New York Community Bancorp (NYCB) shares closed down 38% Wednesday (Jan. 31) following its announcement of a dividend cut and an unexpected loss. This news surprised investors who had considered NYCB one of the winners of the 2023 crisis that saw the downfall of Signature Bank,...
According to a U.S. Securities and Exchange Commission filing released Tuesday (Aug. 15), the chief executives of failed Silvergate Capital are leaving the company. Silvergate Capital President and Chief Executive Officer Alan J. Lane and Chief Legal Officer John M. Bonino will both depart from their positions effective Tuesday....
The original venture backers of Canadian eCommerce lender Clearco are reportedly buying a loan made to the company by Silicon Valley Bank (SVB). Inovia Capital and Founders Circle Capital, joined by the still operating venture capital arm of SVB, are buying SVB’s $60 million loan to Clearco, Bloomberg reported Friday (Aug. 4), citing unnamed sources....
Higher capital requirements may have a negative ripple effect on banks — tightening the lending spigots even further. And the winners may be the FinTechs that gain more lending business from consumers and enterprises as they pivot to a relatively newer corner of financial services...
July 17, 2023
Higher capital requirements may have a negative ripple effect on banks — tightening the lending spigots even further. And the winners may be the FinTechs that gain more lending business from consumers and enterprises as they pivot to a relatively newer corner of financial services to get the capital they need. As has been widely reported, […]
June 23, 2023
If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of...
April 17, 2023
Silicon Valley Bank (SVB) helped pioneer venture debt as a critical source of alternative financing. After its untimely failure, many market observers are beginning to wonder — will that source of...
April 13, 2023
The black swan collapse of FTX in November 2022 severely rattled global confidence in crypto. It also increased the scrutiny of U.S. regulators, though no new laws impacting the industry...
August 04, 2024
Silicon Valley Bank’s former owner has gotten a judge’s permission to end its bankruptcy. As Reuters reported Saturday (Aug. 3), SVB Financial Group has been given leave to turn over its assets to its creditors, bringing its bankruptcy to a close. According to the report, the company’s bankruptcy restructuring includes a provision for the establishment […]
January 31, 2024
New York Community Bancorp (NYCB) shares closed down 38% Wednesday (Jan. 31) following its announcement of a dividend cut and an unexpected loss. This news surprised investors who had considered NYCB...
August 16, 2023
According to a U.S. Securities and Exchange Commission filing released Tuesday (Aug. 15), the chief executives of failed Silvergate Capital are leaving the company. Silvergate Capital President and Chief Executive Officer Alan J. Lane...
August 04, 2023
The original venture backers of Canadian eCommerce lender Clearco are reportedly buying a loan made to the company by Silicon Valley Bank (SVB). Inovia Capital and Founders Circle Capital, joined by the still operating venture capital arm of...
