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Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."
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186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
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US's New York Community Bank To Take Over Failed Signature Bank's Assets
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.
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SVB Financial, Silicon Valley Bank Parent, Files For Bankruptcy Protection
The parent firm of US lender Silicon Valley Bank has filed for bankruptcy, nearly a week after US authorities swooped in and seized the bank's assets following a run on deposits, which made it no longer tenable.
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Indian Startups Have Deposits of About $1 Billion in Silicon Valley Bank: MoS IT Rajeev Chandrasekhar
Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the MoS IT Rajeev Chandrasekhar said he had suggested that local banks lend more to them going ahead.
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Indian Startups Have Deposits Worth $1 Billion In SVB: Minister
Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead.
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Silicon Valley Bank Caretaker Urges Depositors To Come Back
The head of Silicon Valley Bridge Bank, created by US regulators to succeed Silicon Valley Bank after it collapsed, on Tuesday urged fleeing depositors to return with their money, as large banks see an influx of funds.
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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
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Indian CEO's To-Do List After Silicon Valley Bank Collapse: Get Money Out, Fast
Two things worrying Indian startups the most after a key lender in the US collapsed on Friday are whether their money is safe and if it can be moved out of the dead bank fast, according to the owner of an Indian firm.
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Indian Banks Stand Out Amid SVB Crisis, Says Analyst
Indian banks' large reliance on local deposits cushions them as global peers are facing potential contagion from the woes emanating from Silicon Valley Bank, according to Macquarie Group Ltd
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Highlights: SVB Gives Customers Access To Deposits, Indian Startups Expect Relief
Silicon Valley Bank (SVB) highlights: The Silicon Valley Bank, a key lender to US startups since the 1980s, which collapsed on Friday last, allowed its customers to access their deposits from today.
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Nazara Tech Subsidiaries Held Rs 64 crore In Collapsed Silicon Valley Bank
Some Asian technology firms have disclosed cash deposits at troubled US lender Silicon Valley Bank, known for its deep ties with the sector, with most emphasizing the amounts were immaterial to their operations.
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Dollar Slides As US Intervenes On Silicon Valley Bank Collapse
The US government announced several measures early on Monday Asian hours, and said all SVB customers will have access to their deposits starting on Monday.
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"A Real Loss": Silicon Valley Bank Collapse Leaves Tech Start-Ups Worried
Silicon Valley Bank collapse: SVB's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.
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Silicon Valley Bank Shut Down: Biggest Banking Failures Since 2008
US regulators shuttered Silicon Valley Bank (SVB) on Friday and took control of its deposits, in what amounts to the biggest retail banking failure since the global financial crisis.
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Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."
-
186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
-
US's New York Community Bank To Take Over Failed Signature Bank's Assets
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.
-
SVB Financial, Silicon Valley Bank Parent, Files For Bankruptcy Protection
The parent firm of US lender Silicon Valley Bank has filed for bankruptcy, nearly a week after US authorities swooped in and seized the bank's assets following a run on deposits, which made it no longer tenable.
-
Indian Startups Have Deposits of About $1 Billion in Silicon Valley Bank: MoS IT Rajeev Chandrasekhar
Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the MoS IT Rajeev Chandrasekhar said he had suggested that local banks lend more to them going ahead.
-
Indian Startups Have Deposits Worth $1 Billion In SVB: Minister
Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead.
-
Silicon Valley Bank Caretaker Urges Depositors To Come Back
The head of Silicon Valley Bridge Bank, created by US regulators to succeed Silicon Valley Bank after it collapsed, on Tuesday urged fleeing depositors to return with their money, as large banks see an influx of funds.
-
Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
-
Indian CEO's To-Do List After Silicon Valley Bank Collapse: Get Money Out, Fast
Two things worrying Indian startups the most after a key lender in the US collapsed on Friday are whether their money is safe and if it can be moved out of the dead bank fast, according to the owner of an Indian firm.
-
Indian Banks Stand Out Amid SVB Crisis, Says Analyst
Indian banks' large reliance on local deposits cushions them as global peers are facing potential contagion from the woes emanating from Silicon Valley Bank, according to Macquarie Group Ltd
-
Highlights: SVB Gives Customers Access To Deposits, Indian Startups Expect Relief
Silicon Valley Bank (SVB) highlights: The Silicon Valley Bank, a key lender to US startups since the 1980s, which collapsed on Friday last, allowed its customers to access their deposits from today.
-
Nazara Tech Subsidiaries Held Rs 64 crore In Collapsed Silicon Valley Bank
Some Asian technology firms have disclosed cash deposits at troubled US lender Silicon Valley Bank, known for its deep ties with the sector, with most emphasizing the amounts were immaterial to their operations.
-
Dollar Slides As US Intervenes On Silicon Valley Bank Collapse
The US government announced several measures early on Monday Asian hours, and said all SVB customers will have access to their deposits starting on Monday.
-
"A Real Loss": Silicon Valley Bank Collapse Leaves Tech Start-Ups Worried
Silicon Valley Bank collapse: SVB's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.
-
Silicon Valley Bank Shut Down: Biggest Banking Failures Since 2008
US regulators shuttered Silicon Valley Bank (SVB) on Friday and took control of its deposits, in what amounts to the biggest retail banking failure since the global financial crisis.
