PYMNTS-MonitorEdge-May-2024

silicon valley bank

Report: Big Banks’ Deposit Surge Following SVB Collapse Has Slowed
Report: Big Banks’ Deposit Surge Following SVB Collapse Has Slowed
March 27, 2023  |  Banking

A wave of deposits into big banks following the regional banking crisis has reportedly slowed. After Silicon Valley Bank (SVB) failed earlier this month, unease...

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ClearBank Says Inflows Jumped 20% During SVB Crisis
ClearBank Says Inflows Jumped 20% During SVB Crisis
March 27, 2023  |  Banking

Silicon Valley Bank’s loss is apparently U.K. embedded banking firm ClearBank’s gain. The company’s CEO said customer flows into its platform rose by 20% during...

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First Citizens Snaps Up Big Chunk of SVB
First Citizens Snaps Up Big Chunk of SVB
March 27, 2023  |  News

Seventeen days after its collapse, Silicon Valley Bank has a new owner. First Citizens Bank, a North Carolina lender with a long history of purchasing...

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Ahead of Hill’s Banking Hearing, Former Treasury Official Says It’s Time to Stop Talking Bailouts
Ahead of Hill’s Banking Hearing, Former Treasury Official Says It’s Time to Stop Talking Bailouts
March 27, 2023  |  Banking

If there is one thing that QED Partner Amias Gerety says needs to happen right away, it’s to stop using the world bailout to describe...

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IPO Fundraising Falls 70% Amid Banking Crisis
IPO Fundraising Falls 70% Amid Banking Crisis
March 26, 2023  |  IPO

The global market for initial public offerings continues to struggle amid banking sector upheaval. That’s according to data published Sunday (March 26) by Bloomberg News,...

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Startups Fear Existential Threat Following Silicon Valley Bank Collapse
Startups Fear Existential Threat Following Silicon Valley Bank Collapse
March 26, 2023  |  Startups

Startups are worried that the Silicon Valley Bank collapse could bring about their own. That’s according to a report Saturday (March 25) by the Financial...

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First Citizens and Valley National Reportedly Competing for SVB Assets
First Citizens and Valley National Reportedly Competing for SVB Assets
March 26, 2023  |  Banking

Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the...

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Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
March 24, 2023  |  Acquisitions

Customers Bancorp is reportedly working to put together an offer for Silicon Valley Bank. The Pennsylvania-based bank is exploring such a deal and seeking potential...

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EU Lawmakers Say US Ignoring ‘Message of 2008’
EU Lawmakers Say US Ignoring ‘Message of 2008’
March 23, 2023  |  Banking

Lawmakers in Europe are blaming U.S. regulators for failing to stop this month’s banking crisis. That’s according to a Thursday (March 23) report by CNBC,...

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