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Silicon Valley Bank

Silicon Valley Bank: Federal Reserve Board examines factors that contributed to failure

30 Apr 2023

The US Federal Reserve Board announced the findings of a review of Silicon Valley Bank's supervision and regulation led by Vice Chair for Supervision Michael S Barr on Friday. The review identifies four key takeaways regarding the reasons for the bank's failure: The board of directors and management of Silicon...

US firm acquires SVB after it went bankrupt

27 Mar 2023

First Citizens BancShares Inc. has agreed to buy Silicon Valley Bank, which was taken over by regulators after a run on the bank. According to a statement from the Federal Deposit Insurance Corp., the Raleigh, North Carolina-based bank entered into a purchase and assumption agreement for all of SVB's deposits...

Funny Silicon Valley memes flooded Twitter as bank shut down

11 Mar 2023

On Friday, Silicon Valley Bank was shut down. The news of the bank collapsing has left its investors in panic mode, however, social media is reacting otherwise. Notably the Bank has been shut down by the US regulators who have taken all assets into the custody. The investors of the...

US: Silicon Valley Bank shut down

11 Mar 2023

On Friday, US regulators shuttered Silicon Valley Bank as well as took over the control of its deposits. The 40-year-old Bank had become the second biggest rank casualty in the history of the United States as it was abruptly shut down on Friday, 10 March. The move was taken by...