Tag: Bancorp of the Western Alliance

  • FDIC transfers all deposits from Silicon Valley Bank to the newly established bridge bank

    The Federal Deposit Insurance Corp. said Monday it transferred all deposits, both insured and uninsured, from the former Silicon Valley Bank to a newly created full-service FDIC-managed bridge bank in a move that aims to protect all of the bank’s depositors. The move comes after the regulator closed the bank and its 13 branches on […]

  • Stocks extend weekly losses after job data, bank collapse

    The government said on Friday that US hiring grew solidly but cooled off in February as employers added 311,000 jobs, more than economists polled by The Wall Street Journal had expected. Unemployment rose slightly to 3.6%, still historically low. Meanwhile, regulators closed Silicon Valley Bank after a run on deposits thwarted the tech-focused lender’s plans […]

  • Stocks making the biggest moves in the afternoon: SBNY, DOCU, ORCL

    On June 13, 2022 in Redwood Shores, California, a sign stands in front of Oracle’s headquarters. Justin Sullivan | Getty Images Check out the companies making headlines during Friday afternoon trading. Allbirds – Shares fell 40% after the shoe retailer’s fourth-quarter results fell short of Wall Street expectations. In addition, the company posted its first […]