RESEARCH TRIANGLE PARK – Silicon Valley Bank, once a primary source of funding for startups and loans to the venture capital industry, is making loans again in that sector following its acquisition by Raleigh-based First Citizens Bank. In an WSJ newsletter, SVB’s pace of lending is not good for the startup and venture sector. “Fewer companies are able to clear that key underwriting bar—do you still have the support of venture investors behind you,” he said. Read more online (subscription required):https://www.wsj.com/articles/silicon-valley-bank-gets-back-to-lending-albeit-at-slower-pace-88e65b28First Citizens acquired SVB in March after it had been seized by federal regulators. More Silicon Valley Bank news

Source: Wall Street Journal July 05, 2023 19:40 UTC