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Venture Debt Financing: Unraveling Misconceptions And Highlighting Critical Differences Between Early And Late-Stage Lending
Thursday, September 21, 2023 - 12:21pm | 631The recent banking turbulence that began with the collapse of Silicon Valley Bank (SVB) – what many considered the preeminent commercial bank lender for startups – has brought to light several misconceptions surrounding the difference between early-stage and late-stage venture debt....
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'Shark Tank' Fame Kevin O'Leary On Fed Rate Hikes Spurring Regional Bank Failures: 'Things Are Going To Break'
Friday, July 28, 2023 - 12:31am | 394Renowned “Shark Tank” investor Kevin O’Leary has expressed concerns that the current cycle of U.S. Federal Reserve rate hikes could lead to an increase in regional U.S. bank failures, CNBC reports. Fed’s Rate Hike Cycle: O’Leary, who heads his own early-stage venture...
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'Mistakenly Released' FDIC Document Shows Big Venture Capital Firm Got Backstopped A Hefty Amount In SVB Collapse
Friday, June 23, 2023 - 11:18am | 584The aftermath of the Silicon Valley Bank (SVB) collapse has been anything but peaceful for startups, tech companies and regulatory bodies alike. The swift downfall of SVB, which went from solvent to insolvent within a span of two days in March, sent ripples across the banking and tech sectors....
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OPINION: Ed Perlmutter On Cannabis Banking In The Time Of SVB
Friday, May 19, 2023 - 3:50pm | 1161By Sahar Ayinehsazian, Hon. Ed Perlmutter and J. Devoy Dubuque Prior to its sudden shutdown, Silicon Valley Bank had a reputation for serving start-ups and entrepreneurs. Amongst its lesser-known clientele were cannabis-related businesses, which have long struggled with access to depository and...
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Former SVB Chief Blames Fed, Media Hype For Bank's Devastating Collapse
Tuesday, May 16, 2023 - 6:09am | 392Greg Becker, the former CEO of SVB Financial Group, the parent company of Silicon Valley Bank, attributed the bank’s collapse to a combination of factors, including rapid rate hikes by the Federal Reserve and negative sentiment amplified by social media. ...
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FDIC Proposes Large Banks Fork Out $15.8B For Clean-Up Of SVB, Signature Bank
Thursday, May 11, 2023 - 11:38pm | 434The Federal Deposit Insurance Corporation said on Thursday that of the total cost of the failures of Silicon Valley Bank and Signature Bank, approximately $15.8 billion was attributable to the protection of uninsured depositors. FDIC stated that banking organizations with total assets over $50...
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Is SVB the "Safest Bank on the Planet" After FDIC Guarantees 100% Backing Of All Deposits
Monday, April 10, 2023 - 2:42pm | 1036Silicon Valley Bank’s (SVB) unanticipated collapse sent shockwaves across the global banking sector and created market panic. Benchmark S&P 500 and Dow Jones Industrial Average indexes recorded their worst performance since June last year as the 16th-largest bank in the U.S. crumbled....
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First Citizens Purchases Silicon Valley Bank
Monday, March 27, 2023 - 1:48am | 258First Citizens BancShares Inc (NASDAQ: FCNCA) agreed to purchase the troubled Silicon Valley Bank. What Happened: The Raleigh, North Carolina-based First Citizens agreed to a deal to purchase all deposits and loans of SVB, according to a statement issued by the bank. See Also: SVB Employee Who...
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WTF Is Going On With SVB?
Wednesday, March 22, 2023 - 6:27pm | 626It seems like everyone and their mother is talking about Banks nowadays. I’m sure Silicon Valley Bank (NASDAQ: SIVB) rings a bell? The whole situation has caused panic and fear within the banking industry: “Should I withdraw my money?” “Is there going to be...
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Silicon Valley Bank Collapse Golden Opportunity for Equity Crowdfunding Portals As Venture-Backed Startups Race for Liquidity
Tuesday, March 21, 2023 - 1:35pm | 1217SVB 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...
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Silicon Valley Bank Sounds The Recession Bell - Rate Cuts Are Coming – Bond Funds To Consider
Friday, March 17, 2023 - 9:49am | 693Silicon Valley Bank, a California-based lender that specialized in financing tech startups, recently collapsed after experiencing major losses related to bad loans. While investigations into the cause of the bank's failure are ongoing, some experts argue that it was due, at least in part, to a...
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The 2019 Playbook As Inflation Data Cools | Our Take On Bank Stocks & High-Quality SaaS
Friday, March 17, 2023 - 9:29am | 658We provide free access to the episode's chart pack, including all the data discussed. Blue Line Capital president Bill Baruch and analyst Jannis Meindl break down the latest fallout from Silicon Valley Bank and regional banks writ large. While most investors were focused on banking stress, we...
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Aftershock Life After Silicon Valley Bank
Thursday, March 16, 2023 - 1:51pm | 1994By Michael Lebowitz While headlines of bank failures and bailouts consume the media, few are contemplating the economic and financial aftershocks that will follow. Hockey great Wayne Gretzky famously commented, “I skate to where the puck is going to be, not where it has been.” Let...
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Hard, Soft, Or No Landing Ahead?
Thursday, March 16, 2023 - 12:14pm | 1533Regional Bank Failures It’s been a volatile few weeks of trading in US equities, with the recent failure of Silicon Valley Bank and Signature Bank prompting sell-offs in the financial sector, followed by strong counter-trend rallies as these areas of the US stock market have become...
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SVB Parent Reveals Goldman Sachs Bought Its Bond Portfolio Before Regulators Stepped In
Tuesday, March 14, 2023 - 10:54pm | 536SVB Financial Group (NASDAQ:SIVB) said in a filing that Goldman Sachs Group Inc (NYSE:GS) had bought its bond portfolio prior to the commencement of the receivership for Silicon Valley Bank. The portfolio had a book value of about $23.97 billion, the filing indicated. "As previously disclosed and...