SVB Financial Group, the previous parent company of the Silicon Valley Bank, filed a lawsuit against the United States Federal Deposit Insurance Corporation (FDIC), a court filing showed.
According to the filing, SVB Financial Group wants to recover $1.93 billion, with an aim to sell the remaining...
United States Federal Reserve Chair Jerome Powell remarked on Wednesday during his testimony before the House Financial Services Committee that, in his opinion, "very bad management decisions" were crucial in the eventual collapses of banks such as Silicon Valley Bank (SVB) and Signature...
The United States Department of Justice (DoJ), the Federal Reserve and the Securities and Exchange Commission (SEC) are investigating Goldman Sachs Group Inc. as part of their probes into the collapse of the Silicon Valley Bank (SVB) earlier this year, the Wall Street Journal reported citing...
HSBC Holdings plc will rebrand its newly-acquired subsidiary Silicon Valley Bank UK (SVBUK) as HSBC Innovation Banking, Sky News reported on Monday.
The new name for SVBUK, which primarily does business with the tech sector in the United Kingdom, is expected to be announced during the...
First Citizens Bancshares let go of close to 500 workers of Silicon Valley Bank, which it previously took under its control, Axios reported on Wednesday citing sources with knowledge of the matter.
According to the sources, the majority of the laid-off employees were a part of SVB's commercial...
PacWest Bancorp shares fell more than 11% Tuesday following the testimonies by the CEOs of Silicon Valley Bank and Signature Bank before US lawmakers.
During the session, US legislators claimed that CEOs of both banks took risks to boost short-term profits and put their interests ahead of...
HSBC UK Bank plc has appointed three new members of its new subsidiary Silicon Valley Bank UK (SVBUK) board of directors, Sky News reported on Tuesday.
According to people familiar with the matter, HSBC named its group chief operating officer (CEO) John Hinshaw, commercial banking head...
Former CEO of now-defunct Silicon Valley Bank Gregory Becker will say in a congressional testimony set for May 16 that he and the bank's top brass made their decisions "in good faith and in the best interests of SVB, its employees, and its clients."
Remarks released on Monday ahead of his...
Berkshire Hathaway Inc.'s CEO Warren Buffett said that if deposits in Silicon Valley Bank (SVB) had not been covered it could have had catastrophic consequences.
The billionaire investor noted the Federal Deposit Insurance Corporation (FDIC)'s response was critical in preventing a chain reaction...
HSBC Holdings plc announced on Tuesday its revenues surged by 64% over the year to $20.2 billion in the first fiscal quarter of 2023.
The bank's profit before tax rose by $8.7 billion to $12.9 billion year-on-year, as its profit after tax increased by $7.6 billion to $11.0 billion. The company's diluted EPS...
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