Showing results for "#Silicon Valley Bank"
Biden seeks to show stability in bid to avert banking chaos
Biden argued that without the far-reaching 2010 banking overhaul known as Dodd-Frank, financial institutions would continue to gamble with consumers’...
HSBC acquires Silicon Valley Bank UK
In a statement, HSBC says the transaction "completes immediately". The acquisition will be funded from existing resources, the Guardian reported.
US bails out SVB customers as second bank fails
In a related action, the government shut down Signature Bank, a regional bank that was teetering on the brink of collapse in recent days, CNN...
Silicon Valley Bank depositors will have access to money from Monday
After receiving recommendations from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, and consulting with the...
SVB bankruptcy created 'major crisis' in tech industry: Israel's PM
Silicon Valley Bank is the first FDIC-insured institution to fail this year. The last FDIC-insured institution to close was Almena State Bank, Almena,...
Greg Becker sold $3.5 mn in shares just two weeks before collapse
That same day, the bank's third-in-command CFO Daniel Beck sold $575,180 in stocks, Newsweek reported. Silicon Valley Bank, the once leading tech...
SVB chief pressed US lawmakers to weaken bank risk scrutiny
The bank reportedly did not have a chief risk officer in the months leading up to the collapse, while more than 90 per cent of its deposits were not...
Silicon Valley Bank collapse leaves Indian startups worried
According to recent data by global software-as-a-service (SaaS)-based market intelligence platform Tracxn, SVB had exposure in at least 21 startups in...