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The disclosure comes days after the company agreed to sell its investment banking division, SVB Securities, to a group led by the segment's chief executive officer. SVB Financial had collapsed into bankruptcy after former unit Silicon Valley Bank's failure in March triggered the worst U.S. banking crisis in 15 years. U.S. regulators had to step in to backstop a deal for regional lender First Citizens BancShares to buy the failed Silicon Valley Bank.

Bengaluru (Karnataka) [India], May 4 (ANI/PRNewswire): Bluevine, a leading provider of innovative small business banking solutions in the U.S. has now launched its legal entity in India called Bluevine India Private Limited. The company's India office in Bengaluru will aid in expanding Bluevine's global footprint with intuitive, end-to-end banking products tailored to the needs of small businesses. The growth functions in India will be product management, risk operations, loan application processing and customer support amongst others. Speaking at the official launch, Eyal Lifshitz, Fo...

The parent company of Silicon Valley Bank is restructuring. The bank itself is still being run by the FDIC.

SVB Financial Group no longer owns Silicon Valley Bank, but tech financiers are already looking to reinvest in SVB despite the bank run they caused.

San Jose (California) [US], October 4 (ANI/PRNewswire): Automation Anywhere, Inc., a global leader in Robotic Process Automation (RPA), announced today that it is has secured USD 200 million in financing from Silicon Valley Bank, SVB Capital, and Hercules Capital, Inc. (NYSE: HTGC). The financing is intended to provide operational and strategic capital for the next several years. "We continue to be optimistic about the near-term opportunities for Automation Anywhere, as more companies scale automation and use the flexibility of our cloud platform to mitigate the impact of global events an...