SVB Financial Buys MoffettNathanson

Silicon Valley Bank parent SVB Financial bought MoffettNathanson, it said Monday. SVB CEO Greg Becker said this adds tech equity research. MoffettNathanson's Craig Moffett said SVB's relationships "will not only bring our clients unique opportunities to participate in the value creation cycle of earlier-stage growth companies, they will also provide our analysts with unique insights into the competitive forces that will shape the destinies of the largest companies in our coverage universe.”