SVB Financial Group, the bankrupt former owner of Silicon Valley Bank, said its chief executive officer and chief financial officer have resigned, more than a month after the lender collapsed into receivership.

A key financial oversight council chaired by Treasury Secretary Janet Yellen is aiming to tighten rules on risk assessment and for nonbank companies after the high-profile Silicon Valley Bank and Signature Bank failures last month.

The Federal Reserve may close a loophole that allows some midsize banks to effectively mask losses on securities they hold, a contributing factor in the collapse of Silicon Valley Bank.

Metropolitan Commercial Bank is nearing completion of its exit from the cryptocurrency market, with only $278.5 million in crypto-related deposits remaining. The bank's parent company, Metropolitan Bank Holding, announced the termination of crypto-related services in January due to recent industry developments and regulatory pressure.

The collapse of Silicon Valley Bank's (SVB) loan portfolio in 2020 is a cautionary tale of concentration risk and lending to the rich. SVB, which is known for its focus on lending to startup companies in the technology sector, suffered significant losses as a result of the COVID-19 pandemic and the economic downturn that followed.

Silicon Valley Bank's (SVB) new chief risk officer (CRO), Kim Olson, is reportedly leaving the bank along with at least one other executive and the chief audit executive. Olson had only been in the role for three months before the bank was shut down by regulators. SVB did not respond to TechCrunch's request for comment on the departures. HSBC USA announced that it has hired 40 bankers from SVB to build a new offering dedicated to the innovation economy. The bank has poached veteran SVB talent, including the chief business development officer, head of Life Science and healthcare, head of tech and healthcare banking, and head of technology credit solutions. SVB was shut down by regulators in March 2023.

Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez sent letters to 14 of Silicon Valley Bank's largest depositors, including Circle Internet Financial, BILL Holdings, BlockFi, and Eiger BioPharmaceuticals, asking about their connections with the failed bank.

The new R&D law in the US has faced criticism for overly broad language that could result in many software development companies having to amortize their costs over five years.

A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the US and most Asian currencies have gained ground against the US dollar. An index of financial stocks in the region, excluding Japan, has risen since March 10 — the day Silicon Valley Bank collapsed — compared with an almost 10% drop in the American banking index over the same period. 

According to data from IntoTheBlock, Ethereum outperformed most cryptocurrencies and other traditional assets in Q1 2023, recording a gain of 49%. Despite the collapse of Silicon Valley Bank and the Fed's "crackdown," Ethereum's value surged significantly in the first quarter, starting the year at around $1,196 and ending at $1,800.