Silicon Valley Bank Updates

The latest coverage and analysis from PYMNTS following the dramatic collapse of Silicon Valley Bank (SVB).
SVB Customers in Asia Still Stuck With Outstanding Loans
SVB Customers in Asia Still Stuck With Outstanding Loans
June 19, 2023  |  Banking

Silicon Valley Bank customers in Asia are reportedly facing dual headaches following the lender’s collapse. These customers had their deposits seized by the Federal Deposit...

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Original SVB Securities Team Plans to Buy It Back, Excludes MoffettNathanson
Original SVB Securities Team Plans to Buy It Back, Excludes MoffettNathanson
June 18, 2023  |  Banking

A management team bidder group plans to acquire SVB Securities from SVB Financial Group. The bidder group is led by SVB Securities CEO Jeff Leerink and backed by The Baupost...

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FDIC Readies Sale of SVB’s $460 Million German Business
FDIC Readies Sale of SVB’s $460 Million German Business
June 16, 2023  |  Banking

Beginning next week, bidders will get the chance to purchase Silicon Valley Bank’s German business. The Federal Deposit Insurance Corp. (FDIC) is set to open a data...

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Report: Online Banks’ Deposits Grow as Regionals Struggle
Report: Online Banks’ Deposits Grow as Regionals Struggle
June 04, 2023  |  Digital-First Banking

It is apparently a good time to be an online bank. As The Wall Street Journal reported Saturday (June 3), these banks took in more deposits than...

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SEC Looking Into Withdrawals Made From Silicon Valley Bank
SEC Looking Into Withdrawals Made From Silicon Valley Bank
May 30, 2023  |  Banking

The Securities and Exchange Commission (SEC) is reportedly looking into withdrawals made from Silicon Valley Bank before it collapsed. One focus of the inquiry is whether executives...

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UK Arm of Silicon Valley Bank Now HSBC Innovation Banking
UK Arm of Silicon Valley Bank Now HSBC Innovation Banking
May 30, 2023  |  Banking

HSBC is reportedly set to rename the U.K. arm of Silicon Valley Bank (SVB). The European banking giant will next month announce the rechristening, dubbing the...

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Senators Skewer Failed Bank Execs for ‘Stupid Bets,’ Selfish Management
Senators Skewer Failed Bank Execs for ‘Stupid Bets,’ Selfish Management
May 16, 2023  |  Banking

The failures of Silicon Valley Bank (SVB) and Signature Bank were unlike any in history. U.S. lawmakers are hoping to get to the bottom of...

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Former SVB CEO Blames Fed Rate Hikes and Online Rumors for Bank Failure
Former SVB CEO Blames Fed Rate Hikes and Online Rumors for Bank Failure
May 15, 2023  |  Banking

Federal Reserve rate hikes and online rumors and misconceptions contributed to the collapse of Silicon Valley Bank. So said former Silicon Valley Bank CEO Gregory...

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ACI Worldwide Takeover Slowed by Banking Turmoil
ACI Worldwide Takeover Slowed by Banking Turmoil
May 11, 2023  |  Acquisitions

Motive Partners’ potential acquisition of payments company ACI Worldwide has reportedly run into some roadblocks. The private equity firm is still working on the purchase,...

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