SVB Financial Group to acquire MoffettNathanson.

SVB Financial Group, a commercial bank, agreed to acquire MoffettNathanson, an independent sell-side research boutique. Financial terms were not disclosed. "The MoffettNathanson team has built an incredible reputation as a leader in equity research. The addition of technology equity research is another important step in further solidifying our place as the essential partner to innovation economy clients. I'm proud to welcome the MoffettNathanson team to SVB and continue to strengthen the capabilities of our investment banking practice," Greg Becker, SVB Financial President and CEO.