Tag: SVB Financial Group

  • Morgan Stanley is naming the stock to navigate the current European banking jitters

    In the wake of recent market volatility and sharp price falls, Morgan Stanley warned that the European banking sector “isn’t as attractive as it used to be”. Shares of Deutsche Bank fell on Friday as worries about the stability of European banks continued following the forced takeover of controversial Credit Suisse by its rival UBS. […]

  • Why analysts say banks will be fine

    Betsie Van Der Meer | Stone | Getty Images Banks have been struggling with this lately. Earlier this month, both Silicon Valley Bank and Signature Bank saw runs on their deposits as customers quickly withdrew billions of dollars that the financial firms didn’t have on hand to pay off. The Federal Deposit Insurance Corporation seized […]

  • Gold price could run high amid SVB, Credit Suisse, banking troubles

    The gold price has more room to rise and could reach as high as $2,600 an ounce. Investors are turning to gold and government bonds after the collapse of Silicon Valley Bank and Credit Suisse’s troubles. According to Refinitiv data, the all-time high in gold was $2,075 in August 2020. Investors are flocking to gold […]

  • 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 […]

  • JPMorgan CEO Jamie Dimon leads efforts to create new First Republic Bank Rescue Plan

    Discussions, while tentative, focused on how the industry could arrange an investment that would bolster the bank’s capital, according to people familiar with the matter. One of the options on the table, people said, is an investment in First Republic by the banks themselves. Eleven major banks joined forces last week to deposit $30 billion […]

  • Fed expressed concerns in 2019 about SVB risk management

    WASHINGTON — The Federal Reserve raised concerns about risk management at Silicon Valley Bank that began at least four years before its bankruptcy earlier this month, documents show. In January 2019, the Fed issued a warning to SVB SIVB -60.41% about its risk management systems, according to a presentation distributed last year to employees of […]

  • From the sudden collapse of the SVB to the consequences of Credit Suisse: 8 charts show turbulence in the financial markets

    A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in […]

  • House lawmakers hold first hearing on bank failures

    The House Financial Services Committee has announced that the first hearing on the bankruptcies of SVB and Signature Bank will take place on March 29. Martin J. Gruenberg, chairman of the board of directors of the FDIC, and Michael S. Barr, vice chairman for oversight of the board of directors of the Federal Reserve, will […]

  • SVB Financial Files for Chapter 11 Bankruptcy Protection

    Silicon Valley Bank’s parent company filed for bankruptcy, facilitating the sale of its remaining assets after the technology-focused bank at its core was seized by federal regulators. SVB Financial Group filed for Chapter 11 protection in New York bankruptcy court on Friday, the largest bankruptcy filing due to a bank failure since Washington Mutual Inc. […]

  • Four regional bank stocks for the brave to buy, according to UBS

    The sell-off at regional banks is exaggerated, with four names UBS says look particularly attractive at these levels. While bank stocks rallied higher on Thursday, volatility has increased this week. The banking sector began a nosedive shortly before the collapse of Silicon Valley Bank (SVB) and has continued this week despite regulators saying on Sunday […]