Silicon Valley Bank Updates

The latest coverage and analysis from PYMNTS following the dramatic collapse of Silicon Valley Bank (SVB).

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The Silicon Valley Bank Story No One Has Told
The Silicon Valley Bank Story No One Has Told
March 13, 2023  |  Fintech Investments

It’s almost an eerie coincidence. Nearly three years to the day that the World Health Organization declared the novel Coronavirus a global pandemic, Silicon Valley...

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HSBC Pays One Pound to Purchase Silicon Valley Bank UK
HSBC Pays One Pound to Purchase Silicon Valley Bank UK
March 13, 2023  |  Banking

Banking giant HSBC is set to acquire the U.K. arm of failed lender Silicon Valley Bank. HSBC announced the purchase Monday (Mar. 13) morning, saying...

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SVB Shutters and Banks Drag CE 100 Index 6.7% Lower
SVB Shutters and Banks Drag CE 100 Index 6.7% Lower
March 13, 2023  |  Connected Economy

The CE 100 Stock Index lost 6.7% as Silicon Valley Bank collapsed during a dramatic week that raises questions about FinTechs and startup funding. It...

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Regulators Say Silicon Valley Bank Depositors Will Be Covered
Regulators Say Silicon Valley Bank Depositors Will Be Covered
March 12, 2023  |  Banking

Federal regulators have thrown Silicon Valley Bank (SVB) customers a lifeline. Officials from the Federal Reserve, Federal Deposit Insurance Corporation and the U.S. Treasury announced...

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The Bank of London Offers to Buy Silicon Valley Bank’s UK Operations
The Bank of London Offers to Buy Silicon Valley Bank’s UK Operations
March 12, 2023  |  Banking

The Bank of London has offered to purchase the British operations of the collapsed Silicon Valley Bank. The clearing bank said Sunday (March 12) it...

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Signature Bank Shut Down and Placed Under FDIC Control
Signature Bank Shut Down and Placed Under FDIC Control
March 12, 2023  |  Banking

Regulators have closed down crypto-friendly lender Signature Bank in an attempt to stave off a banking crisis. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC)...

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Britain Races to Stem SVB Fallout as UK Arm Attracts EMEA Buyers
Britain Races to Stem SVB Fallout as UK Arm Attracts EMEA Buyers
March 12, 2023  |  Banking

The sudden collapse of California-based Silicon Valley Bank (SVB), which focuses on tech startups, is having repercussions far beyond the U.S. As of Sunday (March...

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Yellen Says No Bailout Planned for Silicon Valley Bank
Yellen Says No Bailout Planned for Silicon Valley Bank
March 12, 2023  |  Banking

Treasury Secretary Janet Yellen says the U.S. has no plans for a bailout of the collapsed Silicon Valley Bank. However, the federal government is working...

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Feds Auction Off Failed Silicon Valley Bank Amid Ongoing Fallout
Feds Auction Off Failed Silicon Valley Bank Amid Ongoing Fallout
March 12, 2023  |  Banking

U.S. regulators were reportedly auctioning off Silicon Valley Bank, whose failure last week continues to rock the financial world. The auction was underway Sunday (March...

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