Silicon Valley Bank Related Content

2024 Monitor 100: Banks Pull Back From Equipment Finance

For the first time since GE Capital departed the Monitor 100 ranking, the No. 1 company in net assets and new business volume is not a bank. Nearly 60% of U.S. bank affiliates reduced their new business volume in 2023 marking the end of an equipment finance era.... read more

Underscoring Long-Term Value: 7 Tips To Defend The Bank-Based Equipment Finance Business Line

Many banks have pulled back from equipment finance over the last 18 months and this trend doesn’t show signs of stopping. Rick Remiker outlines seven methods to defend a bank-based equipment finance division in this uncertain environment.... read more

Financial Consultant Orynbayev Urges Regional Banks to Triple Investment in Digital Apps

Financial consultant Yerbol Orynbayev urges regional banks to triple their investment in digital apps to avoid another banking crisis. The intervention from the former World Bank governor follows reports that the number of weak U.S. banks rose to 52 in the last three months of 2023. read more

SVB Climate Tech Report: Fundraising Remains Steady

With 88% of global carbon emissions now covered by a net-zero goal, climate tech has outperformed and investors remain committed to the sector, according to a new report from Silicon Valley Bank (SVB), a division of First Citizens Bank. read more

What Does the Future Hold for Banks in Equipment Finance?

Rita Garwood

Banks have been steadily increasing their presence in equipment finance over the years via mergers and acquisitions and by hiring experienced leadership teams. When the Monitor 100 launched in 1992, U.S. bank affiliates contributed 17% of the ranking’s net assets.... read more

First Citizens Bank Announces New Leadership Structure for Wealth Organization

First Citizens Bank announced a new leadership structure for its wealth organization, as Michael Wilson is assuming additional responsibility for SVB Private, a private banking and wealth management business that came to First Citizens through its acquisition of Silicon Valley Bank. read more

First Citizens’ SVB Division Appoints New Heads of Global Payments & Digital Solutions

First Citizens Bank’s Silicon Valley Bank division named Martin Murrell head of global payments and Milton Santiago head of global digital solutions. read more

First Citizens Appoints Cadieux President of Silicon Valley Bank Commercial

First Citizens Bank appointed Marc Cadieux, a 30-year veteran of Silicon Valley Bank, president of Silicon Valley Bank's commercial banking business. Based in the California Bay Area, Cadieux will lead the SVB Commercial team of more than 1,000 bankers. read more

First Citizens Cuts Staff Brought Over in Silicon Valley Bank Acquisition

According to Axios, following its acquisition of Silicon Valley Bank out of FDIC receivership at the end of March, First Citizens Bank fired approximately 500 employees brought over as part of the acquisition this week. read more

First Citizens Claims HSBC’s Silicon Valley Bank Staffing Additions ‘Violated Federal Law’

Reuters reported that First Citizens Bank filed a lawsuit against HSBC after it hired “dozens” of former Silicon Valley Bank employees in April. According to Reuters, First Citizens is alleging that HSBC “violated federal law by hiring away the workers.” read more

First Citizens Bank Renews $14MM Credit Facility for Flux Power

Flux Power, a developer of lithium-ion energy storage solutions for the electrification of commercial and industrial equipment, renewed the available credit under its existing $14 million facility with First Citizens Bank. read more

HSBC Adds ‘Dozens’ of Former Silicon Valley Bank Employees to US Division

According to Reuters, David Sabow, the former head of technology and healthcare in North America for Silicon Valley Bank, is leading a team of “dozens” of former Silicon Valley Bank employees in joining HSBC’s U.S. division. read more

First Citizens Bank Acquires Silicon Valley Bank in Whole Bank Purchase

First Citizens Bank entered into an agreement with the Federal Deposit Insurance Corporation to purchase out of FDIC receivership substantially all loans and certain other assets and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank. read more

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

Kirby McInerney Files Class Action Lawsuit on Behalf of SVB Financial Investors

Kirby McInerney announced a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired SVB Financial Group securities during the period from June 16, 2021, through March 10, 2023. read more

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