Silicon Valley Bank Is Buying MoffettNathanson. Is it a Good Move?
Venture capital and start-up bank SVB Financial Group (NASDAQ: SIVB), the parent of Silicon Valley Bank, recently announced that it will purchase the equity research firm MoffettNathanson for an undisclosed price. MoffettNathanson has been a stalwart of sell-side research in the media, communications, and tech sectors.
While equity research is not necessarily a big direct revenue generator, it should help boost Silicon Valley Bank's growing investment banking division.
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Source Fool.com
