Following the failure — which triggered a regional banking crisis that included the failures of Signature Bank and First Republic Bank — FDIC has since sold SVB's assets to First Citizens BancShares.

The SVB managing director in the Carolinas remains Chris Stoecker, who is based in Raleigh. Stoecker has been with SVB since 2010 and previously worked at Square 1 Bank in Durham.

Three years before its epic collapse, highflying Silicon Valley Bank was preparing to join the big boys of the banking world as it neared $100 billion in assets. But SVB needed help to make the ...

Aggressive SVB bankers eager to grow their career have been forced to look elsewhere — and many landed on JPM in part because a handful of colleagues previously migrated to SVB in 2021.

Barr’s testimony indicates the Fed’s review will examine how the 2018 rollback of Dodd-Frank may have contributed to SVB’s failure. That rollback, under then-President Donald Trump, allowed ...

Firms like Accel, a16z, Index and Sequoia can usually control who buys a stake in their blue-chip funds. With SVB Capital for sale, that won’t likely be the case.

When SVB needed to shore up its financials earlier this month, it sold all of its available-for-sale securities — $21 billion in bonds. But because of the decline in bond valuations, ...

The impact of SVB’s events was something that many emerging managers could speak to. The bank frequently sponsored and hosted events targeted at emerging managers and was also consistently ...

SVB Financial Group Corp., the former parent company of Silicon Valley Bank, today announced that it has filed for Chapter 11 bankruptcy protection in New York.SVB Financial Group operated Silico ...

SVB Financial Group estimated it has $2.2 billion of liquidity. It also said it has other valuable securities and assets that are being considered for sale. Banking Crisis & Response More ...