Silicon Valley Bank Updates

The latest coverage and analysis from PYMNTS following the dramatic collapse of Silicon Valley Bank (SVB).

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

Federal regulators have thrown Silicon Valley Bank (SVB) customers a lifeline. Officials from the Federal Reserve, Federal Deposit Insurance Corporation and the U.S. Treasury announced...

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

The Bank of London has offered to purchase the British operations of the collapsed Silicon Valley Bank. The clearing bank said Sunday (March 12) it...

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

Regulators have closed down crypto-friendly lender Signature Bank in an attempt to stave off a banking crisis. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC)...

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

The sudden collapse of California-based Silicon Valley Bank (SVB), which focuses on tech startups, is having repercussions far beyond the U.S. As of Sunday (March...

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Yellen Says No Bailout Planned for Silicon Valley Bank
Yellen Says No Bailout Planned for Silicon Valley Bank
March 12, 2023  |  Banking

Treasury Secretary Janet Yellen says the U.S. has no plans for a bailout of the collapsed Silicon Valley Bank. However, the federal government is working...

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Feds Auction Off Failed Silicon Valley Bank Amid Ongoing Fallout
Feds Auction Off Failed Silicon Valley Bank Amid Ongoing Fallout
March 12, 2023  |  Banking

U.S. regulators were reportedly auctioning off Silicon Valley Bank, whose failure last week continues to rock the financial world. The auction was underway Sunday (March...

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Circle Promises to Cover $3.3 Billion Held at Silicon Valley Bank
Circle Promises to Cover $3.3 Billion Held at Silicon Valley Bank
March 12, 2023  |  Cryptocurrency

Circle says it is confident it will recover $3.3 billion in reserves held at Silicon Valley Bank. The announcement Saturday (March 11) led Circle’s USDC...

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Silicon Valley Bank Closure Impacts Hundreds of Startups and VCs
Silicon Valley Bank Closure Impacts Hundreds of Startups and VCs
March 10, 2023  |  Banking

The closure of Silicon Valley Bank has impacted startups and venture capital firms. Hundreds of such firms did their banking and kept billions of dollars...

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As Silicon Valley Bank Folds, Can FinTech Outrun the Bank Runs?
As Silicon Valley Bank Folds, Can FinTech Outrun the Bank Runs?
March 10, 2023  |  Banking

Silicon Valley Bank has collapsed. The regulators have circled the wagons. The damage is contained.  Maybe.   Maybe just for a day, because who knows what...

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