Tags: Svb financial

The former Silicon Valley Bank holding company needs access to the bank‘s FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.

The bank did not provide reliable and consistent data, said Maria Vullo, a former superintendent of the New York State Department of Financial Services.

Crypto might have a banking problem, but banks don’t have a crypto problem.

SVB Financial Group appointed a restructuring committee for its venture capital and investment banking arm.

The Fed‘s aggressive rate hikes and balance sheet reduction have caused a historic bank failure — fashioning a real-time ad for Bitcoin self-custody, observers said.

Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank‘s collapse.