SVB Loans, Deposits Shrank in Q4

Silicon Valley Bank recorded lower deposits and loans in the fourth quarter of last year as the nation’s innovation economy continues to suffer under the weight of higher interest rates and investor expectations.

Mass. Startups Rethink Banking Relationships

Silicon Valley Bank’s March collapse may have vanished from the headlines, but the resulting dust is far from settled as its successor and a prominent local bank jockey for the opportunity to serve Massachusetts’ tech and biotech startups.

CEO Pay in Focus as Failed Bank Heads Testify

The recent failures of a trio of midsize banks has once again raised questions about whether senior executives in the U.S. are being rewarded more for short-term gains – like rising stock prices – than for ensuring their companies’ long-term health.

Asheville, TN, USA-11 April 2021: A large, monolithic sign identifying the First Citizens Bank in downtown.

First Citizens Reports SVB Deposit Flight Tapered Off

In addition to a $10 billion windfall that came with its acquisition of the failed Silicon Valley Bank in March, First Citizens Bank’s first-quarter earnings call Wednesday morning offered an even more important sign the deal will pay off.