Silicon Valley Bank is shut down by regulators, FDIC to protect insured deposits

[Gaali_Gottam_Govinda]

Silicon Valley Bank has been closed by regulators, which have taken control of the bank’s deposits, the Federal Deposit Insurance Corp. announced Friday.

The California Department of Financial Protection and Innovation closed SVB, and named the FDIC as the receiver. The FDIC in turn has created the Deposit Insurance National Bank of Santa Clara, which now holds the insured deposits from SVB.

 

Silicon valley sanka nakipoyindi gaa next 2 years funding leka enni startups will go bust...... Austin and SFO bust 

[phatposts]

Aaa "Silicon Valley" ane peru lone edo teda undu. SVU, SVB etc. hehe

[veerigadu]

Big blow to IT sector. New jobs ela create avthayiiii if startups don’t find an east way to secure funding 

[hyperbole]

7 minutes ago, veerigadu said:

Big blow to IT sector. New jobs ela create avthayiiii if startups don’t find an east way to secure funding 

chala companies are freezing new developments unless very crucial, maa company lo direction is run the business for the next 1-2 years and chala cuts peetindru expansion and/or other things

[Spartan]

FDIC only protects upto 200K ...migitavi mari... ?

[csrcsr]

1 minute ago, Spartan said:

FDIC only protects upto 200K ...migitavi mari... ?

AI mida prototype projects ki evaporated anna 

[Spartan]

1 minute ago, csrcsr said:

AI mida prototype projects ki evaporated anna 

mana jobs safe kada anna...AI lo advance lekapote.

[megadheera]

2 minutes ago, Spartan said:

FDIC only protects upto 200K ...migitavi mari... ?

Maa lanti vallu 200k kalalone chustam bro..mee lanti bada baabulaki @Vaampire koncham kastame

[Spartan]

Just now, megadheera said:

Maa lanti vallu 200k kalalone chustam bro..mee lanti bada baabulaki @Vaampire koncham kastame

nenu kuda oka sare chusa anna na account lo...ippudu andulo 10% bhi ledu. balance

[csrcsr]

Just now, Spartan said:

mana jobs safe kada anna...AI lo advance lekapote.

ninna ekado ovado comedy chetsunadu last year it was metaverse this year AI burn cash mida cash , india lo kuda full cash  burning 

OLA story vinna edo ev car teddam ani planning anta vaadu anthe we will know soon anna

 

[megadheera]

1 minute ago, Spartan said:

nenu kuda oka sare chusa anna na account lo...ippudu andulo 10% bhi ledu. balance

@Sucker sopathi patti dabbulu baaga tagalesthunnavani @csrcsr bro @perugu_vada uncle tho last week sitting lo chana feel aithunde

[LadiesTailor]

28 minutes ago, Gaali_Gottam_Govinda said:

Silicon Valley Bank has been closed by regulators, which have taken control of the bank’s deposits, the Federal Deposit Insurance Corp. announced Friday.

The California Department of Financial Protection and Innovation closed SVB, and named the FDIC as the receiver. The FDIC in turn has created the Deposit Insurance National Bank of Santa Clara, which now holds the insured deposits from SVB.

 

Silicon valley sanka nakipoyindi gaa next 2 years funding leka enni startups will go bust...... Austin and SFO bust 

Are we experiencing another 2008 

[Hitman]

 ఈ విషయమ్ ముందే తెలిసి మా CBN HiTech City అని per పెట్టారు HYD silicon valley కి 

24 minutes ago, phatposts said:

Aaa "Silicon Valley" ane peru lone edo teda undu. SVU, SVB etc. hehe

 

[Gaali_Gottam_Govinda]

3 minutes ago, csrcsr said:

ninna ekado ovado comedy chetsunadu last year it was metaverse this year AI burn cash mida cash , india lo kuda full cash  burning 

OLA story vinna edo ev car teddam ani planning anta vaadu anthe we will know soon anna

 

Pilla dora ye muhurtaniki open chesado..... Startup world is imploding from behind

[veerigadu]

11 minutes ago, hyperbole said:

chala companies are freezing new developments unless very crucial, maa company lo direction is run the business for the next 1-2 years and chala cuts peetindru expansion and/or other things

Same2same. Anyayammm enti ante, In my company hiring process lo mid stages lo unnavallakiii kudaaa never mind ani sepparu....Asal risk seyyatleee companies.