SVB Financial Group

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SVB Financial Group is a holding company, which engages in the provision of banking and financial services to clients primarily in the technology and life science/healthcare industries, as well as global private equity and venture capital clients. It operates through the following segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities. The Silicon Valley Bank is a commercial bank, which offers products and services provided by the bank and its subsidiaries to commercial clients in key innovation markets. Silicon Valley Bank provides solutions to the financial needs of commercial clients through credit, treasury management, foreign exchange, trade finance, and other services. The SVB Private segment is the private bank and wealth management segment of the bank. It provides a range of personal financial solutions for consumers, and offers a customized suite of private banking services, including mortgages, home equity lines of credit, restricted and private stock loans, capital call lines of credit, other secured and unsecured lending products, and vineyard development loans, as well as planning-based financial strategies, wealth management, family offices, financial planning, tax planning, and trust services. The SVB Capital segment is the fund management business of SVB Financial Group, which focuses primarily on venture capital investments. SVB Capital manages funds (primarily venture capital funds) on behalf of third-party limited partners and, on a more limited basis, SVB Financial Group. Its family of funds consists of direct venture funds that invest in companies and funds of funds that invest in other venture capital funds, as well as debt funds that provide lending and other financing solutions. The SVB Securities segment is an investment bank focused on the innovation economy and operates as a wholly-owned subsidiary of SVB Financial Group. It provides investment banking services across all major sub-sectors of healthcare and technology. The company was founded in October 1983 and is headquartered in Menlo Park, CA.

Silicon Valley Bank customers in Asia having their deposits seized by the Federal Deposit Insurance Corp. and remain indebted to First Citizens Bank for loans.

SVB customers who lost deposits under pressure to repay loans

Silicon Valley Bank's customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The Wall Street Journal reported on Monday.

SVB's Asian customers who lost deposits remain on the hook for loans - WSJ

Asia-based clients of Silicon Valley Bank were not protected by the U.S.

Some Silicon Valley Bank Customers Still Owe Loan Payments Despite Losing Their Deposits, Report Says

Customers of Silicon Valley Bank's Cayman Islands branch who counted on using their deposits to repay credit lines are in a bind after the FDIC seized the funds.

SVB Customers Who Lost Their Deposits Remain on the Hook for Loans

SVB Financial said it had reached a deal to sell its healthcare-focused investment banking business to a team led by management.

SVB Financial Reaches Deal to Sell Investment Bank in Restructuring Milestone

The investment-banking business tied to Silicon Valley Bank will go back to being called Leerink Partners.

SVB Securities to Be Acquired in Management Buyout

A management team bidder group plans to acquire SVB Securities from SVB Financial Group. The bidder group is led by SVB Securities CEO Jeff Leerink and backed by The Baupost Group, according to a Sunday (June 18) press release.

Management Plans to Buy SVB Securities and Focus on Healthcare

SVB Financial Group said Sunday it has reached an agreement to sell its investment banking division to a group led by the unit's chief executive, Jeff Leerink, and backed by The Baupost Group.

SVB Financial reaches deal to sell its investment banking unit

SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group.

SVB agrees to sell its investment banking division

BOSTON , June 18, 2023 /PRNewswire/ -- The SVB Securities management team bidder group led by CEO Jeff Leerink, and backed by The Baupost Group, today announced they have entered into a definitive agreement with SVB Financial Group (Pink Sheets: SIVBQ) to purchase SVB Securities following a competitive bidding process. Upon closing of the transaction and completion of its rebranding, Leerink Partners will continue as a leading healthcare-focused investment bank.

SVB Securities' Management Team Signs Definitive Agreement for Buyout of SVB Securities from SVB Financial Group; Firm to Rebrand as Leerink Partners

SANTA CLARA, Calif. , June 18, 2023 /PRNewswire/ -- SVB Financial Group (Pink Sheets: SIVBQ) today announced that it has entered into a definitive purchase agreement with the management team bidder group led by Jeff Leerink, SVB Securities' Chief Executive Officer and Founder, and backed by funds managed by The Baupost Group L.L.C.

SVB Financial Group Enters into Definitive Purchase Agreement to Sell SVB Securities to Management Team Group Led by Jeff Leerink and Backed by The Baupost Group

The U.S. Federal Deposit Insurance Corporation has begun a sale of failed Silicon Valley Bank's German assets, seeking bids for the lender's $460 million portfolio of loans, leases and other assets, the Financial Times reported on Thursday.

US FDIC seeking bids for Silicon Valley Bank's German assets - Financial Times

HSBC Holdings

Silicon Valley Bank UK will continue to serve startup businesses from "seed funding to IPO" after its takeover, the CEO of HSBC UK told CNBC.

HSBC says rebranded Silicon Valley Bank UK will maintain startup focus while targeting global growth

The potential recovery of $2.2 billion of cash held by the FDIC provides the bulk of recovery to the bonds. Other sources of recovery include a portfolio of securities, warrants in venture companies, the investment bank, and the asset management division. NOLs (net operating losses) would also provide future value.

SVB Financial Preferred And Common: Potential Value In The Wreckage

The investment banking business tied to Silicon Valley Bank is preparing a management buyout that has the backing of Seth Klarman's hedge fund, Baupost Group.

SVB Securities Prepares Management Buyout Backed by Baupost

Silicon Valley Bank's former parent has reportedly drummed up little interest in its investment business.

SVB Securities Sale Attracts Solitary Bidder

Credit Suisse

How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair of the G20's Financial Stability Board said on Thursday.

G20 watchdog to study Silicon Valley Bank, Credit Suisse turmoil

HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday.

HSBC to rename British arm of Silicon Valley Bank next month- Sky News

Former Silicon Valley Bank CEO Greg Becker's claim that he did not possess material, non-public information before he made $2.3 million by selling company stock less than two weeks before his bank collapsed will not free him from potential regulatory scrutiny, a law professor and former enforcement officer for the Securities and Exchange Commission told MarketWatch.

Ex-CEO of Silicon Valley Bank not off the hook for stock sales ahead of bank collapse, law professor says

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.

Silicon Valley Bank staff face job cuts from new US owner

First Citizens BancShares

First Citizens Bank is cutting jobs related to its takeover of Silicon Valley Bank, which became the largest bank failure since the financial crisis.

First Citizens Bank cutting jobs at failed Silicon Valley Bank

First Citizens Bancshares Inc. FCNCA, -0.75% laid off nearly 500 former Silicon Valley Bank staff on Wednesday, Axios reported, with most in the failed bank's commercial banking segment. The move was made after First Citizens Bank in March agreed to buy up virtually all the loans and other assets from the institution set up by the FDIC to replace SVB — Silicon Valley Bridge Bank N.A.

First Citizens cuts nearly 500 Silicon Valley Bank staff: Axios

The Cayman Islands Monetary Authority is exploring legal options after the U.S. Federal Deposit Insurance Corp seized deposits held at Silicon Valley Bank's branch in the territory, the Wall Street Journal reported on Wednesday, citing a government official.

Cayman Islands regulator exploring legal options after Silicon Valley Bank deposit seizure - WSJ

First Citizens BancShares Inc , which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of illegally poaching more than 40 of the failed bank's employees.

First Citizens sues HSBC for hiring away Silicon Valley Bank staff

A U.S. bankruptcy judge on Wednesday ordered the U.S. Federal Deposit Insurance Corporation to return $10 million in seized tax refund checks to SVB Financial, the bankrupt former parent of failed Silicon Valley Bank.

News for SVB Financial Group Stock (SIVBQ)