silicon valley bank

Regulators shut down Silicon Valley Bank on Friday, marking the biggest bank failure since the 2008 recession and sending shockwaves across the tech world.  The Federal Insurance Corporation (FDIC) created a National Bank of Santa…

One of the largest banks in the US has spectacularly collapsed after it faced a bank run with customers scrambling to withdraw their cash. Silicon Valley Bank (SVB), based near San Jose, closed its doors on Friday after the California state…

A California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver, according to the agency's statement.Silicon Valley Bank had about $209 billion in total assets and about $175.4…

The crisis at Silicon Valley Bank (SVB) in the US has rattled some Indian investors and founders running SaaS companies with accounts at the lender. As the bank's stock lost over 60% of its value on Thursday, venture capital funds checked…

SVB Financial Group scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.The lender…

Silicon Valley Bank — a prominent bank among US tech startups and investors — has raised fears of insolvency after it announced the issuance of shares to shore up its capital position to offset $1.8-billion of losses from its investments.…

It was a bad day for the banking industry Thursday. The benchmark KBW Bank Index tumbled as much as 8.1% in its biggest one-day decline since June 2020. The biggest loser in that index was SVB Financial Group, the parent of Silicon Valley…

Amid growing concerns about Silicon Valley Bank's financial stability, US billionaire investor Bill Ackman said that the US government should consider a "highly dilutive" bailout for the lender.Founder and CEO of hedge fund Pershing Square…

A slew of developments coming together, starting with the Silicon Valley Bank (SVB) Financial Group announcing steps to shore up capital after suffering losses on its securities portfolio, has sent ripples across the tech investment…

Silicon Valley Bank's State of the US Wine Industry 2023 highlights a need for the industry to ... attract customers under the age of 60.getty Crystal Cameron-Schaad runs Crystal Palate Wine & Gourmet in Norfolk, Virginia. Her business…