SVB UK handed out over 15 million pounds in bonuses days after HSBC rescue: Sky NewsPayouts to staff including senior executives were signed off by HSBC earlier in the week, the report said, adding that the bonuses would no...
18 Mar, 2023, 05.12 PM IST
Apollo, Blackstone and KKR eye Silicon Valley Bank assetsLast week, Californian regulators shut down tech lender SVB after a failed share sale that saw $42 billion of deposit outflows in a day and...
14 Mar, 2023, 07.26 PM IST
Startups hoping for quick resolution of SVB crisis post FDIC intervention"FDIC's communication yesterday saying all depositors will get access to their funds is a relief to the startup community," said Prabhu Ram...
13 Mar, 2023, 05.30 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
How is the Fed maneuvering the second largest banking failure in the USUS lenders were recently sent into a tailspin after SVB Financial Group, which specialises in venture-capital financing, announced a stock ...
13 Mar, 2023, 11.23 AM IST
How officials, investors and funds are tackling the SVB collapseSVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise...
13 Mar, 2023, 09.24 AM IST
Dollar slides as U.S. intervenes on SVB collapseThe SVB collapse led investors to speculate that the Fed would now be reluctant to rock the boat by hiking interest rates by a super-sized ...
13 Mar, 2023, 07.42 AM 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
From Shanghai to Mumbai, tech chiefs race to contain Silicon Valley Bank falloutIn the past days, the region’s tech luminaries and family offices have watched with a mix of fear and fascination at the meltdown that engu...
12 Mar, 2023, 02.23 PM IST
Silicon Valley Bank collapse: top developments so farSilicon Valley Bank (SVB) — a prominent tech-focused bank managing funds of close to about 40% of US startups — was shut down by a Californ...
12 Mar, 2023, 11.21 AM 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
Bank of London weighs rescue bid for Silicon Valley Bank's UK arm: Sky NewsThe news of the British bank's bid interest comes a day after the Bank of England said it was seeking a court order to place SVB UK into an...
11 Mar, 2023, 06.40 PM IST
Silicon Valley Bank's demise began with downgrade threat -sourcesSVB then worked on a plan over the weekend to boost the value of its holdings. It would sell more than $20 billion worth of low-yielding bo...
11 Mar, 2023, 04.54 PM IST
US government shuts Silicon Valley Bank; Indian SaaS firms mull options to transfer depositsAs the Silicon Valley Bank (SVB) shut operations, venture capital funds checked in with homegrown startups, especially those headquartered ...
11 Mar, 2023, 09.56 AM IST
Banking regulators close SVB, move quickly to avert crisisFederal Deposit Insurance Corporation was appointed as receiver
10 Mar, 2023, 10.38 PM IST
SVB crisis: Peter Thiel’s Founders Fund advises companies to withdraw money from the bankThe turmoil followed a surprise announcement from the Santa Clara, California-based SVB that it was issuing $2.25 billion of shares to bols...
10 Mar, 2023, 09.23 PM IST
Silicon Valley Bank crisis: Investor Bill Ackman bats for 'highly dilutive' bailout of bankBill Ackman said that the US government can also guarantee deposits in exchange for a dilutive warrant issuance and other covenants and pro...
10 Mar, 2023, 01.55 PM IST