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‘Chasing yield’ was an inside joke at SVB—until it led to the bank’s collapse
In other words, their investment went bad, and they needed more money to operate. There were other conditions and mistakes that made SVB’s collapse possible. The lack of proper regulatory ...
Banking Dive4d
Warren slams Fed over accountability on SVB execs
On the second anniversary of the bank’s failure, the senator chastised the central bank for failing to complete rulemakings ...
Business Insider1y
I'm an SVB employee who lost more than $1 million. Here's the inside story of our struggle to survive.
Once they knew their money was safe again, other folks changed their tune. I wouldn't even say that they were rallying for SVB. It was for an institution like SVB to exist, for the sake of the ...
Who Owns Silicon Valley Bank Brand After Collapse? Keker Suit Aims to Find Out
This action was surfaced by Law.com Radar, which delivers real-time alerting on new litigation across more than 2,600 state ...
U.S. News & World Report2y
What Investors Should Know About Silicon Valley Bank's Failure
On Friday, March 10, Silicon Valley Bank, a subsidiary of SVB Financial Group (ticker: SIVB), failed. It marked the end of a rapid descent for the tech-focused commercial lender, which in 48 hours ...
Business Insider1y
Wall Street's sharks are circling
Bankers across the country had to make quick decisions about how to put that money to work. Some banks, like Silicon Valley Bank, put virtually all their money in high-yielding but still ...
Palo Alto Weekly1y
When regulators took over Silicon Valley Bank, startups scrambled to make payroll
When Punit Singh Soni founded Suki in 2017, Silicon Valley Bank seemed like the natural place to put his company’s money. Many other tech companies were clients, and the bank was viewed in many ...
THE WEEK2y
Small banks vs. big banks: Where should you put your money?
Similarly, Fortune reported that Bank of America "brought in more than $15 billion in deposits as SVB sunk," which reportedly "came from fearful customers moving their money." Why this dash to the ...
Forbes12d
If A Bank Closes, What Happens To My Money?
What happens to your money, and where do you go next? Though bank failures have been less common in recent years, 2023 has seen a few dominate the news cycle. Silicon Valley Bank (SVB), Signature ...
Reuters11d
Silicon Valley Bank's former parent sues to reclaim tarnished brand
March 5 (Reuters) - The North Carolina lender that bought much of Silicon Valley Bank following its March 2023 seizure was sued for trademark infringement on Wednesday by the collapsed bank's ...