Silicon Valley Bank Updates

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

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SVB Financial Group Share Trading Halted After 68% Premarket Plunge
SVB Financial Group Share Trading Halted After 68% Premarket Plunge
March 10, 2023  |  Banking

SVB Financial Group share trading was halted Friday (March 10) after a 68% premarket plunge. This move followed a 60% drop in the share price...

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Silicon Valley Bank Crisis Threatens FinTech Funding
Silicon Valley Bank Crisis Threatens FinTech Funding
March 10, 2023  |  Banking

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...

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Banks’ Market Values Plunge Thursday as Depositors Flee for Higher Rates
Banks’ Market Values Plunge Thursday as Depositors Flee for Higher Rates
March 09, 2023  |  Banking

Investors’ concerns about banks’ unrealized losses on securities caused financial stocks to plunge Thursday. Compared to the previous day, JPMorgan’s market value dropped by $22...

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Liberis Raises $32.6M to Expand in Europe
Liberis Raises $32.6M to Expand in Europe
January 31, 2023  |  Investments

Liberis has raised 30 million euros in debt financing to grow its business in Europe. The London-based embedded finance provider announced on Tuesday (Jan. 31)...

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PYMNTS Intelligence: Marking the Milestones and Impact of the RTP® Network
PYMNTS Intelligence: Marking the Milestones and Impact of the RTP® Network
December 21, 2022  |  Faster Payments

The RTP® network does not only offer secure payments that settle in seconds. It also offers payment messaging capability, digital commerce services and a host...

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Tweet It to Believe It: SBF Speaking at House Hearing
Tweet It to Believe It: SBF Speaking at House Hearing
December 09, 2022  |  Cryptocurrency

The one-time billionaire founder of failed Crypto exchange FTX, Sam Bankman-Fried, is heading to Washington. This, as the fallen king of crypto tweeted to Congresswoman and...

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US Treasury Promotes Bank-FinTech Partnerships
US Treasury Promotes Bank-FinTech Partnerships
November 16, 2022  |  Bank Regulation

The U.S. Department of the Treasury issued a report Wednesday (Nov. 16) encouraging collaboration between banks and FinTechs, provided it is done responsibly. The report...

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‘Inevitable’ Advance of Embedded Payments Will Spark Bank-FinTech Partnerships
‘Inevitable’ Advance of Embedded Payments Will Spark Bank-FinTech Partnerships
November 09, 2022  |  Payment Methods

Embedded payments are an inevitability for merchants, for small businesses, for plumbers and gardeners, and pretty much everyone else. Modern Treasury CEO and Co-Founder Dimitri...

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Money Transfer Firm Wise Lands $347M in Capital
Money Transfer Firm Wise Lands $347M in Capital
October 27, 2022  |  Investments

British money transfer firm Wise has received $300 million pounds (about $347.1 million) via a syndicated debt facility from the United Kingdom branch of California’s...

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