Here you will find all the articles with the tag: Silicon Valley Bank.
First Citizens Bank will acquire the Silicon Valley Bank and get control of $56 billion in deposits and $72 billion in loans. This week the US's Federal Deposit Insurance Corporation (FDIC) announced that First-Citizens Bank and Trust Co. will buy Silicon Valley Bank, the tech industry-focused ... Read more
1 year ago
The company operated Silicon Valley Bank until financial regulators closed the latter company last Friday. Clients’ deposits were moved to a new entity on Monday. The new entity, Silicon Valley Bridge Bank, is operated by the Federal Deposit Insurance Corporation. SVB Financial Group continu... Read more
1 year ago
The crisis surrounding the Silicon Valley Bank (SVB) is going to affect investment in the tech sector. Not only American companies are expected to be affected, but also companies in the Netherlands. So say Dutch experts to the Financieele Dagblad. According to Rinke Zonneveld, CEO at the public-... Read more
1 year ago
The US government is coming to the aid of customers of Silicon Valley Bank, guaranteeing their funds deposited with the bank. With this, the US government is trying to limit the potential damage from the failure of the bank, which is very important to the tech sector. Last Friday, the US Treasur... Read more
1 year ago
