PYMNTS-MonitorEdge-May-2024

silicon valley bank

House Financial Services Chair to Probe ‘Supervisory Failures’ at SVB
House Financial Services Chair to Probe ‘Supervisory Failures’ at SVB
March 14, 2023  |  Banking

A top House Republican says Americans should be confident in the country’s financial system in spite of recent banking failures. “The Fed is doing what...

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Report: Big Banks See Uptick in Deposits After SVB Collapse
Report: Big Banks See Uptick in Deposits After SVB Collapse
March 14, 2023  |  Banking

Silicon Valley Bank’s downfall has reportedly brought more business to America’s larger lenders. Following last week’s failure of Silicon Valley Bank (SVB) — bookended by...

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DCG Seeks Bankers for Portfolio Firms Among Major Lenders
DCG Seeks Bankers for Portfolio Firms Among Major Lenders
March 14, 2023  |  Banking

Digital Currency Group (DCG) is reportedly looking for new bankers for its portfolio companies following three high-profile bank failures. The cryptocurrency company has found through...

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Report: VC Firms Team Up to Restore SVB
Report: VC Firms Team Up to Restore SVB
March 14, 2023  |  Banking

A group of venture capital firms is reportedly working to reclaim parts of Silicon Valley Bank. Companies in talks to preserve the failed bank —...

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Ingo Money CEO on SVB’s Collapse and the Importance of Avoiding Single Points of Failure 
Ingo Money CEO on SVB’s Collapse and the Importance of Avoiding Single Points of Failure 
March 14, 2023  |  Digital-First Banking

A lot of money is moving this week, but not in a good way. In the five days since last Wednesday (March 8), three US...

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Can HSBC Preserve SVB’s Innovation Culture Post UK Unit Acquisition?
Can HSBC Preserve SVB’s Innovation Culture Post UK Unit Acquisition?
March 14, 2023  |  Banking

The world woke up on Monday (March 13) to news that British multinational banking giant HSBC is purchasing Silicon Valley Bank (SVB) UK, the U.K....

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FDIC Plans to Try Again to Sell Silicon Valley Bank
FDIC Plans to Try Again to Sell Silicon Valley Bank
March 13, 2023  |  Banking

Silicon Valley Bank may be coming up for sale again. After failing to find a buyer for the failed bank in a Sunday (March 12)...

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Silicon Valley Bank Depositors Begin Accessing Funds From ‘Bridge Bank’
Silicon Valley Bank Depositors Begin Accessing Funds From ‘Bridge Bank’
March 13, 2023  |  Banking

Customers of Silicon Valley Bank started accessing their funds Monday from a new “bridge bank.” They encountered on-again, off-again connections with the bank’s portal but...

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Class-Action Lawsuit Alleges Silicon Valley Bank Didn’t Disclose Risk
Class-Action Lawsuit Alleges Silicon Valley Bank Didn’t Disclose Risk
March 13, 2023  |  Banking

A lawsuit alleges that Silicon Valley Bank’s parent company did not disclose risk to investors. The class-action complaint alleges that because of failure to disclose...

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