SVB Financial to Sell Venture Capital Business to Pinegrove
SVB Financial Group, the former parent company of Silicon Valley Bank, said it reached a deal to sell its venture capital unit to a newly created affiliate of Pinegrove Capital Partners.
SVB Financial Group, the former parent company of Silicon Valley Bank, said it reached a deal to sell its venture capital unit to a newly created affiliate of Pinegrove Capital Partners.
The Labour opposition took a parliamentary seat from the Conservatives in northern England, the latest in a string of reversals suffered by Prime Minister Rishi Sunak’s governing party ahead of a national vote expected later this year.
Societe Generale SA equities traders outshone their bond-trading counterparts for a fourth straight quarter, with revenue from the unit helping the French bank beat estimates for profit in the three months through March.
Federal Bank Ltd’s list of candidates to head the Indian lender features two insiders alongside K.V.S Manian, who resigned this week from Kotak Mahindra Bank Ltd., according to people with knowledge of the matter.
Equities in Asia climbed amid a rally in technology stocks, and the yen surged, ahead of crucial US jobs data due later Friday.
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