SVB News

Silicon Valley Bank was one of the three US banks that collapsed in early 2023 after US Federal Reserve started to increase key benchmark rates. The government did not lose time and came to depositors' rescue, assuring safety of their money. SVB was known to be the bank for startups that needed funds at cheaper costs at faster pace. Get the latest SVB news, videos and opinions here.  

Industry

Huw van Steenis suggests how digital bank runs can be prevented

The former adviser to the Bank of England thinks slowing the shift to digital currencies will help

5 min read8 Jun 2023
From:
News

Silicon Valley Bank to cut 3% of its workforce, target ‘select’ corporate positions

Silicon Valley Bank's collapse can be attributed to its unpreparedness for the interest rate hike initiated by the Federal Reserve earlier in 2023.

1 min read25 May 2023
News

Former SVB CEO Greg Becker to Apologize for Bank Collapse

Becker in prepared congressional testimony says no bank could have survived the run of velocity and magnitude experienced by bank

3 min read16 May 2023
From:
News

Blackstone, PNC, Apollo among 20 firms that made bids on SVB. Check full list

At least 20 companies including units of Blackstone Inc., PNC Financial Services Group Inc. and Apollo Global Management Inc. were involved in bids for parts of Silicon Valley Bank after it collapsed.

2 min read11 May 2023
Industry

Fed Says It Failed to Act on Problems That Led to Silicon Valley Bank Collapse

Top bank regulator calls for revamping a range of rules for midsize banks

6 min read30 Apr 2023
From:
Industry

The Surprising Risk That Turbocharged a $142 Billion Bank Run

The biggest dangers of any business are the ones that companies fail to imagine and don’t know they should fear

5 min read28 Apr 2023
From:
Industry

Regulators to Publish Postmortems on Silicon Valley Bank, Signature Failures

Reports are expected to include recommendations for stricter regulation of regional banks

3 min read28 Apr 2023
From:
Markets

First Republic Bank: US officials lead urgent rescue talks; US banking crisis

First Republic Bank: It is unclear whether the US government is considering participating in a private-sector rescue

2 min read28 Apr 2023
Industry

Few Banks Are Hedging Interest-Rate Risk

A recent paper focuses on how banks handle rising rates

3 min read18 Apr 2023
From:
News

Banking crisis has increased the odds of a recession, says JPMorgan's Jamie Dimon

Dimon, 67, has run JPMorgan since 2005, and is the only CEO from the 2008 financial crisis still in charge of a big bank

1 min read7 Apr 2023
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