The Latest Breaking News on Financial Services

President Biden also said insiders and investors won't be bailed out, but that companies that used the bank will be able to pay their employees and bills.

Watch as Joe Biden addresses the nation on Monday (13 March) following the collapse of Silicon Valley Bank.

If a bailout doesn't cost anything, is it really a bailout?

'We hope that the upturn across Scotland will continue in the coming months'

Collapse of Silicon Valley Bank (SVB) marks biggest US bank failure since Washington Mutual during 2008 financial crisis

Australian markets slid on Monday as the fallout from the collapse of California-based Silicon Valley Bank (SVB) reverberated globally.

Governments in the UK and US took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down. The UK Treasury and the Bank of England announced early Monday that they had facilitated the sale of Silicon…

While the Biden administration has no intentions of bailing out the bank, it has introduced emergency measures to protect the US economy and give bank clients access to their funds

The bankruptcies of US banks Silicon Valley Bank (SVB) and Signature do not pose a danger to French financial institutions, Finance Minister Bruno Le Maire said Monday as authorities in the US and UK took extraordinary steps to stop a potential banking crisis.