silicon valley bank

Clearco’s Original Venture Backers Purchase $60 Million SVB Loan

Clearco’s Original Venture Backers Purchase $60 Million SVB Loan
Clearco’s Original Venture Backers Purchase $60 Million SVB Loan
August 04, 2023  |  Banking

The original venture backers of Canadian eCommerce lender Clearco are reportedly buying a loan made to the company by Silicon Valley Bank (SVB). Inovia Capital and Founders Circle Capital, joined by...

READ MORE >
Cash Flow Firm Settle Gets $145M Credit Facility With Silicon Valley Bank
Cash Flow Firm Settle Gets $145M Credit Facility With Silicon Valley Bank
July 25, 2023  |  Loans

Cash flow management company Settle has secured a $145 million credit facility with Silicon Valley Bank. The financing, announced in a news release Tuesday (July 25), will let Settle develop...

READ MORE >
Deposits, Consumers and Digital Channels in Focus as Bank Earnings Get Underway
Deposits, Consumers and Digital Channels in Focus as Bank Earnings Get Underway
July 12, 2023  |  Earnings

It’s the middle of July, almost. And thus: Earnings season begins in earnest. As usual, a slew of big banks will kick things off, beginning...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
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 —...

READ MORE >
Silicon Valley Bank Depositors Cheer Cayman Islands Court Ruling
Silicon Valley Bank Depositors Cheer Cayman Islands Court Ruling
June 30, 2023  |  Legal & Regulation

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...

READ MORE >