Tag Archives: Silicon Valley Bank

Wolters Kluwer Compliance Solutions Leader ‘Reassured’ by Federal Response to Bank Runs

According to Timothy Burniston, a regulatory compliance expert at Wolters Kluwer Compliance Solutions, markets should be reassured by the response of federal regulators to maintain stability in the U.S. banking system in the wake of the collapse of Silicon Valley Bank and Signature Bank.

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.

Grove Collaborative Replaces Silicon Valley Bank Credit Facilities with New $72MM Term Loan

Grove Collaborative, a sustainable consumer products company, entered into a new loan and security agreement providing for a four-year, $72 million term loan. The loan agreement replaces Grove’s existing credit facilities with Silicon Valley Bank.