PYMNTS-MonitorEdge-May-2024

silicon valley bank

Silicon Valley Bank Cautiously Restarts Lending Operations
Silicon Valley Bank Cautiously Restarts Lending Operations
July 05, 2023  |  Banking

Silicon Valley Bank (SVB) has reportedly — and carefully — reentered the startup/venture lending business. As The Wall Street Journal (WSJ) reported Wednesday (July 5), the bank —...

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Silicon Valley Bank Depositors Cheer Cayman Islands Court Ruling
Silicon Valley Bank Depositors Cheer Cayman Islands Court Ruling
June 30, 2023  |  Legal

Silicon Valley Bank customers with accounts in the Cayman Islands may be getting their money back. A Cayman Islands court approved a petition Thursday (June...

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Yellen Predicts More Bank Mergers This Year
Yellen Predicts More Bank Mergers This Year
June 25, 2023  |  Banking

Rising interest rates and a recent banking crisis could lead more lenders to merge this year. That’s according to U.S. Treasury Secretary Janet Yellen, who...

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Report: Tech Giants Were Among Uninsured Depositors Covered by FDIC
Report: Tech Giants Were Among Uninsured Depositors Covered by FDIC
June 23, 2023  |  Big Tech

The Federal Deposit Insurance Corporation’s guarantee of uninsured accounts at Silicon Valley Bank reportedly included companies that would have been in no real danger. While President Joe Biden...

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SVB Customers in Asia Still Stuck With Outstanding Loans
SVB Customers in Asia Still Stuck With Outstanding Loans
June 19, 2023  |  Banking

Silicon Valley Bank customers in Asia are reportedly facing dual headaches following the lender’s collapse. These customers had their deposits seized by the Federal Deposit...

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Original SVB Securities Team Plans to Buy It Back, Excludes MoffettNathanson
Original SVB Securities Team Plans to Buy It Back, Excludes MoffettNathanson
June 18, 2023  |  Banking

A management team bidder group plans to acquire SVB Securities from SVB Financial Group. The bidder group is led by SVB Securities CEO Jeff Leerink and backed by The Baupost...

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FDIC Readies Sale of SVB’s $460 Million German Business
FDIC Readies Sale of SVB’s $460 Million German Business
June 16, 2023  |  Banking

Beginning next week, bidders will get the chance to purchase Silicon Valley Bank’s German business. The Federal Deposit Insurance Corp. (FDIC) is set to open a data...

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Fed and SEC Probe Goldman Sachs’ Actions in SVB’s Last Days
Fed and SEC Probe Goldman Sachs’ Actions in SVB’s Last Days
June 15, 2023  |  Banking

Federal officials are reportedly probing Goldman Sachs’ involvement in the final days of Silicon Valley Bank. A report by The Wall Street Journal (WSJ) Thursday...

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HSBC Innovation Banking Debuts in UK
HSBC Innovation Banking Debuts in UK
June 12, 2023  |  Banking

British banking giant HSBC has officially launched a revamped version of Silicon Valley Bank UK. After weeks of teasing an innovation-focused version of SVB UK...

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