Find in the news:
BY COUNTRY

Etsy faces problems due to Silicon Valley Bank bankruptcy



E-commerce company warned merchants about possible payment processing problems.
"We wanted to let you know that there has been a delay with your deposit scheduled for today," the company commented, saying that it is taking all possible steps to resolve the problem and pay out funds as soon as possible. Etsy is working with other payment partners to ensure necessary payments.

Etsy - unsplash

As of early 2023, there were 7.5 million sellers registered on the platform. Several have noted that a delayed payment could have a "catastrophic" impact on business. In the absence of payments, sellers would be unable to pay for the purchase of new materials and the delivery of goods. Etsy still needs to provide sellers with timelines for crediting the funds.

Silicon Valley Bank's problems began after the bank announced a $21 billion stock sale and attempted to raise more than $1 billion from investors for "general corporate purposes." Such moves caused concern among investors and depositors, who began withdrawing their deposits in an emergency.

SVB stock plummeted more than 60 percent last Thursday and continued to fall the next day, after which the regulator closed trading on the exchange. The bankruptcy was the largest in the banking sector since 2008 and the second largest in history after the bankruptcy of Washington Mutual.

More about shopping malls in the USA



TODAY, USA:
Luxury fashion house Balenciaga inaugurated its first standalone store in Chicago, Illinois.
YESTERDAY, France:
Some fashion brands are opting to hold their showroom presentations in Milan this season due to logistical challenges posed by the Olympics.
DAY BEFORE YESTERDAY:
The collection follows the recent launch of Zara's 'Timelesz' line and represents another step in enhancing its kids' division.
May 17, 2024:
David Beckham has signed a multi-year design deal with Hugo Boss
May 16, 2024:
Fashion retailer Esprit has commenced insolvency proceedings for its European holding company.
May 15, 2024, USA:
The company has enlisted Goldman Sachs to assist in reviewing its portfolio.
Friend
and Follow
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Woodfield Mall GLA:2 200 000 SF
ADDRESS: 5 Woodfield Mall, Schaumburg, IL 60173
USA . Schaumburg
Woodfield Mall
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us