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
Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraudIt appeared to be the first of many likely lawsuits over the demise of Silicon Valley Bank, which US regulators seized on March 10 followin...
14 Mar, 2023, 12.41 AM 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
Silicon Valley Bank collapse: More than 400 VC funds issue statement supporting SVBThe venture capital firms that co-signed the statement include Accel, Y Combinator, Sequoia Capital, General Catalyst and Matrix Partners, ...
13 Mar, 2023, 12.23 PM 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
Nearly 60 YC-backed Indian startups have deposits stuck in Silicon Valley BankThese particularly include startups backed by the famed Silicon Valley accelerator Y Combinator (YC). At least 40 YC-backed Indian startups...
12 Mar, 2023, 12.15 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
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
SVB failure: Things to know about Silicon Valley Bank crisisSVB has business with nearly half of all the US venturebacked startups, and 44% of the US venture-backed technology, healthcare firms that ...
11 Mar, 2023, 10.48 AM IST
How Silicon Valley Bank served the tech industry and beyondAs the world starts to assess the fallout of the biggest bank collapse since the 2008 financial crisis, here are the various ways the bank ...
11 Mar, 2023, 09.34 AM IST
What caused Silicon Valley Bank's failure?SVB announced on Thursday it would sell $2.25 billion in common equity and preferred convertible stock to fill its funding hole. Its shares...
11 Mar, 2023, 08.41 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
ETtech Explainer: how rising US interest rates caused a pincer movement on Silicon Valley BankWhat happened at SVB has its genesis in the rising interest rates, and while the bank would have been able to bear a single shock, it was s...
10 Mar, 2023, 09.36 PM IST
Explainer: What is the Silicon Valley Bank crisis all about? Does D-Street need to worryBear rampage saw the stock nosedive 60% in trade on Thursday and wiped out over $80 billion of its market value.Not only the shares, but ev...
10 Mar, 2023, 03.11 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