Silicon Valley Bank Updates

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

Silicon Valley Bank Updates
SVB and Signature Were ‘Allowed to Fail,’ Says FDIC Chair
SVB and Signature Were ‘Allowed to Fail,’ Says FDIC Chair
March 27, 2023  |  Banking

America’s banking regulator is investigating the recent collapse of two lenders. Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), says his agency is...

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IPO Fundraising Falls 70% Amid Banking Crisis
IPO Fundraising Falls 70% Amid Banking Crisis
March 26, 2023  |  IPO

The global market for initial public offerings continues to struggle amid banking sector upheaval. That’s according to data published Sunday (March 26) by Bloomberg News,...

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Startups Fear Existential Threat Following Silicon Valley Bank Collapse
Startups Fear Existential Threat Following Silicon Valley Bank Collapse
March 26, 2023  |  Startups

Startups are worried that the Silicon Valley Bank collapse could bring about their own. That’s according to a report Saturday (March 25) by the Financial...

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EU Lawmakers Say US Ignoring ‘Message of 2008’
EU Lawmakers Say US Ignoring ‘Message of 2008’
March 23, 2023  |  Banking

Lawmakers in Europe are blaming U.S. regulators for failing to stop this month’s banking crisis. That’s according to a Thursday (March 23) report by CNBC,...

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Rise of SVB-Driven Fraud Shows How Fast Criminals Move
Rise of SVB-Driven Fraud Shows How Fast Criminals Move
March 23, 2023  |  Cybersecurity

For criminals, big news creates big opportunities. And businesses beware — the recent collapses of Silicon Valley Bank (SVB) and Signature Bank offers cybercriminals a perfect cocktail of urgency,...

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PSCU CEO Says Consumer Trust in Credit Unions Remains Resilient
PSCU CEO Says Consumer Trust in Credit Unions Remains Resilient
March 23, 2023  |  Credit Unions

Not too long ago, Main Street America did not know Silicon Valley Bank existed. But now they’ve watched a series of bank runs in real...

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Klarpay CEO Said Providers Must Confront Liquidity Management Challenges With Instant Payments Use
Klarpay CEO Said Providers Must Confront Liquidity Management Challenges With Instant Payments Use
March 23, 2023  |  Real-Time Payments

European real-time payments have seen historic growth in recent years. In fact, some European countries like the U.K., Sweden and Finland have even gone a...

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SVB Collapse Raises Knotty Questions About the Overseers and the Overlooked
SVB Collapse Raises Knotty Questions About the Overseers and the Overlooked
March 22, 2023  |  Legal & Regulation

Hindsight is always 20/20 — and, in the rearview mirror, the Silicon Valley Bank collapse was obvious to see. Big bank. Dominant player/big fish in...

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Lawmakers Add Treasury Witness to Hearing on SVB, Signature Failures
Lawmakers Add Treasury Witness to Hearing on SVB, Signature Failures
March 21, 2023  |  Banking

The House Financial Services Committee wants to hear banking regulators’ view on the banking crisis. Top federal banking regulators are scheduled to testify before the...

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