Silicon Valley

IRS sues FDIC over Silicon Valley Bank’s $1.4 billion tax debt

By Dietrich Knauth (Reuters) – The U.S. Internal Revenue Service on Tuesday sued the Federal Deposit Insurance Corporation, asking a judge to determine how much the FDIC must pay to cover an…

February 13, 2024

Ex-Silicon Valley Bank startup banking chief joins law firm Orrick

By David Thomas (Reuters) – U.S. law firm Orrick, Herrington & Sutcliffe on Tuesday said it has hired the ex-head of startup banking at Silicon Valley Bank, which was a top lender…

December 5, 2023

Sam Altman’s return to OpenAI: tracking the Silicon Valley upheaval

(Reuters) -OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussions about the future of the startup at the center…

November 22, 2023

OpenAI appoints new boss as Sam Altman joins Microsoft in Silicon Valley twist

By Jeffrey Dastin, Anna Tong, Akash Sriram and Krystal Hu SAN FRANCISCO (Reuters) -OpenAI named ex-Twitch boss Emmett Shear as interim CEO, while outgoing chief Sam Altman moved to backer Microsoft, in…

November 21, 2023

FTC Chair Lina Khan looks for allies and leads in Silicon Valley charm offensive

By Krystal Hu and Greg Bensinger SAN FRANCISCO (Reuters) -Federal Trade Commission Chair Lina Khan found some cozy company over the course of a two-day trip through Silicon Valley this week as…

November 3, 2023

Silicon Valley Executive Sentenced For Defrauding Investors And Participating In Covid-19 And Allergy Testing Scheme

SAN JOSE – The president of a Silicon Valley-based medical technology company was sentenced today to eight years in prison and ordered to pay $24 million in restitution for participating in a…

October 18, 2023

Silicon Valley Executive Sentenced for Defrauding Investors and Participating in COVID-19 and Allergy Testing Scheme

The president of a Silicon Valley-based medical technology company was sentenced today to eight years in prison and ordered to pay $24 million in restitution for participating in a scheme to defraud…

October 18, 2023

Israel’s Netanyahu to visit Silicon Valley, New York next week

JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu will visit California’s Silicon Valley next week before traveling to New York for the U.N. General Assembly, his office said on Sunday. Netanyahu’s office…

September 10, 2023

Race towards ‘autonomous’ AI agents grips Silicon Valley

By Anna Tong and Jeffrey Dastin Around a decade after virtual assistants like Siri and Alexa burst onto the scene, a new wave of AI helpers with greater autonomy is raising the…

July 17, 2023

Silicon Valley startup SandboxAQ hired to beef up US military cyber security

By Jane Lanhee Lee OAKLAND, California (Reuters) – Artificial intelligence and quantum computing startup SandboxAQ on Tuesday said it has won a U.S. government contract for military cyber security in a deal…

June 27, 2023

US banking regulator seeks bids for Silicon Valley Bank’s German assets

(Reuters) -The U.S. banking regulator is seeking bids for the sale of collapsed Silicon Valley Bank’s German assets, according to a Thursday notice posted on its website. The U.S. Federal Deposit Insurance…

June 15, 2023

Fed, SEC probing Goldman Sachs’ role in Silicon Valley Bank’s final days – WSJ

(Reuters) -The U.S. Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sachs Group’s role in two deals with Silicon Valley Bank that preceded the latter’s collapse, the Wall Street…

June 15, 2023

G20 watchdog to study Silicon Valley Bank, Credit Suisse turmoil

By Huw Jones LONDON (Reuters) – How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair…

June 1, 2023

HSBC to rename British arm of Silicon Valley Bank next month- Sky News

(Reuters) – HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday. The British government and…

May 29, 2023

Cayman Islands regulator explores legal options after Silicon Valley Bank deposit seizure – WSJ

(Reuters) – The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the U.S. Federal Deposit Insurance Corp seized deposits held at Silicon Valley Bank’s branch in the territory, the Wall…

May 24, 2023

Silicon Valley Is Using Ukraine As A Proving Ground For Cutting-Edge Defense Tech

Silicon Valley Is Using Ukraine As A Proving Ground For Cutting-Edge Defense Tech Micaela Burrow on May 22, 2023 Tech startups are looking to Ukraine as a testing site for their cutting-edge…

May 22, 2023

Applied Materials to invest $4 billion in Silicon Valley chip research center

By Jane Lanhee Lee and Stephen Nellis SANTA CLARA, California (Reuters) -U.S. semiconductor toolmaker Applied Materials Inc on Monday said it plans to spend up to $4 billion on a research center…

May 22, 2023

First Citizens sues HSBC for hiring away Silicon Valley Bank staff

By Daniel Wiessner (Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed…

May 22, 2023

‘Bone-Deep Down To The Marrow Stupid’: Sen. Kennedy Grills Silicon Valley Bank CEO On Collapse

‘Bone-Deep Down To The Marrow Stupid’: Sen. Kennedy Grills Silicon Valley Bank CEO On Collapse Jason Cohen on May 16, 2023 Republican Louisiana Sen. John Kennedy confronted former Silicon Valley Bank (SVB)…

May 16, 2023

Ex-Silicon Valley Bank CEO defends record, regulators vow tougher supervision

By Hannah Lang, Tatiana Bautzer, Pete Schroeder and Ann Saphir WASHINGTON/NEW YORK (Reuters) – The former chief executive of Silicon Valley Bank defended the U.S. lender’s efforts to manage risk in his…

May 16, 2023

Former Silicon Valley Bank CEO says rate hikes, withdrawals sank firm

By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Greg Becker, former CEO of failed lender Silicon Valley Bank, apologized in congressional testimony for its “devastating” collapse while citing rising interest rates and…

May 15, 2023

Who is Greg Becker, the former head of failed Silicon Valley Bank?

By Hannah Lang (Reuters) – Greg Becker, the former chief executive officer of Silicon Valley Bank, is set to appear before the U.S. Congress on Tuesday, two months after the collapse of…

May 15, 2023

Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million

By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche…

May 15, 2023

Fed’s Bowman calls for external review of Silicon Valley Bank oversight

By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said Friday that the central bank should hire an outside party to further examine the events that led to the abrupt…

May 12, 2023

First Citizens BancShares records $9.8 billion gain from Silicon Valley Bank purchase

(Reuters) – First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its acquisition of failed lender Silicon Valley Bank in March. The windfall helped…

May 10, 2023

IRS sues FDIC over Silicon Valley Bank’s $1.4 billion tax debt

Ex-Silicon Valley Bank startup banking chief joins law firm Orrick

Sam Altman’s return to OpenAI: tracking the Silicon Valley upheaval

OpenAI appoints new boss as Sam Altman joins Microsoft in Silicon Valley twist

FTC Chair Lina Khan looks for allies and leads in Silicon Valley charm offensive

Silicon Valley Executive Sentenced For Defrauding Investors And Participating In Covid-19 And Allergy Testing Scheme

Silicon Valley Executive Sentenced for Defrauding Investors and Participating in COVID-19 and Allergy Testing Scheme

Israel’s Netanyahu to visit Silicon Valley, New York next week

Race towards ‘autonomous’ AI agents grips Silicon Valley

Silicon Valley startup SandboxAQ hired to beef up US military cyber security

US banking regulator seeks bids for Silicon Valley Bank’s German assets

Fed, SEC probing Goldman Sachs’ role in Silicon Valley Bank’s final days – WSJ

G20 watchdog to study Silicon Valley Bank, Credit Suisse turmoil

HSBC to rename British arm of Silicon Valley Bank next month- Sky News

Cayman Islands regulator explores legal options after Silicon Valley Bank deposit seizure – WSJ

Applied Materials to invest $4 billion in Silicon Valley chip research center

First Citizens sues HSBC for hiring away Silicon Valley Bank staff

Ex-Silicon Valley Bank CEO defends record, regulators vow tougher supervision

Former Silicon Valley Bank CEO says rate hikes, withdrawals sank firm

Who is Greg Becker, the former head of failed Silicon Valley Bank?

Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million

Fed’s Bowman calls for external review of Silicon Valley Bank oversight

First Citizens BancShares records $9.8 billion gain from Silicon Valley Bank purchase

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