Archive for March 2023
After SVB, Signature Bank failures, banks and regulators face high-stakes challenges
What happens now after the failure of Silicon Valley Bank and Signature Bank? Experts predict more short-term pain for banks, a renewed push at regulations and a surge of lawsuits. Read More
Read MoreGinkgo Bioworks’ biggest acquisition has $74M tied up in SVB
Ginkgo has $74 million in the recently failed Silicon Valley Bank, all of it inherited from an acquisition last year on which it spent $300 million. Read More
Read MoreRising from the margins: How Latino entrepreneurs are redefining American business
To promote more inclusive and equitable entrepreneurship, the SOLE project is working to amplify the voices of Hispanic entrepreneurs and provide recommendations for how to support and promote their success. Read More
Read MoreFirst Republic Bank, Bridge Bank’s parent slammed on Wall Street
The drops come amid investor fears of a ripple effect from the failure of Silicon Valley Bank. Read More
Read MoreBest Buy furniture store Yardbird to open first Boston-area store
Best Buy will soon open the first Boston-area location of its outdoor furniture company, Yardbird. The company carefully considered where to open, including polling local shoppers who’d bought products at Yardbird online. Read More
Read MoreSmaller banks in Mass. have a unique safeguard for their deposits
SVB’s failure is worrying many, but customers of Massachusetts-chartered savings and co-operative banks have additional protection: The Bay State has a unique program that insures a customer’s total deposit beyond the FDIC limit. Read More
Read MoreBoston real estate investor raises $225M for grocery property growth plans
The Boston real estate investment firm Longpoint Realty Partners has raised $225 million to expand its holdings in grocery-anchored shopping centers. Read More
Read MoreSilicon Valley Bank collapse: Here are the latest developments
No bank has stepped up — yet — to take over Silicon Valley Bank’s assets. SVB’s problems go global. And a stock sale by SVB’s CEO draws criticism. Read More
Read MoreFeds say all deposits at Silicon Valley Bank will be protected
Treasury Secretary Janet Yellen, Fed Chair Jerome Powell and FDIC Chairman Martin J. Gruenberg made the announcement Sunday. Read More
Read MoreModerna to hire up to 220 workers for new Seattle office
Moderna said the Seattle office will focus on tech solutions like artificial intelligence and cloud-based tools. Read More
Read More