Why SVB still matters – and what banks must do now to avoid the next crisis

Stas Melnikov, Head of Quantitative Research and Risk Data Solutions at SAS discusses the key lessons that must not be ...

Ex-SVB Officers Lose FDIC Fight to Use Stronger Liability Shield

Former officers of Silicon Valley Bank and its parent company can’t shield themselves from liability using a “business ...

Boston-based Leerink Partners has emerged from the SVB debacle three years later, stronger than ever.

Boston-based Leerink Partners has emerged from the Silicon Valley Bank debacle three years later as a top advisor to biotech ...
Financial Advisor

First Citizens, Buyer Of Collapsed SVB, Weighs Another Target

First Citizens BancShares Inc. is looking for deal targets that would help it quickly vault over a key $250 billion asset threshold, according to people familiar with the discussions.
The Hill

Thanks to regulators, SVB will be the most costly bank failure in history

The FDIC estimates that the SVB resolution will cost the deposit insurance fund $20 billion. The receivership has already lost $16.5 billion in the discounted loan values needed to consummate the ...
Yahoo

SVB’s Demise Swirled on Private VC, Founder Networks Before Hitting Twitter

(Bloomberg) -- Politicians called the dramatic collapse of Silicon Valley Bank the “first Twitter-fueled bank run.” But in the highly networked tech industry, public social media feeds didn’t actually ...
Inc

Entrepreneurs Learned Vital Lessons From SVB’s Collapse. The Latest Scourge: Multiple Banks

While few could have predicted the collapse of Silicon Valley Bank, the founders who faced huge losses on their SVB deposits until the federal government bailed them out aren’t keen to tempt fate ...
WealthManagement.com

Six SVB Private Advisors Jump to Cerity

A group of six former SVB Private advisors have joined Cerity Partners, a New York-based hybrid registered investment advisor with about $62 billion in client assets, according to public filings. The ...
New York Post

Fed’s Michael Barr learned of risks at SVB weeks before it failed

The Federal Reserve’s head of banking supervision said Tuesday he was first made aware of the interest rate risk-related issues at Silicon Valley Bank in mid-February, just weeks before its failure.
Fox Business

Auditor and underwriters cited in SVB collapse lawsuit

An auditor and underwriters have reportedly been named for the first time in a lawsuit concerning the collapse of Silicon Valley Bank. SVB's auditor KMPG along with underwriters including Goldman ...
Business Insider

SVB was a 'textbook case of mismanagement' and the collapsed bank waited too long to fix its problems, Fed official says

Silicon Valley Bank was a "textbook case of mismanagement," a top Fed official has said. The collapsed bank grew quickly, and failed to manage interest rate and liquidity risks, Michael Barr said. SVB ...
Reuters

SVB Financial says FDIC won't return seized $2 bln

FDIC formally denied SVB Financial's claim FDIC fully backstopped Silicon Valley Bank customer accounts Those protections did not apply to the bank's owner, FDIC said Nov 6 (Reuters) - SVB Financial ...