|
March 12, 2023, 6:55 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| U.S. Department of the Treasury: |
The US Treasury, Federal Reserve, and the FDIC: all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13 — WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
More:
Board of Governors …, Wall Street Journal, CoinDesk, TechCrunch, Los Angeles Times, Variety, Crowdfund Insider, Fortune, Livemint, and Unusual Whales
Tweets:
@nicktimiraos, @eugenewei, @mhelft, @callumj, @thestalwart, @zck, @ericnewcomer, @garrytan, @mgsiegler, @ericnewcomer, and @levie
| Washington Post: |
Sources: US officials are considering the extraordinary step of protecting all uninsured SVB deposits if the FDIC is unable to find a buyer for the failed bank — Extraordinary step eyed if plan fails to sell the failed bank to another institution — Federal authorities … | CNBC: |
New York shuts down Signature Bank as US regulators cite a “systemic risk exception” like for SVB, announcing all of Signature's depositors will be “made whole” — U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution … | Matthew Monks / Bloomberg: |
Sources: the FDIC kicked off an auction process late on March 11 for SVB, with final bids due by 2pm EST on March 12; it's possible that no deal will be reached — The Federal Deposit Insurance Corp. kicked off an auction process late Saturday night for Silicon Valley Bank …
More:
Wall Street Journal, The Hill, Fortune, CNBC, Axios, The Verge, Cointelegraph, NBC News, Insider, Fortune, TechCrunch, Axios, The Block, and Bitcoin News
Tweets:
@jason, @davidsacks, @ddayen, @mattyglesias, @aduehren, @dalperovitch, @danprimack, @senatorhagerty, @anandwrites, @joshtpm, @convertbond, @iamjakestream, @jamessurowiecki, @cloud_opinion, @mattocko, @monikabauerlein, @felixsalmon, @samirkaji, @oneunderscore__, @danprimack, @business, @jamesgrickards, @autismcapital, @mayazi, @professorstam, @pt, @migueldeicaza, @hankgreen, @mamoonha, @danprimack, @vinnylingham, @kenklippenstein, @rlove, @hugh_son, @carnage4life, and @davidsirota
| CBS News: |
Q&A with US Treasury Secretary Janet Yellen on SVB: we are trying to meet depositors' needs and are not looking to bail out large banks' investors and owners — The following is a transcript of an interview with Treasury Secretary Janet Yellen that aired on “Face the Nation” on Sunday, March 12, 2023.
More:
On my Om, Financial Times, Associated Press, Axios, Reuters, New York Times, PYMNTS.com, Washington Examiner, CoinDesk, The Hill, Cointelegraph, Decrypt, Livemint, Reuters, Cryptopolitan, The Daily Hodl, Washington Post, TIME, Reuters, Politico, Bitcoin News, New York Post, crypto.news, CNN, Monday Morning Economist, Bloomberg, Slashdot, and TechCrunch
Tweets:
@cornelialake, @ashleymayer, @sama, @thestalwart, @davidsacks, @felixsalmon, @spencerjcox, @danprimack, @whstancil, @whstancil, @cloud_opinion, @pt, @cz_binance, @bio_clouseau, @modestproposal1, @pt, @digitalassetbuy, @elerianm, @seyitaylor, @scottmelker, @ericnewcomer, @flitteronfraud, @rustybrick, @cloud_opinion, @davidgura, @sarthakgh, @gregosuri, @xrpcryptowolf, @jason, @taylorlorenz, @bobeunlimited, @om, @samirkaji, @allnick, @amasad, @mgsiegler, @benedictevans, @w7voa, @jennablan, @profgalloway, @kylieatwood, @danprimack, and @danielagabor
| Financial Times: |
Sources: the UK is seeking a buyer for SVB's British arm, which had nearly £7B in deposits on March 10, with an UAE-based company as the “lead white knight” — ‘Lead white knight’ eyeing British arm of tech lender that had billions in deposits
More:
Financial Times, Bank of England, Reuters, GOV.UK, Sifted, BBC, London Evening Standard, TechCrunch, The Guardian, Sky News, Livemint, The i Paper, Cointelegraph, UKTN, Politico, eFinancialCareers …, Cryptopolitan, UKTN, Cryptopolitan, UKTN, Associated Press, Bitcoin News, and Crowdfund Insider
| Om Malik / On my Om: |
More than a bailout, Silicon Valley Bank needs a white knight to come in and take over the bank that has been at the heart of the US innovation economy — After three decades of being part of the Silicon Valley ecosystem — as a reporter, writer, entrepreneur, and investor — I thought I had seen it all.
More:
Wall Street Journal, Monomythical, Cryptopolitan, Los Angeles Times, and The Economic Times
Tweets:
@om, @rachelensignwsj, @danprimack, @jeff, @shripriya, @arpitrage, @markmobility, @washingtonpost, @tphillips, @kfile, @gzuckerman, @samidhas, @kevinokeefe, @scobleizer, @salimismail, @metacurity, @om, and @valaafshar
| Lauren Tara LaCapra / The Information: |
Sources: regional banks are the likeliest bidders to prevail in Silicon Valley Bank's sale process, not “too big to fail” banks like JPMorgan or Bank of America — Regional banks are the likeliest bidders to prevail in the sale process for Silicon Valley Bank …
Tweets:
@apartovi, @danprimack, @jessicalessin, @balajis, @kateclarktweets, and @davidmarcus
| Bloomberg: |
More:
CNBC, NBC News, PYMNTS.com, CNN, Reuters, The Grumpy Economist, New York Post, Insider, Finbold, Livemint, Apricitas Economics, The Block, The Hill, Daring Fireball, Mercury News, and Insider
Mastodon:
@lcamtuf@infosec.exchange. Tweets:
@mittromney, @carnage4life, @heydavidlee, @ljxie, @silvermanjacob, @matthewstoller, @nkulw, @bijans, @frances_coppola, @yoda, @ellebeyoud, @davemcclure, @anthony, @noahpinion, @alistairmbarr, and @armanddoma
| Bloomberg: |
SVB draws support from 500+ VCs, including General Catalyst and Sequoia, while 5,000+ founders and CEOs sign a Y Combinator petition asking US Congress to act — More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls …
More:
Bloomberg, Financial Times, Financial Times, Y Combinator Blog, TechCrunch, TechCrunch, Financial Times, Fortune, Cryptonews, Livemint, The Economic Times, Cointelegraph, Arthuriana, and Insider
Tweets:
@htaneja, @paulg, @garrytan, @garrytan, @micsolana, @reprokhanna, @davidsacks, @grdecter, @photomatt, @jeiting, @ryangrim, @marxgasol, @erikvoorhees, @joshsteinvc, @ryangrim, @pt, @tomcoates, @quinneyeq, @cloud_opinion, @tfadell, @_jeremyflores, @jeffnolan, @ksimm, @antoinegara, @bigblackjacobin, @tolstoybb, @peterkolchinsky, @twobitidiot, @crv, @jefielding, @amuse, @bradsilverberg, @charlesarthur, @deitaone, @mattocko, @teroterotero, @m2jr, @davidgerard, @mansourtarek_, @quinneyeq, @katie_roof, @kevinrose, @can, @paulg, @ranjanxroy, and @ronconway
| Bloomberg: |
More:
BBC, Reuters, Cryptopolitan, Insider, Cointelegraph, Rami's Readings, Livemint, Cooley, Michael Kuenne, Wall Street Journal, Australian Financial Review, Finance Substack, Agence France-Presse, Australian Financial Review, Insider, BIG by Matt Stoller, The Economic Times, and Fortune
Tweets:
@lcmichaelides, @torrenegra, @kprescott, @samirkaji, @secretcfo, @silvermanjacob, @smtuffy, @flateartherkitt, @taylorlorenz, @mikebutcher, @pauljudge, @aaronklein, @alexwickham, @ericjackson, @joshmedia, @gramblings, @benparr, @moving_charlie, @matthfield, @lynnmdoan, @mikegatto, @israelipm, @anothercohen, @tw_seal, @cornelialake, and @tw_seal
| Financial Times: |
Sources: Tim Cook has pressed ahead with an MR headset debut in 2023, overruling Apple designers who wanted to wait until the tech catches up with their vision — New launch will be first steered entirely by CEO and under direction of operations team — When Tim Cook unveils Apple's new …
More:
MacRumors, 9to5Mac, MIXED Reality News, iPhone in Canada Blog, iClarified, AppleInsider, Wccftech, Patently Apple, and iThinkDifferent
Tweets:
@jetscott, @markgurman, @leakerapple, @binocularity, and @scobleizer
| Mark Gurman / Bloomberg: |
A look at the unprecedented level of executive turnover at Apple, which lost 11 key people, most just below Senior Vice President, since the second half of 2022 — Apple is facing an unprecedented wave of executive departures. Also: The company will shake up its sales operations with a focus on India … | Frank Chaparro / The Block: |
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance — - After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
More:
Circle Blog, PYMNTS.com, Decrypt, Bloomberg, The Block, Inside Bitcoins, Bitcoinist.com, Euphoric, CryptoGlobe, The Information, CNBC, Watcher Guru, Engadget, Financial Times, Bitcoin News, and Fortune
Tweets:
@circle, @binance, @ddisparte, @jerallaire, @silvermanjacob, @circle, @wublockchain, @evgenygaevoy, @kobeissiletter, @adamscochran, @ddisparte, @mariuscrypt0, @mikeisaac, @lexnfx, @allnick, @1markmoss, @pitdesi, @northrocklp, @wublockchain, @asvanevik, @unusual_whales, @michaeljordaan, @edzitron, and @cryptowendyo
| Bloomberg: |
More:
Decrypt, Inside Bitcoins, The Guardian, ZyCrypto, Unbank Space, CryptoPotato, Cryptonews, CoinDesk, Watcher Guru, Wu Blockchain, Ethereum World News, Bitcoin News, Wall Street Journal, CoinGape, crypto.news, Cointelegraph, Crowdfund Insider, and Web3 is Going Just Great
Tweets:
@coinbase, @viktorbunin, @coinbase, @matthew_d_green, @petergyang, @simonpb, and @edzitron
| Ben Cohen / Wall Street Journal: |
A look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7 — Bring a Trailer is where obsessives buy, sell and geek out over classic cars. The company pops open its hood after 100,000 auctions to explain why.
Tweets:
@wsj, @chicagobooth, and @tomgara
| John Sakellariadis / Politico: |
Worried that cloud giants offer concentrated hacking targets, the US plans to regulate the security practices of Amazon, Microsoft, Google, Oracle, and others — Governments and businesses have spent two decades rushing to the cloud — trusting some of their most sensitive data to tech giants …
More:
WebProNews, Investor's Business Daily, and Slashdot
Mastodon:
@metacurity@infosec.exchange. Tweets:
@johnnysaks130, @vxzulu, @swagitda_, @dangoldin, @quinnypig, @xxcurt2905xx, @politicoeurope, @alfonslopeztena, @marcwrogers, @p1z4t, @stollmeyereu, @josourcing, @ericgeller, @usrealitycheck, @politico, and @incognetllc
Sponsor Posts
Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference — Stop preparing for agents. Start running them. 100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Cloudflare Connect 2026: The Agentic Conference — Stop preparing for agents. Start running them. 100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
Generate Sample Data the Way You Want It Using AI, for Free — Finding good sample data is harder than it should be.If you've ever tried to test a dashboard, build a demo, or train a team on an analytics tool, you know the drill.
Generate Sample Data the Way You Want It Using AI, for Free — Finding good sample data is harder than it should be.If you've ever tried to test a dashboard, build a demo, or train a team on an analytics tool, you know the drill.
IDrive:
IDrive Autonomy: low-cost L2+ driver assistance with AI — L2+ driver assistance with a scalable AI stack built for automotive companies and laying the foundation for the autonomous future.
IDrive Autonomy: low-cost L2+ driver assistance with AI — L2+ driver assistance with a scalable AI stack built for automotive companies and laying the foundation for the autonomous future.Featured Podcasts
Big Technology Podcast:
Cloudflare CEO: We're Ready To Block Millions of Websites From AI — With Matthew Prince
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
Data Centers, Elon Musk, and the New Politics of Tech, with David Weigel
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Access:
Sam Altman on OpenAI's next model and the AI backlash
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
Subscribe to Access.
Uncapped with Jack Altman:
Brian Singerman from GPx
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
Training Data:
Making Cities Awesome: Peregrine's Nick Noone & Ben Rudolph
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 6:55 PM ET, March 12, 2023.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
From Mediagazer
Alex Weprin / The Hollywood Reporter:Charlotte Tobitt / Press Gazette:
Benjamin Mullin / New York Times: