FDIC looks to sell SVB and Signature Bank securities portfolios
The FDIC says the two portfolios are worth around $27 billion (Signature Bank) and $87 billion (SVB).
The FDIC says the two portfolios are worth around $27 billion (Signature Bank) and $87 billion (SVB).
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The Series E values the firm at $11.25 billion, the same as the company’s Series D in May last year.
Subsidiaries SVB Securities and SVB Capital are not included in the filing and continue to operate.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Signature Bank is a large lender in the cryptosphere.
The Bank of England facilitated the deal over the weekend, in consultation with the Treasury.
CEO Johnny Ayers says the firm plans to invest in “new solutions, verticals, and strategic acquisitions”.
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
“2021 has been a challenging year for SMEs,” says MODIFI CEO.
Agreement will provide processing for SVB’s clients.
It will bring the total amount brought to the Irish market to $500m by 2024.
The firm saw its first deal with SVB in December 2017.
The bank has received a Canadian licence and opened an office in Toronto.
Plus top tips on raising capital.
Gets money from Silicon Valley Bank.
With wildly conflicting views from experts on the topic, and given that most of us had our first interaction with artificial intelligence whilst watching The Terminator, it isn’t hugely surprising that there is a fear of the rise of the robots.
Silicon Valley Bank (SVB) supplied the funds to the UK-based company.
Finastra has revealed its focus on the open innovation of smart technologies in banking, alongside artificial intelligence (AI), machine learning/deep learning.
Artificial intelligence (AI)-generated marketing campaign company Persado has unveiled a new product, along with a fresh $30 million credit facility to fuel further expansion.
Sherpa Foundry and Silicon Valley Bank (SVB) have joined forces to launch Silicon Foundry, a membership-based corporate innovation platform.