Federal Deposit Insurance Corporation – Page 2

Silicon Valley Bank Ties to California First Partner Jennifer Newsom

March 12, 2023 10:14 amMarch 13, 2023 6:38 pm

Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, with the FDIC in charge of liquidation. SVB was one of the largest banks in the country and one of the premier banks of Venture Capital...

State Regulators Shut Down Silicon Valley Bank

March 10, 2023 12:46 pmMarch 10, 2023 12:46 pm

The California Department of Financial Protection and Innovation announced on Friday that the Silicon Valley Bank (SVB) would be shut down with the FDIC in charge of liquidation, officially ending one of the largest banks in the country and one...