SVB Financial Group (SIVB) is a financial service, bank holding, and financial holding company. It offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank. It operates through Global Commercial Bank (GCB); SVB Private Bank; SVB Capital; and SVB Securities.
In its efforts to tackle the 40-year high inflation, the Federal Reserve had raised interest rates by 25 basis points in March and 50 basis points earlier this month. The increase in interest rates bodes well for regional banks as it helps them increase their interest income. With further aggressive interest rate hikes planned by the Fed, regional banks are expected to benefit.
