Silicon Valley Bank shut by California regulator
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March 10, 2023 1:37 PM EST
Goldman Sachs Terminates Coverage on SVB Financial Group (NASDAQ: SIVB)
Analyst Ryan Nash comments "Effective immediately, we are dropping coverage on SVB Financial Group."
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March 10, 2023 1:12 PM EST
Stifel analyst Dae Gon Ha comments "Repercussions of the SVB fallout is dominating headlines and naturally, the majority of our covered companies being unprofitable, pre-commercial companies, stocks under our coverage universe are down sharply today. We have reached out to the respective management teams and are reassured that the impact could be, at least for now, less catastrophic. Of course,... More
March 10, 2023 12:08 PM EST
(Updated - March 10, 2023 12:51 PM EST)
In the latest update regarding the rapidly moving SVB Financial Group (NASDAQ: SIVB) saga, the Federal Deposit Insurance Corporation (FDIC) said Friday that SVB has been shut down by the California Department of Financial Protection and Innovation.
The regulator, which appointed the Federal Deposit Insurance Corporation as receiver, revealed that the FDIC created the Deposit Insurance National... More
