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One of Sweden's top pension fund managers has been fired after it invested in collapsed US banks Silicon Valley and Signature. In a statement today, Alecta.
Propelled by the bankruptcy of Silicon Valley Bank's parent SVB Financial Group and other deals, U.S. bankruptcies jumped in March to the highest level in three years, in a sign of a cooling economy.
Tim Mayopoulos and Greg Carmichael were called up and sprang into action to calm panicked customers and employees.
Two lawmakers are asking Silicon Valley Bank depositors if their executives received personal perks from the bank. In a letter dated Sunday (April 9) and sent to the companies, Sen.
Democratic lawmakers sent letters to 14 of the largest depositors at Silicon Valley Bank, seeking details about the lender's "unusually cozy" relationships with its well-heeled clients.
There are stocks to buy and hold for decades as a wealth-building strategy. SVB Financial Group (OTCMKTS: SIVBQ ) stock definitely doesn't fall into that category.
What does the downfall of Silicon Valley Bank mean for the venture debt sector? It's a question asked by a Monday (April 10) report in The Wall Street Journal (WSJ) report, which noted that SVB had helped pioneer the crucial-for-startups venture debt field.
Jason Goldberg, Barclays managing director, joins 'Squawk Box' to discuss his thoughts on the upcoming bank earnings, the banking crisis, and more.
In March, Roku (NASDAQ: ROKU ) stock was in the spotlight, and not in a good way. The company announced that $487 million, or around 26% of its cash position, was in SVB Financial's (OTCMKTS: SIVBQ ) now-defunct Silicon Valley Bank subsidiary.
Silicon Valley Bank may have failed, but you can still buy shares in SVB Financial Group (OTCMKTS: SIVBQ ), its parent company. Trading in SVB Financial stock on the Nasdaq Exchange was suspended on March 10 following SVB's collapse.