First Citizens Bank to acquire SVB's deposits, loans from FDICThe depositors of Silicon Valley Bridge Bank, National Association, will automatically become depositors of First–Citizens Bank & Trust Com...
27 Mar, 2023, 07.53 PM IST
U.S. regulator taps Piper Sandler in new bid to sell Silicon Valley BankThe development shows how the FDIC is preparing a concerted effort to sell Silicon Valley Bank after regulators took it over last Friday an...
15 Mar, 2023, 11.19 PM IST
SVB Financial Group mulls strategic alternativesThe move comes after Californian regulators shuttered the bank following a failed share sale that drained $42 billion in deposits in a sing...
13 Mar, 2023, 06.34 PM IST
SVB Financial mulls strategic optionsSVB Capital and SVB Securities are separate divisions of SVB Financial and not part of Silicon Valley Bank, which is undergoing resolution ...
13 Mar, 2023, 06.09 PM IST
JPMorgan, PNC among suitors for SVB Financial, reports sayJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would e...
13 Mar, 2023, 12.16 PM IST
US marshalling 'material action' to stem SVB fallout: reportDetails of the announcement expected on Sunday were not immediately available, but one of the sources said the Federal Reserve could take a...
13 Mar, 2023, 12.11 AM IST
Nazara Tech says subsidiaries hold cash worth Rs 64 crore in SVBThe Mumbai-based company adds it has funds of over Rs 600 crore, excluding that held in the US bank.
12 Mar, 2023, 10.46 PM IST
Silicon Valley Bank staff offered 45 days of work at 1.5 times payWorkers will be enrolled and given information about benefits over the weekend by the FDIC, and healthcare details will be provided by the ...
12 Mar, 2023, 02.56 PM IST
Collapse of Silicon Valley Bank to impact Indian startup ecosystem, feel expertsOver the past several years, SVB has been one of the most preferred choices of banking for startups and tech industry in Silicon Valley, ma...
12 Mar, 2023, 01.35 PM IST
SVB's investment banking arm explores buying lender back: ReportSVB Securities Chief Executive Officer Jeff Leerink and his team are seeking help to finance a potential management buyout of the business,...
12 Mar, 2023, 08.08 AM IST
Silicon Valley Bank staff offered 45 days of work at 1.5 times salary by FDICWorkers will be enrolled and given information about benefits over the weekend by the FDIC, and healthcare details will be provided by the ...
11 Mar, 2023, 09.19 PM IST
Elon Musk says he is open to buying collapsed Silicon Valley BankUS regulators on Friday shut down SVB and took control of its customer deposits in the largest failure of an American bank since 2008.
11 Mar, 2023, 04.35 PM IST
Top VCs in a huddle to discuss Silicon Valley Bank collapse, vow to be 'supportive'Tweeting the statement, Hemant Taneja, CEO, General Catalyst, said: "Several VC leaders met today to discuss the aftermath of SVB's downfal...
11 Mar, 2023, 11.08 AM IST
Regulators to dispose of SVB's assets to protect depositorsThe main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their i...
11 Mar, 2023, 10.24 AM IST
Silicon Valley Bank is largest failure since 2008 crisis, billions strandedThe main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their i...
11 Mar, 2023, 09.34 AM IST
Silicon Valley Bank shut down by regulator as depositors pull cashSilicon Valley Bank had about $209 billion in total assets and about $175.4 billion in total deposits, as of Dec. 31, 2022.
10 Mar, 2023, 11.13 PM IST
Banking regulators close SVB, move quickly to avert crisisFederal Deposit Insurance Corporation was appointed as receiver
10 Mar, 2023, 10.38 PM IST