News Topic: SVB Financial
Search Results
Shareholder amplifies concerns about sale price in Boston Private deal
The investment fund HoldCo Asset Management said the $900 million price tag of the agreement with SVB Financial Group “substantially undervalues” Boston Private Financial Holdings. ... Read full article
SVB Financial releases reserves, citing venture capital rebound
The company's Silicon Valley Bank unit reduced its loan-loss cushion by $52 million. Private-equity and VC clients have warmed to the practice of doing deals virtually, which increases lending opportunities, SVB executives said. ... Read full article
Silicon Valley Bank targets Denmark, where lenders don't need licenses
A California bank with deep ties to the U.S. venture capital industry is targeting Denmark for growth, as a lack of regulatory constraints on lending make the country a preferred destination in Scandinavia. ... Read full article
SVB Financial's big bet on China
The parent of Silicon Valley Bank is as bullish as Citi on the growth potential in China, despite the trade war. SVB's focus on early-stage startups is boosting its profits from Asia. ... Read full article
Silicon Valley Bank pays $250,000 per employee, tops in the U.S.
Silicon Valley, better known for hot tech start-ups and venture capital firms, is also home to the highest-paying public bank in the U.S. ... Read full article
SVB Financial's large loans to PE, VC firms rise 48%
The parent company of Silicon Valley Bank predicted a strong year, saying the high-tech and other niches it serves are built to withstand current economic uncertainty. ... Read full article
Booming tech sector spurs spike in SVB profit
The California company also benefited from higher interest rates and double-digit loan growth. ... Read full article
Silicon Valley Bank to open office in Germany with Deutsche alumna
Silicon Valley Bank expects to receive a banking license from Germany's Federal Financial Supervisory Authority by the end of May and to open its first German location in Frankfurt in the coming weeks. ... Read full article
SVB is riding the tech wave to record profits. Can it last?
Equity warrants. Capital calls. Off-balance-sheet accounts. SVB's unusual business model thrives on financing rainmakers and cutting-edge firms, but old-school issues like overconcentration, unpredictable fee income and stock market swings lurk in the ... Read full article
Venture capital wave lifts profits at SVB
A 20% increase in lending, largely to players in the tech industry, helped the California company offset a one-time loss tied to an investment in the streaming company Roku. ... Read full article
SVB's profits jump on stronger venture lending, wider margins
Earnings at the Santa Clara, Calif., company were boosted by a 16% increase in lending, as well as gains on the company's investments in Roku. ... Read full article
Shared office space becomes marketing hook for banks
A number of banks, especially those with extra real estate on their hands, are trying to capitalize on the co-working craze to appeal to fledgling companies that could become success stories — and their customers. ... Read full article
Time to address banks’ skepticism about data sharing
An ex-regulator’s stern warning about the risks of sharing consumer information with fintechs has prompted debate over common security standards for banks and nonbanks, better data tracking and new liability insurance products. ... Read full article
How banks can herd ‘unicorn’ clients
Tech startups differ from a bank’s typical commercial clients; many want a trusted financial adviser. ... Read full article
Silicon Valley profits jump on 16% loan growth
Quarterly results at the Santa Clara, Calif., company got a boost from stronger lending to venture capital and private-equity firms. ... Read full article
Silicon Valley Bank CFO promoted to president
The bank also announced that it has recruited a BancWest executive to replace Michael Descheneaux as CFO. ... Read full article
Ohio banks team up to form fintech accelerator
Fifth Third, Huntington Bancshares and KeyCorp are among the companies backing an effort to bring startups to the Buckeye State. ... Read full article
First Data joins SVB's fintech accelerator
First Data is teaming up with the bank to deepen the pool of knowledge and connections from which startups in the program can benefit. ... Read full article
Data aggregation’s new frontier: Lending decisions
Personal financial management tools have long relied on financial data aggregation. Now, aggregators are hoping traditional lenders will take a cue from alternative lenders and use the technology to quicken their underwriting decisions. ... Read full article
