Valley bank was “textbook case of mismanagement“. Perhaps this is not surprising. Regulators are unlikely to conclude that the second-largest bankrupt in American history was due to poor regulation. What did the leadership of the SVB do? Why would they
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