Search results
Results from the WOW.Com Content Network
Since 2002, the bank made more than $2 billion in loans and investments to developers, including $1.6 billion in loans since 2014, to build affordable housing in Silicon Valley and San Francisco, as well as Massachusetts (from its 2021 acquisition of Boston Private).
Since 2002, the bank had made $2.7 billion in loans and investments, including $1.6 billion in loans since 2014, to build nearly 10,000 units of affordable housing in Silicon Valley and San Francisco, [125] as well as affordable housing in Massachusetts (from its 2021 acquisition of Boston Private). [126]
The SVB Private offices in San Jose, formerly operated by Boston Private Bank & Trust Company, on March 13 following Silicon Valley Bank's collapse. On May 31, 2005, Silicon Valley Bankshares rebranded as SVB Financial Group, signaling the company's diversification away from commercial banking. [22] SVB Alliant ceased operations in 2007. [23]
Silicon Valley Bank's former parent may pursue a lawsuit to recover $1.93 billion of deposits that the Federal Deposit Insurance Corp seized following the bank's March 2023 collapse, a federal ...
The deposit outflow forced SVB to sell assets and take a $1.8 billion loss, a move the bank made “because we expect continued higher interest rates, pressured public and private markets, and ...
The Fed's rate increases lowered the value of Silicon Valley Bank's bonds, forcing it to sell assets at a loss once depositors began pulling their money. That sale, which it disclosed on March 8 ...
California lawmakers were told Sunday that the Treasury Department and FDIC's top priority is to engineer a sale following the collapse of Silicon Valley Bank, two people on the call told NBC News.
Timothy J. Mayopoulos (born March 7, 1959) is an American businessman and lawyer who was the president and chief executive officer (CEO) of Fannie Mae from 2016 to 2019. [2] [3] Following the collapse of Silicon Valley Bank in March 2023, he was appointed by the FDIC as CEO of its successor, Silicon Valley Bridge Bank, N.A. [4] [5] Mayopoulos was announced as president and member of the board ...