Silicon Valley Bank customers who saw their Cayman Islands deposits wiped down to zero have won a court ruling that could help them get their money back.
Tag: SVB
Fed, SEC Probing Goldman Sachs’s Role in SVB’s Final Days
The Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sach’s role in buying Silicon Valley Bank’s securities portfolio while it was working on its doomed capital raise before the bank’s failure, according to people familiar with the matter.
Silicon Valley Bank’s Former Parent Files for Chapter 11
Silicon Valley Bank’s former parent company filed for Chapter 11 bankruptcy protection on Friday, a week after the U.S. government took over its commercial bank that teetered from a run on deposits.
Government Intervention of SVB Saved Insurers from Potential D&O Claims: AM Best
AM Best warned that underwriters of directors and officers insurance for startups and venture capitalists, as well as the financial institution insureds supporting them, narrowly avoided financial distress thanks to US Government intervention around the collapse of Silicon Valley Bank.