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SIVBQ / Silicon Valley Bank staff face job cuts from new US owner

Former Silicon Valley Bank staff in the US face job cuts from new employer First Citizens, according to reports. Some 500 workers from Silicon Valley's US wing face the axe just two months after the bank's collapse and ultimate takeover by First Citizens, news website Axios first reported. Read More

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Posted: May 25 2023, 04:04

Author Name: Proactive Investors

SIVBQ News

By PYMNTS
October 23, 2023

Silicon Valley Bank Rolls Out Enhanced Digital Banking Platform

Silicon Valley Bank (SVB), a division of First Citizens Bank, has unveiled a range of new and updated products and services. Since its acquisition b

By CNBC Television
October 17, 2023

Jim Cramer talks what went wrong with Silicon Valley Bank

'Mad Money' host Jim Cramer talks what went wrong with Silicon Valley Bank.

By Business Insider
October 11, 2023

The Treasury market this week saw its biggest single-day rally since the collapse of Silicon Valley Bank

US Treasurys this week saw the biggest single-day rally since SVB collapsed. The yield on the 10-year US Treasury fell 15 basis-points on Tuesday.

By PYMNTS
September 17, 2023

SVB Capital Could Sell for $500 Million

Silicon Valley Bank's former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall S

By Reuters
September 15, 2023

SVB Financial nears deal to sell VC arm, Scaramucci leading bidder - WSJ

SVB Financial Group is closing in on an agreement to sell its venture-capital and credit investment business SVB Capital in order to avoid bankruptcy,

By Market Watch
September 15, 2023

SVB Capital closes in on deal to be bought out of bankruptcy: report

The former parent company of Silicon Valley Bank is nearing a deal to sell its VC and credit-investment arm out of bankruptcy, according to a Wall Str

By WSJ
September 15, 2023

Scaramucci Emerges as a Leading Bidder For SVB Financial's Venture-Capital Arm

Two front-runners vie for SVB Capital, with a court expected to a make decision within weeks.

By WSJ
August 19, 2023

As Rates Rise, Japan Is Wary About Silicon Valley Bank Sequel

Unrealized losses on bonds could hit regional Japanese banks, though they are less worried about depositor flight.

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