On March 10, 2023, Silicon Valley Bank (SVB) failed after a bank run, marking the third-largest bank failure in United States history and the largest since the 2007–2008 financial crisis. [1][2] It was one of three bank failures, along with Silvergate Bank and Signature Bank, in March 2023 in the United States.

Mar 31, 2025 · Silicon Valley Bank (SVB) was a subsidiary of Silicon Valley Bank Financial Group (SVBFG), a bank holding company, financial holding company, and financial services company. Silicon Valley...

Silicon Valley Bank (SVB) is a commercial bank division of First Citizens BancShares. The bank was previously the primary subsidiary of SVB Financial Group, a publicly traded bank holding company that had offices in 15 U.S. states and over a dozen international jurisdictions. [7] [8] [9]

SVB Financial Group (SVB or SVBFG) is a financial services holding company headquartered in New York City. [2] The company's main business unit was the commercial bank Silicon Valley Bank , until the bank failed in March 2023 after a bank run .

Jan 11, 2025 · The “Plundering” of SVB Through a Bank to Parent Dividend. In 2020 SVB stopped paying a dividend to its parent company SVBFG. The FDIC alleges that as late as of March 2022 the plan was for SVB to SVBFG dividends to “remain suspended through FY2023.”

Jan 17, 2025 · Federal officials called the dividend payment a “grossly impudent” move that “deprived SVB of essential capital and liquidity, for the sole benefit of SVBFG and its shareholders.” Among the executives named in the lawsuit, filed Thursday in federal district court in San Francisco, are former CEO Gregory Becker , former CFO Daniel Beck ...

Jan 17, 2025 · The lawsuit, filed Thursday in a U.S. district court in California, seeks to recover billions of dollars in damages caused by SVB’s former leadership team. The defendants allegedly failed to manage interest rate and liquidity risks during the two years before the bank’s collapse.

Dec 17, 2024 · The FDIC Board of Directors is today considering a request for authority to sue six former officers and eleven former directors of Silicon Valley Bank (SVB or Bank).

Aug 3, 2024 · SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge's permission on Friday to turn over its assets to creditors and end its bankruptcy.

Aug 5, 2024 · A federal judge signed off on the bankruptcy of the former owner of the failed Silicon Valley Bank, SVB Financial Group.