Benzinga

MARCH 10, 2023

According to CNBC ’s David Faber , the parent of Silicon Valley Bank has failed to raise enough capital to continue and is being shopped around by bankers. SVB's issues took a toll on other banks. The news comes on the heels of SVB's attempt to sell $1.25 When investors dumped the stock Thursday, it led.

Banking 52

Banking 52

Benzinga

MARCH 27, 2023

First Citizens Purchases Silicon Valley Bank First Citizens BancShares Inc (NASDAQ: FCNCA ) agreed to purchase the troubled Silicon Valley Bank. The Raleigh, North Carolina-based First Citizens agreed to a deal to purchase all deposits and loans of SVB, according to a statement issued by the bank.

Banking 98

Banking Marketability 98

Reynolds Holding

MARCH 12, 2023

economy by strengthening public confidence in our banking system. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth. Today we are taking decisive actions to protect the U.S.

Treasury 45

Treasury Banking Finance 45

Law 360 M&A

MARCH 27, 2023

First Citizens Bank has emerged as the winning bidder for deposits, loans and other assets from the former Silicon Valley Bank, which failed earlier this month at a clean-up cost the Federal Deposit Insurance Corp. now estimates at roughly $20 billion.

Banking 40

Banking 40

Law 360 M&A

MARCH 23, 2023

told a New Jersey judge Thursday that it intends to transfer $236 million of cash out of accounts at the Silicon Valley bridge bank at the insistence of the Office of the United States Trustee so the money can be protected in an approved depository institution. Bankrupt cryptocurrency platform BlockFi Inc.

Banking 40

Banking 40

Financial Times M&A

MARCH 10, 2023

Tech-focused lender had faced deposit outflows and failed in eleventh-hour attempt to raise new capital

Banking 132

Banking 132

Reynolds Holding

OCTOBER 25, 2023

Key takeaways Diagnosing the true reasons for the failure of Silicon Valley Bank (SVB) and the contagion it fostered is critical to prescribing the right medicine to reduce the risk of similar failures and contagion in the future. Such flattening would do nothing to reduce the risk of future bank failures and related contagion.

Banking 40

Banking Start-ups Venture Capital Fund Equity 40

Lighter Capital

MARCH 11, 2023

The recent news about Silicon Valley Bank is saddening for those in the startup world. For almost 40 years, SVB helped startups and technology companies succeed, including Lighter Capital. While SVB and Lighter Capital worked together for many years, SVB has never been a credit facility provider for Lighter Capital.

Banking 52

Banking Start-ups Finance Equity 52

NYT M&A

MARCH 27, 2023

Banking regulators, which announced the deal late Sunday, had been looking for a buyer since seizing control of the failed bank.

Banking 98

Banking Mergers & Acquisitions 98

Norman Marks

MARCH 14, 2023

I have seen some unfortunate postings on social media and in the news. Self-appointed experts telling us what happened, why, and whose fault it was. There’s a political battle going on as well, with people blaming federal government administrations, regulators, and so on. I’m not going to get into that. But I think it is […]

Banking 100

Banking 100

Financial Times M&A

MARCH 26, 2023

Family-owned company’s acquisition of tech-focused lender’s deposits and loans follows sale of collapsed Signature Bank

Banking 98

Banking 98

Harvard Corporate Governance

MAY 1, 2023

Could better accounting rules have saved Silicon Valley Bank (SVB)? On the other hand, greater accounting transparency can unnecessarily cause bank depositors to panic at the first sign of trouble, threatening the stability of the banking system. The answer is a resounding maybe.

Banking 242

Banking Fair Market Value Marketability 242

Harvard Corporate Governance

MARCH 5, 2024

In March 2023, a financial panic that began with runs on Silicon Valley Bank in California led to three of the four largest bank failures in US history. Jitteriness about the overall health of banks spread to Switzerland and claimed Credit Suisse as a victim. This post is based on their paper.

Banking 169

Banking Equity 169

Harvard Corporate Governance

FEBRUARY 2, 2024

Cunningham and Carlos Juarez, Mayer Brown LLP, on Friday, January 26, 2024 Tags: Director , Executive Compensation , Retainers , Vesting Non-GAAP Adjustments: Impact of Merger and Acquisition Activity on Performance Targets and Results Posted by Mike Kesner and Steve Pakela, Pay Governance, on Saturday, January 27, 2024 Tags: Acquisition , GAAP , Generally (..)

Debt Financing 100

Debt Financing Banking Capital Structure Finance 100

NYT M&A

MAY 4, 2023

Hired to help with a capital raise, Goldman Sachs advised SVB to make a move that provoked a public panic and ended with the smaller bank collapsing.

Banking 66

Banking Mergers & Acquisitions 66

Harvard Corporate Governance

MARCH 11, 2024

bank regulation, as currently practiced. While banks are not technically exempt from antitrust enforcement, they are generally seen as inhabiting an alternative regulatory universe that is governed by principles and prioritizes substantive goals different from antitrust’s traditional competition-related concerns. banking sector.

Banking 124

Banking Treasury Marketability 124

Financial Times M&A

MARCH 10, 2023

How the tech world’s top banker buckled under pressure

Banking 89

Banking 89

Harvard Corporate Governance

JANUARY 23, 2024

Normal 0 false false false EN-HK ZH-CN AR-SA Strict securities accounting rules that require the recognition of unrealized securities losses in earnings caused banks sell mortgage-backed securities into negative liquidity shocks , a disruptive activity sometimes called, “ liquidity feedback trading.” For all but the largest banks in the U.S.,

Banking 124

Banking Marketability Finance Compliance 124

Harvard Corporate Governance

MAY 11, 2023

News of colossal bank failures have threatened economic stability once again. In March 2023, Silicon Valley Bank (“SVB”) failed after a myriad of factors facilitated a large-scale bank run of its underlying deposits. This post is based on her recent paper , forthcoming in the Northwestern University Law Review.

Banking 289

Banking 289

Financial Times M&A

JUNE 18, 2023

Securities division has been for sale since Silicon Valley Bank’s failure in March sent tremors through banking industry

Banking 101

Banking 101

Benzinga

MARCH 23, 2023

Citizens Financial Group Inc (NYSE: CFG ) is reportedly constructing a bid to purchase the private banking business of Silicon Valley Bank , which collapsed earlier this month. SVB Private provides banking, wealth management and trust services to high-net-worth individuals. Citizens, one of the largest U.S.

Banking 95

Banking Marketability 95

Financial Times M&A

MAY 10, 2023

Windfall transforms bank into the second-most profitable lender in US

Banking 84

Banking 84

Global Finance

MARCH 13, 2023

The FDIC’s sudden takeover of both Silicon Valley Bank and Signature Bank casts a shadow, no matter what you call it.

Banking 104

Banking 104

Financial Times M&A

MARCH 13, 2023

HoldCo Asset Management said two years ago that SVB’s valuation was inflated

Banking 87

Banking 87

Financial Times M&A

MARCH 13, 2023

Plus, HSBC emerges as SVB UK’s white knight and Silicon Valley squabbles over SVB

Banking 55

Banking 55

Harvard Corporate Governance

APRIL 18, 2023

Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank and any other similarly situated financial institution. Kucera , and Anna T.

Banking 219

Banking Compliance Marketability 219

Harvard Corporate Governance

APRIL 6, 2023

This post is based on his discussion of the subjects of banking turmoil and regulatory goals in his recent Chairman & CEO Letter to Shareholders. banking system, most of the risks were hiding in plain sight. This is not to absolve bank management – it’s just to make clear that this wasn’t the finest hour for many players.

Banking 234

Banking 234

Financial Times M&A

MARCH 27, 2023

Plus, the Saudi National Bank chair resigns and Northvolt revs its engine to become Europe’s top battery maker

Banking 53

Banking 53

Chris Mercer

MAY 19, 2023

This post was originally written for Mercer Capital’s Family Business Director Blog and offered advice to family business directors based on my observations following the failure of Silicon Valley Bank on March 10, 2023. This failure was followed by Signature Bank on March 12, 2023, and First Republic Bank on May 1, 2023.

Banking 98

Banking Treasury Start-ups Marketability 98

Harvard Corporate Governance

NOVEMBER 10, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, November 10, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of November 3-9, 2023 Understanding the Corporate Transparency Act’s Company Reporting Obligations Posted by Nathan Barnett, Daniel Bell, and Sebastian Orozco (..)

Treasury 186

Treasury Banking Equity Marketability 186

Machen McChesney

APRIL 24, 2023

Accounting and auditing standards have come under scrutiny in the wake of recent high-profile bank failures. Investigations are currently underway about what went wrong with Silicon Valley Bank and Signature Bank.

Banking 78

Banking 78

Financial Times M&A

MARCH 21, 2023

US regional bank has been among the hardest hit in the fallout from Silicon Valley Bank’s collapse

Banking 85

Banking 85

Harvard Corporate Governance

MAY 2, 2023

4] Silicon Valley Bank’s (“SVB”) recent collapse, along with troubles at several other prominent banks, has called into question the frequency of further interest rate increases, amid concerns of contagion spreading through the wider global banking industry. [5] 6] (more…)

Banking 200

Banking Marketability Technology Equity 200

Law 360 M&A

MARCH 13, 2023

Silicon Valley Bank's collapse will spur fraud probes into possible stock market manipulation and insider trading, with social media activity swirling around the bank's demise likely playing a key role in the investigations, according to white collar lawyers and former regulators.

Banking 75

Banking Marketability 75

Harvard Corporate Governance

JUNE 27, 2023

Following the consecutive collapses of Silicon Valley Bank (“SVB”) and Signature Bank in March, other regional banks have been under pressure. bank failure since the 2008 financial crisis; JPMorgan Chase later agreed to buy the majority of its assets. [2] Despite the U.S. 3] [4] The U.S. 3] [4] The U.S.

Banking 200

Banking Marketability Equity Technology 200

Harvard Corporate Governance

APRIL 21, 2023

on Saturday, April 15, 2023 Tags: Board of Directors , ESG , EU , Executive Compensation , Gender Diversity , general meeting , Sustainability , Sustainability reporting Back to the Future: Option Repricing Posted by Oren Lida, Glass, Lewis, & Co.,

Debt Financing 220

Debt Financing Banking Equity Finance 220

Reynolds Holding

MARCH 19, 2023

The failure of Silicon Valley Bank to find a buyer opens up the possibility (and the need) for a new kind of bank that is focused on financial stability as well as the traditional banking functions of lending and running payment systems. First is putting deposits with a Global-Systemically Important Bank.

Banking 114

Banking Finance Marketability Equity 114