Bloomberg Law
March 17, 2023, 8:17 PM

SVB Adds Surprise Twist for LA Tech on Stage: Bloomberg Deals

Katie Roof
Katie Roof
Bloomberg News

Hi, it’s Katie Roof in Los Angeles, where two tech conferences reveal what a difference a few days can make when a bank run follows. We also consider the latest on SVB Financial’s bankruptcy to $30 billion big banks deposited with First Republic.

Today’s top stories

  • Motive Partners and ACI Worldwide are talking about a deal.

  • UBS, Credit Suisse oppose idea of forced tie-up.

  • SVB Financial goes bankrupt, buying time to repay creditors.

  • Rippling solved its Silicon Valley Bank problem with a fast funding.

SVB before & after

It was a busy start to March for the Los Angeles tech community, ...