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SVB News

13 Apr 2023

TCS Shares Dip Nearly 2 % After March Quarter Earnings Announcement

Events like the fall of SVB and fears of a contagion have impacted client sentiments in North America and the banking, financial services and insurance sector in particular, leading to clients deferring spends, the Tata Group company said.

Silicon Valley Bank

14 Mar 2023

SVB Crisis: Will Collapse Of The US Bank Impact Indian Start-Ups And Banking?

SVB collapse predicts result in a long funding winter for the Indian startups. Many start-ups at their early and mid-level have been funded by the SVB’s incubation fund like Y-Combinator. Two days after the collapse of the Silicon Valley Bank, another US lender, Signature Bank was shut down on Sunday by the Federal Deposit Insurance Corporation (FDIC).

Silicon Valley Bank

13 Mar 2023

FDIC Nominated Fannie Mae's Former CEO, Tim Mayopoulos, To Lead SVB

Before joining fintech Blend, Mayopoulos spent more than six years as the CEO of mortgage financier Fannie Mae.

Rajeev Chandrashekhar

12 Mar 2023

MoS IT Chandrasekhar To Meet Start-Ups To Assess SVB Collapse Impact

Industry watchers expect a quick takeover of the bank as it has enough assets that can be liquidated to return money to the clients.

Silicon Valley Bank

12 Mar 2023

SVB Crisis: MoS Rajeev Chandrasekhar To Meet With Head Of Indian Startups

The SVB crisis is the largest bank failure in the US history since the financial crisis of 2008, whose ripple effects have been felt across the world.

11 Mar 2023

Here Are 5 Financial Crisis In Past That Shook The World

The Silicon Valley Bank (SVB) crisis has hit the US and global market badly with billions of dollars have been stranded across the world. The SVB had been shutdown by US authority after the technology-startups bank's stocks plunged drastically after facing liquidity crunch. Earlier, financial crisis grabbled the world's economies, causing wipe out of billions of dollars. Here are some prominent financial crisis of the past.

Silicon Valley Bank

11 Mar 2023

Silicon Valley Bank Becomes Largest Failure Since 2008 Financial Crisis

Companies such as video game maker Roblox Corp and streaming device maker Roku Inc said they had hundreds of millions of dollars in deposits at the bank. Roku said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading.

Silicon Valley Crisis

11 Mar 2023

Who Is Greg Becker, The CEO Of Failed Silicon Valley Bank (SVB)?

Becker, who served on the board of directors at the Federal Reserve Bank of San Francisco, departed the board effective Friday, a spokesperson for the regional Fed bank said. In January, Becker said the economic outlook was improving after a downbeat 2022.

Silicon Valley Bank

11 Mar 2023

The Silicon Valley Bank Crisis Hit US Badly; What Are Causes Of Disaster?

The Silicon Valley Bank (SVB) was known to be a major source of funding for technology startups when other options like Initial Public Offering (IPO) aren't available amid liquidity crunch.

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