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When SVB needed to shore up its financials earlier this month, it sold all of its available-for-sale securities — $21 billion in bonds.
Depositors rushed to pull their money. SVB was seized by the Federal Deposit Insurance Corp. on March 10, kicking off a banking crisis that took down Signature Bank and First Republic.
SVB Financial Group estimated it has $2.2 billion of liquidity. It also said it has other valuable securities and assets that are being considered for sale.
A Social Science Research Network study says that 186 American banks could be vulnerable to the same failure as Silicon Valley Bank (SVB) if half of their depositors withdraw money.
SVB Financial Group, the bankrupt former parent of Silicon Valley Bank, said Monday that the U.S. government had formally rejected its demand for a return of about $1.93 billion that was seized by ...
SVB’s 2022 year-end regulatory reports show $209 billion in assets funded with about $175.5 billion in deposits, of which about $157 billion were held in accounts with balances in excess of the ...
The collapse of Silicon Valley Bank (SVB) marked the first “social media, internet-based bank run” in U.S. history, Sen. Mark Warner (D-Va.) said Thursday. During a Senate Finance Committee h… ...
Mar 24, 2023, 10:50am EDTUpdated Mar 24, 2023, 01:58pm EDT SVB Capital’s sale will put a “crown jewel” portfolio of VC fund stakes in play.