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7 Possible Causes of SVB Failure and Predicting the Impact on Regulatory Reporting

Perficient

Short Capital? SVB Financial had Tier 1 risk-based capital of 15.40% as of December 31, 2022, over 80% higher than the 8.50% regulatory required ratio. Including reserves, the parent company had Total risk-based capital of 16.18%, more than 50% higher than the required ratio of 10.50% for large banks. Tier 1 leverage 8.11

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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141
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Warren presses Capital One CEO for more details about breach

Payments Source

The Massachusetts senator asked Richard Fairbank in a letter why the bank didn’t detect the breach for nearly four months and how it plans to prevent future cyber intrusions.

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New Unemployment Claims Down 48K To 709K

PYMNTS

24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. and Alaska (6.1).

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The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms.

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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC.,

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Policygenius Notches $100M For InsurTech Growth

PYMNTS

as well as venture capital operations powered by Massachusetts Mutual Life Insurance Co., In separate news, insurance purchasing and management platform Huckleberry notched $18 million in a Series A funding round in December led by Tribe Capital, with participation from Crosslink Capital, Uncork Capital and Amaranthine.