The banking industry has led the return to office charge for a while, and Silicon Valley Bank was an outlier in its commitment to something different.
: In the aftermath of the collapse of the 16th biggest bank in the country everyone is trying to understand what happened.
The executive team at SVB was spread out around the country, with CEO Greg Becker at times working from Hawaii,Yet, SVB included remote work as a risk to its business in its 2022 annual report — in part because of the IT issues posed when employees are dispersed around the country, but also for productivity reasons.
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Silicon Valley is working with Wall Street to buy some SVB assetsApollo Global Management was rebuffed by the FDIC when it first offered to buy Silicon Valley Bank’s loan book. Apollo still wants the loans — and it's working with some prominent VC firms to make it happen.
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SVB Financial Group, parent of Silicon Valley Bank, files for bankruptcy protectionSVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit that claims the company didn’t disclose the risks that future interest rate increases would have on its business.
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Misinformation Watch: Did Wokeness or Deregulation Cause Sil...Various sides of the media presented different conclusions on what caused SVB's failure. When that happens, misinformation can spread.
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Easy Loans, Great Service: Why Silicon Valley Loved Silicon Valley BankSilicon Valley Bank used financial sweeteners to attract clients, powering growth for decades—leaving the sector vulnerable when the bank collapsed
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Venture capitalists have never been more divided over SVB blameVenture capitalists have never been more divided, with accusations flying over who killed their beloved bank SVB. How long will the bad blood last?
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