Silicon Valley Bank Archives

‘Instant Bank Run’ Spikes Concerns About S. Korean Online Lenders

SEOUL, March 17 (Korea Bizwire) — As a bank run carried out from smartphones has been identified as one of the factors behind the rapid downfall of Silicon Valley Bank, which collapsed in just 36 hours, concerns are growing that South Korea’s online lenders could also fall prey to a fast-moving bank run. Under the [...]

S. Korea Wary of Greater Market Volatility over Silicon Valley Bank Failure

SEOUL, March 12 (Korea Bizwire) — The collapse of the United States’ Silicon Valley Bank (SVB) could heighten volatility and uncertainties in the financial market, South Korea’s finance ministry said Sunday, vowing to beef up monitoring and swift responses to minimize potential impacts on the economy. On Friday, U.S. banking regulators shut down the startup-focused [...]