As SVB tanks, banks look to deposit diversification, data, tech
SVB’s fintech client base included Affirm and Melio
Silicon Valley Bank was taken over by regulators today following a week of abnormality that included a sale of securities on Wednesday, capital raising efforts on Thursday and a stock plummet of nearly 70% this morning. “The California Department of Financial Protection and Innovation (DFPI) announced today that, pursuant to California Financial Code section 592, […]
