Silicon Valley Bank Updates

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

Silicon Valley Bank Updates

Veteran Bank Buyer First Citizens Reportedly Wants Silicon Valley Bank

Veteran Bank Buyer First Citizens Reportedly Wants Silicon Valley Bank
Veteran Bank Buyer First Citizens Reportedly Wants Silicon Valley Bank
March 20, 2023  |  Banking

First Citizens Bank reportedly aims to buy Silicon Valley Bank. The company — which has bought 20 failed banks over the last 14 years —...

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Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank
Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank
March 20, 2023  |  Cryptocurrency

One of the crypto sector’s favorite banks, Signature, has a new home.  As of Monday (March 20), the former crypto-friendly lender’s doors are open again...

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EU FinTechs Give EMI ‘Safeguarding’ Policy a Fresh Look Post SVB Collapse
EU FinTechs Give EMI ‘Safeguarding’ Policy a Fresh Look Post SVB Collapse
March 20, 2023  |  Banking

If there’s a lesson that FinTechs must learn from Silicon Valley Bank’s (SVB) collapse, it’s the need to diversify their banking partners to include electronic...

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Warren Buffett May Invest in Regional Banks
Warren Buffett May Invest in Regional Banks
March 19, 2023  |  Banking

The U.S. has reportedly turned to Warren Buffett once more for help in a financial crisis. The billionaire investor offered lifelines to Goldman Sachs in...

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Medium-Sized Banks Want More FDIC Protection
Medium-Sized Banks Want More FDIC Protection
March 19, 2023  |  Banking

America’s midsized banks want more federal protection to prevent runs on deposits. The Mid-Sized Bank Coalition (MSBC) has reportedly written to federal regulators asking that...

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Charles Schwab Customers Deposit $16.5 Billion During Banking Crisis
Charles Schwab Customers Deposit $16.5 Billion During Banking Crisis
March 19, 2023  |  Investments

Charles Schwab says it saw “strong inflows” from clients amid this month’s banking crisis. Between March 10 and March 16, customers brought $16.5 billion in...

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Report: First Citizens Bank Could Buy SVB
Report: First Citizens Bank Could Buy SVB
March 19, 2023  |  Banking

First Citizens Bank is reportedly offering to purchase failed lender Silicon Valley Bank. According to a Sunday (March 19) Bloomberg News report, the North Carolina-based...

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House Looks to ‘Get to Bottom’ of Banking Collapses
House Looks to ‘Get to Bottom’ of Banking Collapses
March 19, 2023  |  Banking

The U.S. House Financial Services Committee is set to begin investigating two high-profile banking failures. Rep. Patrick McHenry, who chairs the committee, and Rep. Maxine...

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