Since Silicon Valley Bank became the second-biggest failure in US history a year ago, other lenders have been trying to take its place in banking the fast-moving, entrepreneurial world of startups and tech companies. JPMorgan Chase & Co. and HSBC Holdings Plc have jumped into a market focused on small companies that could become the billion-dollar businesses of tomorrow. But these two giant upstarts on the San Francisco scene face stiff competition from a familiar name — Silicon Valley Bank itself, which lives on under the ownership of First Citizens Bancshares Inc.

SVB’s goal is to dominate startup land once again. Sure, it has a trust deficit to rebuild with venture capital firms and their companies, but its well-informed local bankers who are close to their industries give it an edge.

QOSHE - Jamie Dimon Has a Rival in Tech: Silicon Valley Bank - Paul J. Davies
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Jamie Dimon Has a Rival in Tech: Silicon Valley Bank

12 15
24.04.2024

Since Silicon Valley Bank became the second-biggest failure in US history a year ago, other lenders have been trying to take its place in banking the fast-moving, entrepreneurial world of........

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