The Internal Revenue Service (IRS) is suing the Federal Deposit Insurance Corp. (FDIC) over a tax debt owed by the failed Silicon Valley Bank. The FDIC seized the bank...
Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a...
Silicon Valley Bank’s parent company says America’s banking watchdog owes it $1.9 billion. To that end, SVB Financial filed suit Sunday (July 9) against the...
SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. The company, which owned the failed Silicon Valley Bank, hopes...
This tumultuous week began and ended the same: with Silicon Valley Bank still for sale. Only now, the lender’s former parent company, SVB Financial Group, has officially filed...
In Silicon Valley, and specifically for smaller tech firms, the tremors threaten to become a quake. Just a day after Silvergate Capital said it would...
There’s no easy road ahead for startups — or the funds and banks that invest in them — but then again, it’s all a part...
In today’s top news in digital-first banking, Oxygen has completed a $17 million Series A funding round, while SVB Financial Group plans to acquire Boston...