Last Updated: March 14, 2023 Considerations relating to Silicon Valley Bank (SVB)’s closure have continued to evolve as a result of the recent announcement by the Federal Deposit Insurance Corporation (FDIC) that it has transferred all deposits—both insured and uninsured—and substantially all assets of the former SVB (including loans and lines of credit) to a newly created, full-service, FDIC-operated ‘bridge bank,’ Silicon Valley Bridge Bank, N.A. (SV BB). Depositors and borrowers of SVB automatically became customers of SV BB and will...

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Montpellier, France, March 13 2023 – CILcare, a company specialized in the R&D of novel therapies for hearing disorders, has the immense pleasure of welcoming four renown researchers in the field of hearing to its Scientific Advisory Board (SAB): Keith Darrow, Stéphane Maison, Aimo Kannt, and Dona Jayakody. Presided by Yves Cazals, formerly employed at the INSERM institute, specialists in psychoacoustics and the treatment of auditory pathologies, CILcare’s SAB will contribute to the development of its synaptopathy pipeline, an...

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In the latest development around the closure of Silicon Valley Bank and the appointment of the Federal Deposit Insurance Corporation (FDIC) as receiver, the FDIC announced today that it has transferred all bank deposits—both insured and uninsured—to a newly created, full-service FDIC-operated “bridge bank.” The FDIC has also transferred over substantially all assets (including all lines of credit of the bank, as clarified in updated FAQs released by the FDIC). The bridge bank, Silicon Valley Bank, N.A. (SVB N.A.),...

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This is the first blog by Dwight Davis, Datacolor Regional Sales Manager, in our series about finding the right tools for digital color management. In this post and the following ones, we’ll cover how to begin your search, making the business case for color management, the different types of color measurement instruments, how to successfully roll out new equipment and more. Our goal is to help you make the best decision possible for your company’s needs. Do you really need...

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Two consecutive quarters of negative growth is the technical definition of a recession. There has been a great deal of debate on whether the economies of the euro area and the UK are in a recession. If growth remains flat or is revised down for the final quarter of 2022, the underlying truth is that growth for the euro area and the UK has been subdued. Although the near-term outlook looks brighter than many expected six months prior, some...

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Austrian politician Klemens von Metternich once mused, “When America sneezes, the rest of the world catches a cold.” The 1929 Wall Street Crash led to the infamous ‘Hungry 30’s’, and the 2008 financial crisis was born in the US. Fast-forward to today, and many Europeans are wondering if America’s latest big sneeze – the Inflation Reduction Act – will mean they’re going to catch a cold soon. What is the Inflation Reduction Act? The Act is the final part of a $2 trillion...

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On Friday, March 10, 2023, Silicon Valley Bank (SVB) was closed by the California Department of Financial Protection & Innovation, The Federal Deposit Insurance Corporation (FDIC) was then appointed Receiver and the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). On Sunday, March 12, 2023, the Treasury, Federal Reserve, and FDIC released a joint statement confirming depositors will have access to all of their money at SVB starting Monday, March 13, 2023. The Treasury, Federal Reserve, and...

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A recent decision issued in France indicates that whether a gig worker is an independent contractor or employee is a fact-specific inquiry. In this case decided last month, delivery platform Stuart, a subsidiary of the group La Poste, was prosecuted under French employment law for having employed deliverers as independent contractors, when, according to the prosecution, they were in fact employees (who should have worked under an employment contract). The main argument from the prosecution to support its claim for “concealed...

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It’s now been over a year since Russia invaded Ukraine. Today, NATO members are supporting Ukraine at arm’s length by supplying armaments, but the day-to-day conflict is stuck in a stalemate and expected to last far longer than expected. As a result, an increased production ramp is needed to provide continued supply of weapons, munitions, and tools that will enable Ukraine to withstand continued attacks. These reinforcements are required at a time when munitions are expended at an order of...

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On Thursday (9 March) Kadri Simson, the European Commissioner for Energy, spoke to the European Parliament’s Committee on Industry, Research and Energy (ITRE) at the Committee’s event on “One year of Russia’s invasion and war of aggression against Ukraine”. The subject of her speech was the energy outlook for the EU this winter & beyond. The war sent oil prices to a record, leading to unsustainable energy prices for industry and citizens across Europe, leading to the Commission’s first REPowerEU...

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