Silicon Valley Bank

Capitolis, a fintech company serving banks and financial institutions, raises $220 million in financing, including a $120 million Series E equity round at a $1.9 billion valuation. Existing investor Citi leads the equity round, joined by new strategic investors Bank of America, Nomura and Tradeweb Markets, while First Citizens Innovation Banking, Hercules Capital and Pinegrove Venture Partners provide debt financing. Most of the funds support Capitolis’ acquisition of eSecLending, which adds securities lending to its financial resource optimization platform.

Oct 2026 · CTechNews article

Silicon Valley Bank fails after its plans to raise capital and sell assets trigger depositor fears and withdrawals. Rising interest rates reduce the value of its low-yield Treasury holdings as venture funding slows, while startups and investors move deposits amid bank-run concerns. The FDIC takes control, and the crisis also affects Circle’s USDC reserves and Signature Bank.

Mar 2023 · TechCrunchNews article

Silicon Valley Bank CEO Tim Mayopoulos tells clients the bank is open and conducting business as usual. He says new and existing deposits are protected by the FDIC at the newly created Silicon Valley Bank, N.A., a bridge bank operated by the FDIC after it transferred the former bank’s deposits and assets. Unprocessed wire payments entered on March 9 or 10 are canceled and must be reinitiated.

Mar 2023 · TechCrunchNews article

Some Silicon Valley Bank (SVB) customers report difficulty transferring funds after the bank discloses a $1.8 billion loss on sales of U.S. Treasuries and mortgage-backed securities. Customers describe intermittent website and phone access and view-only account controls as investors advise portfolio companies to withdraw or diversify deposits. CEO Greg Becker tells clients the bank has ample liquidity and urges them to stay calm.

Mar 2023 · TechCrunchNews article