SVB Financial Group (SIVB) shut down by regulators

Goldman Sachs Terminates Coverage on SVB Financial Group (SIVB)

March 10, 2023 1:37 PM EST

Goldman Sachs Terminates Coverage on SVB Financial Group (NASDAQ: SIVB)

Analyst Ryan Nash comments "Effective immediately, we are dropping coverage on SVB Financial Group."

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Stifel Lays Out Biotech Names Exposure to SVB Financial Group (SIVB)

March 10, 2023 1:12 PM EST

Stifel analyst Dae Gon Ha comments "Repercussions of the SVB fallout is dominating headlines and naturally, the majority of our covered companies being unprofitable, pre-commercial companies, stocks under our coverage universe are down sharply today. We have reached out to the respective management teams and are reassured that the impact could be, at least for now, less catastrophic. Of course,... More

Silicon Valley Bank shut by California regulator

March 10, 2023 11:57 AM EST

(Reuters) -A California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver, according to the agency's statement.

Shares of the bank were halted on Friday, after they tumbled 66% in premarket trading.

Silicon Valley Bank is the first FDIC-insured... More

Bank stocks weaken again as FDIC moves in to close SVB

March 10, 2023 11:55 AM EST

Bank stocks weaken again as FDIC moves in to close SVB (NASDAQ: SIVB)

First Republic Bank (NYSE: FRC) -18%Pacwest Bancorp (NASDAQ: PACW) -22%Signature Bank (NASDAQ: SBNY) -12%Western Alliance Bancorporation (NYSE: WAL) -25%XLF (NYSE: XLF) -0.7%KRE (NYSE: KRE) -3.8%
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Silicon Valley Bank (SIVB), Santa Clara, California, was closed today by the California Department of Financial Protection

March 10, 2023 11:40 AM EST

Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank.

All insured depositors will have full access to their insured deposits no later than Monday morning, March 13,... More

U.S. regulators descend on SVB Financial Group (SIVB) to asses finances - Bloomberg

March 10, 2023 11:09 AM EST

U.S. regulators descend on SVB Financial Group (NASDAQ: SIVB) to asses finances - Bloomberg

company called off a share sale amid woespursuing a possible saleattempt to stem deposit outflows... More

Odeon's Dick Bove is 'intrigued' by SVB's (SIVB) preferred stock if it can avoid a run

March 10, 2023 10:56 AM EST

(Updated - March 10, 2023 10:57 AM EST)

Odeon Capital's Dick Bove weighs in on SVB Financial Group (NASDAQ: SIVB)

said he is "intrigued" by the preferred stock - assuming that some catastrophic event does not developdowngraded the common stock 15 months agoimmediate... More

SVB Financial Group (SIVB) Pulls Capital Raise, Explores Alternatives Including Possible Sale - WSJ

March 10, 2023 10:36 AM EST

SVB Financial Group (NASDAQ: SIVB) Pulls Capital Raise, Explores Alternatives Including Possible Sale - WSJ

SVB Financial Is Working With Centerview Partners, Sullivan & Cromwell... More

Comerica added to Citi's focus list despite slump in banking shares

March 10, 2023 10:25 AM EST

By Scott Kanowsky

Investing.com -- Analysts at Citi have placed Comerica Inc (NYSE: CMA) on its focus list, arguing that the Dallas-based lender's valuation presents a "compelling opportunity" despite a recent... More

SVB scrambles for options after stock sale failed-sources

March 10, 2023 10:09 AM EST

NEW YORK (Reuters) - SVB Financial Group Inc is urgently exploring all available options, including a sale of the technology-focused bank, after its bid to raise money through a stock sale failed in the wake of some of its clients withdrawing deposits, according to people familiar with the matter.

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SVB Financial Group (SIVB) Deposit Outflows Outpacing Sale Process - CNBC

March 10, 2023 9:36 AM EST

SVB Financial Group (NASDAQ: SIVB) Deposit Outflows Outpacing Sale Process - CNBC

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SVB Financial looking to sell itself after capital hike fails - CNBC

March 10, 2023 9:28 AM EST

By Geoffrey Smith

Investing.com -- SVB Financial Group (NASDAQ: SIVB) is looking for a buyer, after efforts to raise capital to fill the hole in its balance sheet failed, CNBC reported on Friday, citing people familiar with the... More

SVB Financial looks to sell itself - CNBC

March 10, 2023 9:13 AM EST

(Reuters) -Startup-focused lender SVB Financial Group is looking to sell itself after an attempt to raise capital through a stock sale failed, CNBC reported on Friday.

The bank was looking to raise more than $2 billion from investors to plug a hole in its balance sheet.

Shares of the... More