Silicon Valley Bank Updates

The latest coverage and analysis from PYMNTS following the dramatic collapse of Silicon Valley Bank (SVB).
Tether Breaks Buck as Stablecoin Panic Spreads
Tether Breaks Buck as Stablecoin Panic Spreads
May 12, 2022  |  Cryptocurrency

Stablecoin panic spread Thursday (May 12), with No. 1 stablecoin tether (USDT) breaking the buck in the wake of TerraUSD’s spiraling plunge below $1 over...

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Automotive eCommerce Firm AutoFi Closes $85M in Financing to Accelerate Growth
Automotive eCommerce Firm AutoFi Closes $85M in Financing to Accelerate Growth
March 07, 2022  |  Investments

AutoFi, a San Francisco-based eCommerce platform for online car sales and financing, has closed $85 million in funding, valuing the company at nearly $700 million,...

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Silicon Valley Bank on Banking at the Edge of Technology
Silicon Valley Bank on Banking at the Edge of Technology
January 17, 2022  |  Digital-First Banking

Serving digital-first banking clients means meeting them where they are, whether they reach out online or want to talk finances over a glass of wine...

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Silicon Valley Bank’s Digital-First Approach t​o Keeping Tech Innovators Engaged
Silicon Valley Bank’s Digital-First Approach t​o Keeping Tech Innovators Engaged
January 14, 2022  |  Digital-First Banking

Banking customers are less likely than ever before to visit branches, and 43% say they bank entirely online or through a mobile app. At the...

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Rental Market Platform Azibo Nets $19M for Hiring, Scale Push
Rental Market Platform Azibo Nets $19M for Hiring, Scale Push
January 12, 2022  |  Real Estate

Azibo, the one-stop shop finance program for rental properties, has completed a series A round for $19 million, a press release says. The round was...

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Samsung Could Purchase Alzheimer’s Drugmaker Biogen
Samsung Could Purchase Alzheimer’s Drugmaker Biogen
December 29, 2021  |  Acquisitions

Samsung Group is in talks to buy the American drugmaker Biogen, according to published reports Wednesday (Dec. 29). Biogen has apparently approached the South Korean...

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M&A Scrutiny, Price Regulation Possible Headwinds for Pharma, Biotech in 2022
M&A Scrutiny, Price Regulation Possible Headwinds for Pharma, Biotech in 2022
December 20, 2021  |  Regulation

Pharmaceutical companies and biotech companies have undeniably enjoyed a very profitable 2021, and probably rightly so, for bringing to the market in record time effective...

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Silicon Valley Bank to Buy Research Firm MoffettNathanson
Silicon Valley Bank to Buy Research Firm MoffettNathanson
December 13, 2021  |  Acquisitions

Silicon Valley Bank’s parent company, SVB Financial Group, will acquire technology, media and telecom research firm MoffettNathanson, SVB announced Monday (Dec. 13). The deal will...

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Better Data Access Delivers Profit, Spending Controls for Small Business
Better Data Access Delivers Profit, Spending Controls for Small Business
November 23, 2021  |  SMBs

Consolidation is critical when it comes to improving spend management. In a recent On the Agenda, Bessemer Venture Partners Operating Partner Jeff Epstein; Airbase Founder...

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