Silicon Valley Bank – San Jose Inside

Analysts Warn of Pending Crisis in Commercial Real Estate Market

Barry Holtzclaw — Fri, 09 Jun 2023 18:17:03 +0000

The turmoil that drove Silicon Valley Bank and Signature Bank out of business, rocking the wider banking sector, has analysts bracing for the next possible crisis: the $20 trillion commercial real estate market.

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Silicon Valley Bank’s Ex-C.E.O. Is ‘Truly Sorry’ but Deflects Blame

Barry Holtzclaw — Thu, 18 May 2023 21:39:20 +0000

Senators derided SVB's former CEO Gregory Becker at a hearing about the reasons for the failure of his bank. “It sounds a lot like ‘my dog ate my homework,’” one said

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First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase

Barry Holtzclaw — Mon, 01 May 2023 15:15:07 +0000

As part of its deal, all 84 First Republic branches in eight states – including seven in Santa Clara County, 15 in San Francisco, six in San Mateo County, eight in the East Bay and 17 in Southern California – will reopen this morning as JPMorgan branches.

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Federal Regulators Prepare to Seize and Sell First Republic Bank

Barry Holtzclaw — Mon, 01 May 2023 03:53:14 +0000

A Sunday night deadline loomed as JPMorgan and PNC were said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.

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Smaller Banks Say Crisis Is Contained, but Fears Persist

Barry Holtzclaw — Mon, 24 Apr 2023 19:12:32 +0000

The April 21 downgrading of the credit ratings of 11 regional banks by Moody’s raised new doubts about their stability, while their leaders said the turmoil spurred by last month’s collapse of Silicon Valley Bank has passed.

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FDIC Says Agreement By SVB To Invest $11B in Communities Died with Bank

Barry Holtzclaw — Fri, 07 Apr 2023 20:16:54 +0000

The March 27 purchase by First Citizens Bancshares of all assets and liabilities of the failed Silicon Valley Bank did not include a community reinvestment pledge signed by SVB in 2021 as part of an acquisiton of Boston Private Bank.

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Senators Question Oversight, Regulators Blame Banks’ Poor Management

Barry Holtzclaw — Wed, 29 Mar 2023 16:07:43 +0000

Federal regulators blame banks' poor management, while U.S. Senators this week sharply questioned oversight after Silicon Valley Bank and Signature Bank failures rattled the financial system.

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Silicon Valley Bank’s Collapse Chills Start-Up Funding

Barry Holtzclaw — Tue, 28 Mar 2023 23:03:17 +0000

Two weeks after the bank failed, the fallout has hit the start-up market as investors pull back further.

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Silicon Valley Bank Branches Re-Open as First Citizens Bank

Barry Holtzclaw — Mon, 27 Mar 2023 16:16:27 +0000

The Federal Deposit Insurance Corporation, ending its search for a buyer of the failed Silicon Valley Bank, announced late Sunday a government-backed deal in which First Citizens Bancorp will buy the bank's loans and assets.

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Federal Reserve’s Repeated Warnings Were Not Enough to Save Silicon Valley Bank

Barry Holtzclaw — Mon, 20 Mar 2023 15:46:11 +0000

The picture that is emerging of SVB is one of a bank whose leaders failed to plan for a realistic future and neglected looming financial and operational problems, even as they were raised by Fed supervisors.

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