Silicon Valley Bank Updates

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

Silicon Valley Bank Updates
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  |  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  |  Partnerships

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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Ongoing Banking Turmoil Revives Business Model Debate
Ongoing Banking Turmoil Revives Business Model Debate
May 09, 2023  |  Banking

It has been an eventful few weeks since March’s mini banking crisis. Just last Monday (May 1) JPMorgan bought the subsequently failed First Republic Bank — a previously...

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Buffet: FDIC Avoided Catastrophe by Covering All SVB Customers
Buffet: FDIC Avoided Catastrophe by Covering All SVB Customers
May 07, 2023  |  Banking

“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO...

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