SVB

Wolters Kluwer Compliance Solutions shares insights in response to Silicon Valley Bank and Signature Bank collapse

Retrieved on: 
Tuesday, March 21, 2023
Consulting, Banking, Professional Services, Finance, Federal Deposit Insurance Corporation, FCC, Federal, Senior advisor, Silicon Valley Bank, Risk management, Signature, Attention, Burniston, Wolters, Credit Suisse, Silicon, Acquisition, Federal Reserve, SVB, UBS, Federation, Signature Bank, First Republic Bank, Bank, Cryptocurrency

That’s according to a senior regulatory compliance expert at Wolters Kluwer Compliance Solutions .

Key Points: 
  • That’s according to a senior regulatory compliance expert at Wolters Kluwer Compliance Solutions .
  • “Identifying the root causes leading to the collapse of Silicon Valley Bank and Signature Bank is still very much a work in progress.
  • Significant, meaningful efforts are underway in the federal government to comprehensively investigate and review these failures and help avert additional problems,” said Timothy Burniston , Senior Advisor, Regulatory Strategy for Wolters Kluwer Compliance Solutions.
  • Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against SVB Financial Group (SIVB, SIVBP)

Retrieved on: 
Tuesday, March 21, 2023
Class Action Lawsuit, Professional Services, Legal, Federal Deposit Insurance Corporation, The Wall Street Journal, Telephone, Justice minister, Silicon Valley Bank, Law, Federal, Sale, Complaint, Suite, Silicon, Steam, SVB, Investment, Defendant, Court, Security (finance), Bank, Environment, News, United States Justice Department investigation into attempts to overturn the 2020 presidential election, Treasury, SIVB, Cryptocurrency

Investors suffering losses on their SVB investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .

Key Points: 
  • Investors suffering losses on their SVB investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .
  • The Company had taken these actions to “strengthen [its] financial position” after “client cash burn .
  • In a single day, investors and depositors attempted to pull $42 billion from the Bank.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Sumsub releases Travel Rule guide to help crypto businesses solve the compliance puzzle

Retrieved on: 
Tuesday, March 21, 2023
Professional Services, Business, Cryptocurrency, Finance, Asset Management, Fintech, Banking, Crypto, Checklist, The Complete Guide to Everything, KYB, KYC/AML, Risk management, Multimedia, KYT, Credit Suisse, VASP, AML, Acquisition, Ena/Vasp homology proteins, SVB, UBS, FATF, Travel, KYC, EU, Signature

View the full release here: https://www.businesswire.com/news/home/20230321005107/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230321005107/en/
    Sumsub releases Travel Rule guide to help crypto businesses solve the compliance puzzle.
  • (Graphic: Business Wire)
    The Complete Guide to the Crypto Travel Rule (2023) was prepared by Sumsub’s compliance team to provide an overview of the regulatory landscape regarding the Travel Rule.
  • It offers insights on how Travel Rule regulations are developing worldwide and how to build the process of Travel Rule verification to ensure compliance.
  • Prior to releasing this guide, Sumsub launched its Travel Rule solution for the crypto industry, offering a full compliance toolkit for the whole customer lifecycle.

AUTONOMIC launches Fellowship Program for founders and their teams who have been impacted by the Silicon Valley Bank failure

Retrieved on: 
Tuesday, March 21, 2023
Uncertainty, Silicon, Silicon Valley Bank, Research, SVB, Multimedia, Mobile phone, Cryptocurrency, Online shopping, Autonomic

The fellowship program is designed specifically to support founders and their teams manage stress and optimize overall brain performance during this turbulent time.

Key Points: 
  • The fellowship program is designed specifically to support founders and their teams manage stress and optimize overall brain performance during this turbulent time.
  • "Under the current circumstances with Silicon Valley Bank (SVB) founders need to come together and support one another in the ways we best know how.
  • The fellowship program is open to founders from all industries and backgrounds who have been impacted by the (SVB) failure.
  • For more information about the fellowship program, including eligibility requirements and application details, visit Autonomic's website at www.getautonomic.com/fellowship
    View original content to download multimedia: https://www.prnewswire.com/news-releases/autonomic-launches-fellowship-p...

Jianpu Technology Inc. Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

Retrieved on: 
Tuesday, March 21, 2023
Operating cost, Insurance, Federal Deposit Insurance Corporation, Maintenance, Marketing, COVID-19, California Department, Structure of the Federal Reserve System, Silicon Valley Bank, ChatGPT, FDIC, Innovation, Finance, RMB, Public expenditure, Net, Silicon, Treasury, United States Department of the Treasury, EBITDA, California Department of Financial Protection and Innovation, Acquisition, JT, SVB, Investment, Average cost, Consumer Financial Protection Safety and Soundness Improvement Act of 2013, Artificial intelligence, Growth, Depreciation, Research, ROI, Asset, Credit, NYSE, Federal Reserve, Cryptocurrency, Video game, Pharmaceutical industry, Bank, Numbered musical notation

BEIJING, March 21, 2023 /PRNewswire/ -- Jianpu Technology Inc. ("Jianpu," or the "Company") (NYSE: JT), a leading independent open platform for the discovery and recommendation of financial products in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.

Key Points: 
  • BEIJING, March 21, 2023 /PRNewswire/ -- Jianpu Technology Inc. ("Jianpu," or the "Company") (NYSE: JT), a leading independent open platform for the discovery and recommendation of financial products in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.
  • Operating loss margin was 11.9% in the fourth quarter of 2022, compared with 24.6% in the same period of 2021.
  • Net loss margin was 8.1% in the fourth quarter of 2022, compared with 19.4% in the same period of 2021.
  • Non-GAAP adjusted net loss margin[2] was 11.2% in the fourth quarter of 2022, compared with 18.4% in the same period of 2021.

FIRST REPUBLIC ALERT: Bragar Eagel & Squire, P.C. is Investigating First Republic Bank on Behalf of First Republic Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, March 21, 2023
Class Action Lawsuit, Professional Services, Legal, Telephone, Panic, First Republic, Pressure, P.C, Silicon, Silicon Valley Bank, Jeanne Eagels (film), First Republic Bank, Signature Bank, FRC, SVB, NYSE, News, Silvergate Bank, Bank

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against First Republic Bank (“First Republic” or the “Company”) (NYSE: FRC) on behalf of First Republic stockholders.

Key Points: 
  • Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against First Republic Bank (“First Republic” or the “Company”) (NYSE: FRC) on behalf of First Republic stockholders.
  • Our investigation concerns whether First Republic has violated the federal securities laws and/or engaged in other unlawful business practices.
  • On March 13, 2023, following the collapse of Silicon Valley Bank, Silvergate Bank, and Signature Bank, First Republic led a wave of declining bank share prices, based on liquidity concerns.
  • Downgrading First Republic’s shares, Raymond James wrote: “Despite the added liquidity sources, we believe deposit balances will remain under pressure in the immediate near term.

TDb Split Corp. Regular Monthly Dividend Declaration for Priority Equity Share

Retrieved on: 
Monday, March 20, 2023
Toronto-Dominion Bank, TDB, Silicon Valley Bank, SVB, Class B share, TD, Security (finance)

TORONTO, March 20, 2023 (GLOBE NEWSWIRE) -- TDb Split Corp. ("TDb Split") declares its regular monthly distribution of $0.04375 for each Priority Equity share ($0.525 annually).

Key Points: 
  • TORONTO, March 20, 2023 (GLOBE NEWSWIRE) -- TDb Split Corp. ("TDb Split") declares its regular monthly distribution of $0.04375 for each Priority Equity share ($0.525 annually).
  • TDb Split’s investment portfolio is continually rebalanced and adjusted based on market conditions to provide both security for Priority Equity shareholders and upside potential for Class A shareholders.
  • TDb Split may buy or sell additional shares of TD Bank, the permitted repayment securities, and/or option positions based on market conditions in accordance with the Priority Equity Portfolio Protection Plan.
  • TDb Split invests in common shares of Toronto-Dominion Bank, a leading Canadian Financial institution.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of First Republic Bank - FRC

Retrieved on: 
Monday, March 20, 2023
Panic, Pressure, LLP, First Republic, Silicon Valley Bank, Silicon, SVB, Pomerantz, First Republic Bank, Signature Bank, News, NYSE, Silvergate Bank, Cryptocurrency

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of First Republic Bank (“First Republic” or the “Company”) (NYSE: FRC).

Key Points: 
  • NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of First Republic Bank (“First Republic” or the “Company”) (NYSE: FRC).
  • The investigation concerns whether First Republic and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On March 13, 2023, following the collapse of Silicon Valley Bank, Silvergate Bank, and Signature Bank, First Republic led a wave of declining bank share prices, based on liquidity concerns.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SVB Financial Group - SIVB

Retrieved on: 
Monday, March 20, 2023
Federal Deposit Insurance Corporation, LLP, IPO, California Department, Innovation, Sale, Business Insider, California Department of Financial Protection and Innovation, SVB, Bank, General Atlantic, Pomerantz, Silicon, News, SIVB, Cryptocurrency

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of SVB Financial Group (“SVB” or the “Company”) (NASDAQ: SIVB).

Key Points: 
  • NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of SVB Financial Group (“SVB” or the “Company”) (NASDAQ: SIVB).
  • The investigation concerns whether SVB and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Specifically, the Bank disclosed that it would incur a loss of $1.8 billion on the sale of $21 billion worth of securities.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SLR Investment Corp. Issues Letter to Stakeholders

Retrieved on: 
Monday, March 20, 2023
External commercial borrowing, Silicon Valley Bank, SLR, Silicon, SVB, Risk, Weather, Letter, SLRC, Signature Bank, Environment, Cryptocurrency, Risk management, Credit, Bank, Financial services, Security (finance)

SLR Investment Corp. currently believes the issues at SVB and SBNY will not have a significant impact to its operations following the Company’s thorough review.

Key Points: 
  • SLR Investment Corp. currently believes the issues at SVB and SBNY will not have a significant impact to its operations following the Company’s thorough review.
  • Outlined below are the key takeaways from the Company’s analysis of the Company’s risk exposures related to SVB and SBNY, which was conducted in collaboration with its investment advisor, SLR Capital Partners, LLC (“SLR”).
  • Based on these ongoing discussions, SLR is not aware of any SLRC borrowers that have faced material issues to date as a result of the bank issues.
  • Michael Gross & Bruce Spohler, Co-Chief Executive Officers of SLR Investment Corp. and Co-founders of SLR Capital Partners, LLC