With much of what once was Silicon Valley Bank falling into the hands of Raleigh, North Carolina-based First Citizens BancShares, it is...

Commercial leases often require tenants to deliver letters of credit instead of cash security deposits. This practice reflects the belief that an L/C gives...

First Citizens Bank, a North Carolina-based bank, is set to acquire Silicon Valley Bank's deposits and loans following the latter's collapse in March 2023....

The deal includes the purchase of approximately $72 billion in loans at a discount of about $16.5 billion, along with the transfer of all...

First Citizens BancShares has agreed to buy the loans and deposits of the failed Silicon Valley Bank — the preeminent bank for tech...

A top Coinbase researcher thinks the recent US banking crisis reinforces the value of blockchain and cryptocurrency technology. David Duong, the head of institutional research...

On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly...

The third biggest retail bank to fail in the United States, Signature, has been sold to Flagstar Bank, a wholly owned subsidiary of the New...

On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern...

CoinDesk | Aoyon Ashraf | Mar 16, 2023 Image: CNBC/FastMoney, Diamond Standard Sales of tokenized diamonds surged 300% last weekend, when three banks collapsed and investors...

Article prepared by and republished courtesy of our colleagues Richard Marks, Kevin Criddle, Curtis Mo, and Jeffrey Lehrer; originally published here: https://www.dlapiper.com/en/insights/publications/2023/03/applying-the-lessons-of-the-svb-and-signature-bank-failures The failures of Silicon...

Superintendent of Financial Institutions took further action on the Silicon Valley Bank Canadian Branch OSFI Release | March 15, 2023 The Superintendent of Financial...