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Apr 26, 2024 · Silicon Valley Bank’s collapse sparked a broader crisis last year. Signature Bank’s failure followed days later, and First Republic Bank failed a few weeks after that. In total, there were...
1 day ago · On March 8, 2023, Silicon Valley Bank (SVB) announced a $1.8 billion loss from the sale of securities to cover a decline in clients’ deposits. The following day, SVB’s stock dropped 60% and the ban…
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Apr 22, 2024 · On the heels of opening its newest Pittsburgh financial center in Sewickley on Monday, Bank of America said it plans at least two more before the end of 2025. One, in Monroeville, is expected...
- Patty Tascarella
- Senior Reporter
- ptascarella@bizjournals.com
- Pittsburgh Business Times
May 3, 2024 · The fire sale of Silicon Valley Bank is nearly complete, a scant 14 months after the lender's spectacular collapse. Why it matters: This concerns the fate of SVB's venture capital business, called SVB Capital, which still manages around $9.8 billion in assets for limited partners.
Apr 30, 2024 · Funding for biotech ventures, a key industry in Philadelphia — and a main focus of Silicon Valley Bank in the year before its collapse — remains down nationally after huge speculative investments in 2017-2021, according to data collected by Pitchbook.
Apr 27, 2024 · Washington — The Federal Reserve blamed last month’s collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and said the industry...
Apr 29, 2024 · Silicon Valley bank was not a small bank, it’s the 16th largest bank in the country, holding $210 billion in assets. It acts as a major financial conduit for venture capital-backed...
