Flexport: 'We have no active accounts with SVB, Signature Bank or Silvergate Bank'
Straight back to us
This isn’t for the faint-hearted. Silvergate Capital, Sillicon Valley Bank (SVB) and, overnight, Signature Bank: all gone tits-up. In just about a week.
Fintech and cryptocurrency backers Silvergate and Signature are less sizeable than SVB, the largest bank by deposits in Silicon Valley, and its Nasdaq-listed operating arm, SVB Financial Group (ticker: SIVB). Where to start is easy.
First of all, many thanks to Marc Rubinstein for penning comprehensive coverage on the hottest topic of the past few days from Finance Wonderland. Courtesy of this seasoned ex-hedge ...
Expeditors sues long-term client for unpaid $20m in row over invoices
More bad news for carriers hoping rates decline has bottomed-out
Rivals set out to woo UPS customers as fears of a strike grow
Drop 'DB' and 'DP'. Call it 'DHL Schenker'. Sounds cool, huh?
Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
2M axes Asia-North Europe loop, as carriers shop for more tonnage
Taiwan carriers pay record staff bonuses after year of bumper profits
Airfreight rate relief for shippers, or are things going to 'turn nasty'?
Shippers put more pressure on ocean carriers for carbon-free services
Atlas Air merger with Apollo group finally set to close on Friday
Dachser's M&A in air and ocean freight – how serious is that?
Asia services expanding as logistics players opt for a 'China+1' strategy
Comment on this article