SVB, China and the Saudis: End of the U.S. petrodollar era?

By on    China, Exclusives, Geostrategy-Direct, Mideast, Rest of The Best, Saudi Arabia, Top Stories, Washington, World Links, World News, World Tribune  

SVB, China and the Saudis: End of the U.S. petrodollar era?

FPI / March 15, 2023 Geostrategy-Direct Soon after Silicon Valley Bank went bust on March 10 in the second largest bank failure in U.S. history, the Biden administration stepped in and bailed out SVB’s depositors, the majority of whom are wealthy donors to the Democrat Party. “For Washington, this was no big deal,” independent journalist […]

Too ‘woke’ to fail: Silicon Valley Bank had a special kind of insurance

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Too ‘woke’ to fail: Silicon Valley Bank had a special kind of insurance

Analysis by WorldTribune Staff, March 14, 2023 In the wake of the collapse of Silicon Valley Bank (SVB), financial analysts slammed Team Biden for pushing banks to consider LGBTQ+ and global warming over shareholder returns. Mark T. Williams, a former bank examiner for the Federal Reserve, told Fortune that SVB’s failure had much to do […]

‘Green, woke and broke’: Wall Street rocked by 1929-style collapse of Silicon Valley Bank

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‘Green, woke and broke’: Wall Street rocked by 1929-style collapse of Silicon Valley Bank

by WorldTribune Staff, March 12, 2023 The website of Silicon Valley Bank (SVB) still boasts that it claims assets of $212 billion. SVB is also steeped in wokeness, being a faithful proponent of the ESG (environmental, social, and governance) movement. On Friday, “oh so woke, oh so green, oh so diverse” SVB “went bust,” author […]