Displaying 33 results
Lenders announce merger as shockwaves from SVB collapse rumble on
Two California-based banks reach agreement.
FDIC hit with $1.9 billion suit from SVB Financial
The parent of failed Silicon Valley Bank is chasing cash held by the regulator.
Justice Department and SEC probe Goldman role in SVB
Regulators are looking at Goldman Sachs' role in Silicon Valley Bank's efforts to raise funds shortly before it collapsed in March.
ESG could have saved Silicon Valley Bank
One of the nation’s largest banks experienced a series of governance lapses that resulted in the mismanagement of interest-rate risk.
Many Americans worrying their money in the bank isn’t safe
48% of Americans are very or moderately worried about their money following the worst spate of bank failures in 15 years, according to a Gallup poll.
RBC nabs two First Republic advisors who manage $555 million
Brian Addington will join the firm’s San Francisco office, while Theresa Allen is joining its Newport Beach, California, office.
Fidelity sees shifting dynamics among RIA buyers and sellers
Private equity is still hungry for access to wealth management and smaller firms are fine-tuning their pursuit of scale.
Schwab faces fresh risks in the zero-fee world
Schwab's stock plunged 33% in March, in its worst month since 1987, and investors will be looking for signs of the firm's longer-term prognosis when it reports Q1 earnings Monday.
First Citizens grabs SVB wealth unit as part of broader deal
The addition of SVB Wealth, which has close to $16 billion in client assets, will help First Citizens expand in the California market.
First Citizens to buy Silicon Valley Bank after run on lender
The deal transforms North Carolina-based First Citizens into one of the top 15 U.S. banks, as it buys about $72 billion of SVB's assets at a discount of $16.5 billion.
Look before leaping onto platforms offering elevated FDIC-insured deposits
Fintech firms are falling over themselves to court cash deposits, with both Betterment and SoFi announcing expanded FDIC coverage over the past week.
FDIC moves bid deadline for Silicon Valley Private Bank to Friday
Bids are also still due Friday for the so-called bridge bank that the FDIC set up this month to seize the assets and liabilities of Silicon Valley Bank.
Federal Reserve raises interest rates by a quarter percentage point
It’s the second straight rise of 25 basis points following a string of aggressive moves starting in March 2022, when rates were near zero.
As dust settles on banking sector, some analysts believe worst is over
Recent flows into mutual funds and ETFs suggest that investors are already scooping up beaten down bank stocks.
FDIC extends bidding for Silicon Valley Bank
The regulator said that it's seen 'substantial interest' from multiple potential buyers.
Advisors already know SVB’s lesson
The truth — which long-time advisors know all too well — is that prudent risk management is rarely a crowd-pleaser before a crisis hits.
Bitcoin enjoys 32% rally in wake of banking crisis
As crypto takes center stage, the Digital Asset Council of Financial Professionals announces it's rolling out an expanded version of its certification for blockchain and digital assets.
First Republic’s cloudy future puts wealth management on notice
The bank has been a significant destination for wirehouse advisors looking for a smaller firm, but its problems over the past week are likely to limit its recruiting.
SVB Financial Group files for bankruptcy
Silicon Valley Bank's parent company filed for Chapter 11 after the bank was placed in FDIC receivership last week.
Silicon Valley Bank wealth management sale could be quick
There are rumors that several large, well-known aggregators of RIAs are circling SVB Private and its $17 billion in assets.
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