Silicon Valley Bank

Employees at the now-defunct Silicon Valley Bank have gone through harrowing experiences in the wake of its collapse, and one recently recounted the mental trauma they went through the day the bank failed. Nervous Early Days: Communication from SVB’s management both to clients and the...

First Citizens BancShares (Nasdaq: FCNCA) and Valley National Bancorp (NASDAQ: VLY) have tabled separate bids for Silicon Valley Bank, Bloomberg has reported, citing people familiar with the matter. For the last two weeks, the Federal Deposit Insurance Corporation (FDIC) has been trying...

With marijuana being classified as a Schedule I drug under federal law, state-licensed cannabis businesses are cut off from accessing capital financial institutions such as banks. This leads to the question of how economic storms like the one caused by the recent failure of Silicon Valley Bank, a...

Gerber Kawasaki CEO Ross Gerber believes the U.S. economy is decelerating rapidly and the Federal Reserve is making it worse. "The actual economy is decelerating quite rapidly here in the United States and the Fed's actions have had the intended consequence. There just needs to be a certain...

Citizens Financial Group Inc (NYSE:CFG) is reportedly constructing a bid to purchase the private banking business of Silicon Valley Bank, which collapsed earlier this month. Citizens, one of the largest U.S. regional banks, is working to submit an offer in the auction of the business, which is...

Satori Fund founder and portfolio manager Dan Niles shorted several banks ahead of the collapse. Now he's looking to squeeze profits out of a pair of tech names. What To Know: Among several other names, Satori was short SVB Financial Group (NASDAQ: SIVB) before a bank...

Growing concerns about the safety of bank deposits have prompted investors to approach community and regional banks with caution. Recent events, such as the collapse of Signature Bank and SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank have raised questions about...

SVB Financial Group subsidiary Silicon Valley Bank was the 16th-largest bank in the U.S. and was often referred to as the “financial partner of the innovation economy.”  But in an unexpected turn of events, shares of SVB Financial fell nearly 60% after the bank announced its plans...

First Republic Bank (NYSE: FRC) opened about 30% higher on Tuesday, near the middle of Monday’s trading range. The stock has been wildly volatile recently amid uncertainty over whether the bank will survive the crisis of net deposit outflows that caused the recent failure of SVB Financial...

As global banks face turmoil, Bitcoin (CRYPTO: BTC) has been experiencing an astonishing rally and its proponents are already looking ahead to the coin's next significant milestone of $30,000.  Since March 8, when problems first surfaced around SVB Financial Group's (NASDAQ:...

The Federal Open Market Committee, the monetary policy-setting arm of the central bank, is scheduled to kickstart a two-day meeting on Tuesday. Ahead of the meeting, Pershing Square’s Bill Ackman chimed in on what the Fed should be doing in the wake of the recent adverse developments....

The risk mood on Wall Street recovered Monday, with major equity indices posting gains. Some of the positive sentiment is attributable to the coordinated action announced by five of the world’s biggest central banks to ease liquidity strains.  Cues From Past Week’s Trading:...

Following the California Department of Financial Protection and Innovation's shutdown of Silicon Valley Bank earlier this month, startups remain uneasy about their future. Likewise, the non-fungible token (NFT) space is struggling to make sense of the banking crisis....

Silicon Valley Bank's U.K. subsidiary reportedly handed over $18 million in bonuses days after HSBC Holdings Plc (NYSE: HSBC) was roped in as part of a rescue deal to save the institution from insolvency.  Payouts to staff, which included senior executives, were given...

As the banking crisis in the U.S. unfolded, triggered fears of contagion, and forced the government to stepped in, many on Wall Street were vocal with their opinions. Warren Buffett, one of the biggest all-time investors, however, appeared absent from the conversation.  Now, it...