SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. The company, which owned the failed Silicon Valley Bank, hopes to recover $2 billion in deposits held in receivership by the Federal Deposit Insurance Corp. (FDIC). But according to bankruptcy court...
July 25, 2023
Regional lenders Banc of California and PacWest Bancorp are reportedly in advanced negotiations to combine. A deal could be announced as soon as Tuesday (July 25), when both banks are scheduled to report their results, The Wall Street Journal (WSJ) reported Tuesday, citing unnamed sources. Banc of California and PacWest Bancorp did not immediately reply to PYMNTS’ request for comment. A […]
May 04, 2023
SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. The company, which owned the failed Silicon Valley Bank, hopes to recover $2 billion in...
