silicon valley bank

JPMorgan Boosts Business After Silicon Valley Bank’s Collapse
JPMorgan Boosts Business After Silicon Valley Bank’s Collapse
July 12, 2023  |  Banking

Silicon Valley Bank’s collapse in March has prompted J.P. Morgan to tap into the resulting vacuum and grow its business of banking venture capitalists and...

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Fed Vice Chair: Banks Need ‘Humility and Skepticism’ and Tougher Rules
Fed Vice Chair: Banks Need ‘Humility and Skepticism’ and Tougher Rules
July 10, 2023  |  Banking

Banks both big and small will face tougher rules following this year’s banking crisis. That was the message from Michael Barr, the Federal Reserve’s vice chairman...

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Bankruptcy Judge Reportedly Approves Sale of SVB Financial Group’s Investment Bank
Bankruptcy Judge Reportedly Approves Sale of SVB Financial Group’s Investment Bank
July 05, 2023  |  Banking

A bankruptcy judge has reportedly approved the sale of SVB Financial Group’s investment bank to its managers. SVB Financial Group, the bankrupt former owner of Silicon Valley Bank,...

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Silicon Valley Bank Cautiously Restarts Lending Operations
Silicon Valley Bank Cautiously Restarts Lending Operations
July 05, 2023  |  Banking

Silicon Valley Bank (SVB) has reportedly — and carefully — reentered the startup/venture lending business. As The Wall Street Journal (WSJ) reported Wednesday (July 5), the bank —...

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Silicon Valley Bank Depositors Cheer Cayman Islands Court Ruling
Silicon Valley Bank Depositors Cheer Cayman Islands Court Ruling
June 30, 2023  |  Legal

Silicon Valley Bank customers with accounts in the Cayman Islands may be getting their money back. A Cayman Islands court approved a petition Thursday (June...

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Yellen Predicts More Bank Mergers This Year
Yellen Predicts More Bank Mergers This Year
June 25, 2023  |  Banking

Rising interest rates and a recent banking crisis could lead more lenders to merge this year. That’s according to U.S. Treasury Secretary Janet Yellen, who...

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Report: Tech Giants Were Among Uninsured Depositors Covered by FDIC
Report: Tech Giants Were Among Uninsured Depositors Covered by FDIC
June 23, 2023  |  Big Tech

The Federal Deposit Insurance Corporation’s guarantee of uninsured accounts at Silicon Valley Bank reportedly included companies that would have been in no real danger. While President Joe Biden...

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SVB Customers in Asia Still Stuck With Outstanding Loans
SVB Customers in Asia Still Stuck With Outstanding Loans
June 19, 2023  |  Banking

Silicon Valley Bank customers in Asia are reportedly facing dual headaches following the lender’s collapse. These customers had their deposits seized by the Federal Deposit...

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Original SVB Securities Team Plans to Buy It Back, Excludes MoffettNathanson
Original SVB Securities Team Plans to Buy It Back, Excludes MoffettNathanson
June 18, 2023  |  Banking

A management team bidder group plans to acquire SVB Securities from SVB Financial Group. The bidder group is led by SVB Securities CEO Jeff Leerink and backed by The Baupost...

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