Tag: Financing Agreements

Silicon Valley Bank’s former parent company says FDIC seized about $2 billion in cash

Silicon Valley Bank’s former parent company cannot access about $2 billion it deposited with the bankrupt bank after regulators froze the company’s accounts and are investigating whether it should bear costs related to the bank’s bankruptcy . Lawyers for SVB Financial Group, the holding company that formerly controlled the now-defunct bank, alleged Tuesday at the […]

March 22, 2023
UBS closes deal to buy Credit Suisse for more than $2 billion

Swiss authorities tried to finalize the deal on Sunday before Asian markets opened this week. They were walking a fine line, they had to get the boards of the two banks to agree to the deal and avoid the alternative, a regulator-led liquidation of Credit Suisse, which could prove longer and more painful for the […]

March 19, 2023

Silicon Valley Bank’s former parent company says FDIC seized about $2 billion in cash