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SVB Financial Group CONFIRMS Announced Purchase Price for Boston Private is 'Best and Final'


SVB Financial Group Confirms Announced Purchase Price for Boston Private is Best and Final
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SANTA CLARA, Calif., April 27, 2021 /PRNewswire/  On April 27, 2021 Boston Private Financial Holdings, Inc. ( Boston Private ) (NASDAQ: BPFH) adjourned its special meeting of shareholders until May 4, 2021 to solicit additional votes in support of the merger between Boston Private and SVB Financial Group ( SVB ) (NASDAQ: SIVB). To provide clarity to Boston Private shareholders, SVB is confirming it will not increase the purchase price if Boston Private shareholders do not approve the transaction at the adjourned meeting. 
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SVB Financial Group (SIVB) Q1 2021 Earnings Call Transcript


Operator
Good day, and thank you for standing by. Welcome to the SVB Financial Group Q1 2021 Earnings Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Ms. Meghan O Leary, the Head of Investor Relations. Please go ahead.
Meghan O Leary
Head of IR
Thank you, May, and thank you, everyone, for joining us today. Our President and CEO, Greg Becker; and our CFO, Dan Beck, are here to talk about our first quarter 2021 financial results, and they ll be joined by other members of our management team for the Q&A. Our current earnings release, highlight slides and CEO letter have been filed with the SEC and are available on the Investor Relations section of our website. We ll be making forward-looking statements during this call, and actual results may differ materially. We encourage you to review the disclaimer in our earnings release dealing with forward-looking information, which applies equally to statements made in t ....

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Family Offices, Insiders Brace for Possible Regulation After Archegos


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After Archegos, family offices are girding themselves for the possibility of tougher regulation. 
Some family offices are coordinating with one another on how they can avoid new scrutiny. 
The new administration s regulators were already expected to reassess family-office guidelines. 
Family-office insiders learned of Archegos existence only when its implosion made international headlines, a rarity in the exclusive community where secrecy is often prized and kept. 
Several told Insider they regarded Archegos Capital Management as a family office in name only it operated more like a hedge fund, many observers said. The fallout has brought unwelcome attention to their largely unregulated industry, and most have no interest in dissecting what ....

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