Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed. Bloomberg reports that last month, Silicon Valley Bank failed as a result of a $42 billion bank run from investors and depositors. The bank’s internal problems have come to light due to the collapse, and regulators are starting to look closely at the bank’s operations before its demise. A Wellesley, Mass., police officer glances at his watch as customers and bystanders form a line outside a Silicon Valley Bank branch location, Monday, March 13, 2023, while waiting for the branch to open, in Wellesley, Mass. (AP Photo/Steven Senne) The bank’s lending practices toward insiders, such as its own officers, directors, and principal shareholders, are one area that has received attention. According to government data, loans to insiders more than tripled from the third quarter of 2022 to $219 million in … [Read more...] about Report: Loans to Silicon Valley Bank Insiders Tripled to Record High as Collapse Loomed
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Texas Border Town Cops Find Migrants Stuffed in Suitcases
EAGLE PASS, Texas – Local police arrested a human smuggler after discovering two migrants crammed into luggage in the suspect’s vehicle. The 23-year-old suspected smuggler from San Antonio was accompanied by her five-month-old infant. The bust occurred on Saturday afternoon near the Rio Grande. Police initially noticed a suspicious vehicle at Jando Guedea Park in the afternoon hours. Officers stopped the vehicle after the driver committed a motor vehicle infraction. Police interviewed the driver identified as Brianna Nicole Starkes. Police say she appeared nervous and gave inconsistent answers. Police were reportedly then given permission to search the beige Kia Soul. Officers noticed suitcases in the vehicle. One was located next to the five-month-old infant secured in a car seat. A second suitcase sat in the rear cargo compartment. According to Eagle Pass Police Chief Federico Garza, the officer conducting the search noticed movement within the suitcase. After opening the … [Read more...] about Texas Border Town Cops Find Migrants Stuffed in Suitcases
Huawei’s Galaxy Z Fold 4 rival is about to launch, but the specs have already leaked
Huawei is launching the foldable Huawei Mate X3 tomorrow (March 23) alongside the flagship Huawei P60 , but, as is often the case with smartphone launches, there might not be much to reveal, as many of the Huawei Mate X3’s specs have already been leaked. The latest on that front comes from reputable leaker Digital Chat Station (opens in new tab) , who, posting on Weibo (via GSMArena (opens in new tab) ), claims that the Mate X3 has a 7.8-inch foldable screen with a 120Hz refresh rate, along with a triple-lens camera setup that includes a 50MP primary sensor and a periscope zoom lens. They also claim that the Huawei Mate X3 offers wireless charging and IPX8 water resistance, meaning it’s got the same sort of water resistance rating as most high-end phones, but no dust resistance. This is also the same rating as the Samsung Galaxy Z Fold 4 and Samsung Galaxy Z Flip 4 have. Finally, Digital Chat Station claims that the hinge will allow this phone to open at … [Read more...] about Huawei’s Galaxy Z Fold 4 rival is about to launch, but the specs have already leaked
Border Patrol Agent Shoots at Human Smuggler After Assault in Texas, Says Source
EAGLE PASS, Texas — A Del Rio Sector Border Patrol agent reportedly shot at a suspected human smuggler after the suspect allegedly attempted to strike the agent with the vehicle. The incident took place along the Texas border with Mexico near Eagle Pass. A source operating under the umbrella of U.S. Customs and Border Protection told Breitbart Texas that a suspected human smuggler attempted to back his vehicle into a Del Rio Sector agent late Monday night. The smuggler then reportedly attempted to flee from the agent. The Border Patrol agent then shot at the suspect to stop the assault, according to the source. It is not clear how many shots were fired. EMS personnel transported an unidentified injured person from the vehicle to an area hospital. The injuries are reportedly not related to the shooting. The driver was not the injured party. The shooting took place on the north side of the border town of Eagle Pass on Thompson Ranch Road. The driver is reportedly being charged … [Read more...] about Border Patrol Agent Shoots at Human Smuggler After Assault in Texas, Says Source
What is OLED? Self-lighting pixels, black levels and burn-in explained
OLED is a term that you see everywhere in tech. Whether you've been hunting for a new TV, eyeing up the latest laptops or reading about the Nintendo Switch OLED . But what is OLED tech? And, importantly, do you need to upgrade to an OLED TV and an OLED laptop? Let's begin with what OLED stands for: Organic Light Emitting Diode. It’s this panel tech that makes OLED TVs stand out in comparison to other types of displays. OLED TVs can turn their pixels off, in turn allowing them to deliver perfect blacks. OLED TVs bring you better image quality, faster response times and reduced power consumption. So if you’re looking to buy one of the best TVs , you need to learn more about OLED to help you decide whether it’s a better fit for your viewing needs than the likes of Samsung’s QLED TVs. This guide is an OLED TV explainer, helping you to figure out how OLED works, what sets an OLED TV apart from other panel types, and most importantly, if this TV tech is right for … [Read more...] about What is OLED? Self-lighting pixels, black levels and burn-in explained
Epson unveils its most sustainable business printers ever
Epson has released what it calls its “most seriously sustainable, feature-rich range of business color copiers.” The company's new WorkForce Enterprise AM-Series inkjet printers claim to be more energy efficient, less wasteful, and overall a better long-term commitment for buyers and the environment. Despite the green claims, Epson’s AM-Series printers look to be ready for business offering modular designs that can be tailored to the needs of individual companies, and speeds to match. Epson WorkForce Enterprise AM-Series inkjet printers The launch comes fewer than six months after Japanese electronics company and printing giant Epson announced plans to end the production of laser printers by 2026. According to third-party Keypoint Intelligence research, Epson says its new AM-Series business printers promise to use a quarter of the energy a typical laser printer would use; that’s comparing its AM-C4000 to 34 laser-based rivals. Besides the 40ppm … [Read more...] about Epson unveils its most sustainable business printers ever
BT and AWS are fusing 5G and cloud tech to connect businesses on the move
BT has announced a significant investment into a joint project with Amazon Web Services (AWS), aiming to bring 5G and 4G mobile edge computing services to UK business customers. With AWS’ cloud expertise and BT’s 5G/4G infrastructure, UK businesses can expect more secure, faster, high- bandwidth connectivity, on the go, with crowd management, healthcare, or security projects, all set to possibly benefit greatly from such a solution. What’s more, 5G is pivotal for Internet-of Things solutions, such as autonomous vehicles, cameras for policing, or industrial robots. AWS Wavelength This new announcement lines up perfectly with what BT’s been doing up until now, to boost its current mobile networks and bring 5G infrastructure-as-a-service through AWS Wavelength. A new “AWS Wavelength Zone” should soon become operational in Manchester, as well, and will service businesses in both public and private sector, in a 100-kilometer radius. BT Wholesale, which services … [Read more...] about BT and AWS are fusing 5G and cloud tech to connect businesses on the move