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silicon valley bank
From the Ashes of SVB UK, HSBC Gives Birth to New Innovation Banking Unit
- HSBC UK bought former SVB UK, establishing specialized innovation teams in the US, HK, and Israel.
- HSBC Innovation Banking is aimed at expanding the reach of its global innovation economy.
Monday, 12/06/2023 | 10:08 GMT by
Damian Chmiel
Silicon Valley Bank Rescued by First Citizens in FDIC-Approved Deal
- First Citizens Bank acquired failed SVB, stabilizing its operations and calming market concerns.
- FDIC-approved takeover sees First Citizens Bank assume control of Silicon Valley Bank's loans and deposits.
Monday, 27/03/2023 | 09:11 GMT by
Damian Chmiel
US Fed Announces Internal Investigation after Silicon Valley Bank Collapse
- Fed Board wants to examine if SVB was adequately supervised and regulated.
- The bank's collapse led to broad stock market sell-offs, including a 60% slump in First Republic Bank shares.
Tuesday, 14/03/2023 | 09:42 GMT by
Damian Chmiel
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