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Silicon Valley Bank: crash leaves start-ups vulnerable to takeovers

Silicon Valley Bank taken over by regulators following $42bn of withdrawals. Opportunities for well-funded tech companies to buy distressed start-ups, Jefferies offering to buy deposits at 70 cents on the dollar, SVB loan book valued at $74bn.

1 min read
  • Silicon Valley Bank taken over by regulators following $42bn of withdrawals.
  • 10,000 small businesses each with over $250,000 in deposits banked solely with SVB.
  • Jefferies reportedly offering to buy deposits at 70 cents on the dollar.
  • Well-funded tech companies may spot an opportunity to buy distressed start-ups.
  • SVB loan book valued at $74bn last year, net charge-offs at 0.10%.
Silicon Valley Bank: crash leaves start-ups vulnerable to takeovers
Buying distressed start-ups and sweeping up fleeing SVB customers are just some of the potential opportunities
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