Silicon Valley Bank Updates

The latest coverage and analysis from PYMNTS following the dramatic collapse of Silicon Valley Bank (SVB).

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SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
September 28, 2023  |  Bank Regulation

When Silicon Valley Bank (SVB) failed this spring, it shocked the market.  But while those economic and banking sector wobbles have since largely abated, the third-largest...

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SVB Capital Could Sell for $500 Million; Scaramucci Among Bidders
SVB Capital Could Sell for $500 Million; Scaramucci Among Bidders
September 17, 2023  |  Banking

Silicon Valley Bank’s former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall Street Journal (WSJ) reported Friday...

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FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
August 29, 2023  |  Debt

In the spring, two formerly obscure acronyms, SVB and FDIC, became household names. That’s because after SVB (Silicon Valley Bank) collapsed due to a structurally weakened balance...

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SVB Appoints Former BofA and Amex Execs as Payments and Digital Solutions Heads
SVB Appoints Former BofA and Amex Execs as Payments and Digital Solutions Heads
August 22, 2023  |  Personnel

Silicon Valley Bank has named new heads of its payments and digital solutions divisions. The bank announced Tuesday (Aug. 22) that Martin Murrell had been named head of global...

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SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
August 15, 2023  |  Legal

Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a...

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Clearco’s Original Venture Backers Purchase $60 Million SVB Loan
Clearco’s Original Venture Backers Purchase $60 Million SVB Loan
August 04, 2023  |  Digital-First Banking

The original venture backers of Canadian eCommerce lender Clearco are reportedly buying a loan made to the company by Silicon Valley Bank (SVB). Inovia Capital and Founders Circle Capital, joined by...

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Will Higher Bank Capital Requirements Give FinTechs a Lending Edge?
Will Higher Bank Capital Requirements Give FinTechs a Lending Edge?
July 17, 2023  |  Banking

Higher capital requirements may have a negative ripple effect on banks — tightening the lending spigots even further. And the winners may be the FinTechs...

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Deposits, Consumers and Digital Channels in Focus as Bank Earnings Get Underway
Deposits, Consumers and Digital Channels in Focus as Bank Earnings Get Underway
July 12, 2023  |  Earnings

It’s the middle of July, almost. And thus: Earnings season begins in earnest. As usual, a slew of big banks will kick things off, beginning...

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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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