Banking

Startups and VCs Change Banking Practices After Recent Turmoil
Banking
Startups and VCs Change Banking Practices After Recent Turmoil
March 13, 2023

Startups and venture capital (VC) firms are changing how they bank after recent industry turmoil. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

New Owner HSBC Invests $2.1 Billion Into SVB UK
Banking
New Owner HSBC Invests $2.1 Billion Into SVB UK
March 13, 2023

British banking giant HSBC is reportedly set to inject $2.1 billion into Silicon Valley Bank UK. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

BaFin Bans SVB From Doing Business in Germany
Banking
BaFin Bans SVB From Doing Business in Germany
March 13, 2023

Aftershocks from the collapse of Silicon Valley Bank continue to be felt around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

FDIC Moves SVB Deposits to National Bank of Santa Clara
Banking
FDIC Moves SVB Deposits to National Bank of Santa Clara
March 13, 2023

Federal regulators have transferred all deposits from the failed Silicon Valley Bank to a new “bridge bank.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

HSBC Pays One Pound to Purchase Silicon Valley Bank UK
Banking
HSBC Pays One Pound to Purchase Silicon Valley Bank UK
March 13, 2023

Banking giant HSBC is set to acquire the U.K. arm of failed lender Silicon Valley Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Regulators Say Silicon Valley Bank Depositors Will Be Covered
Banking
Regulators Say Silicon Valley Bank Depositors Will Be Covered
March 12, 2023

Federal regulators have thrown Silicon Valley Bank (SVB) customers a lifeline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

The Bank of London Offers to Buy Silicon Valley Bank’s UK Operations
Banking
The Bank of London Offers to Buy Silicon Valley Bank’s UK Operations
March 12, 2023

The Bank of London has offered to purchase the British operations of the collapsed Silicon Valley Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Signature Bank Shut Down and Placed Under FDIC Control
Banking
Signature Bank Shut Down and Placed Under FDIC Control
March 12, 2023

Regulators have closed down crypto-friendly lender Signature Bank in an attempt to stave off a banking crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Britain Races to Stem SVB Fallout as UK Arm Attracts EMEA Buyers
Banking
Britain Races to Stem SVB Fallout as UK Arm Attracts EMEA Buyers
March 12, 2023

The sudden collapse of California-based Silicon Valley Bank (SVB), which focuses on tech startups, is having repercussions far beyond the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...