The Latest Breaking News from FDIC

Quang Hoang, the co-founder of a startup called Birdly Inc., spent his Monday refreshing the website of Silicon Valley Bank every hour. His San Francisco-based mentoring startup had about $10 million deposited with the now-failed financial institution, patronized by a large portion of the country’s most promising tech companies. But…

Investor and entrepreneur Robert Kiyosaki made a new prediction for the banking sector that could possibly hit as this year

The Silicon Valley Bank failure is the second largest in US history. The bank had controlled more than $175 billion in total deposits.

It was a scene straight out of the Great Depression: a major California bank locking its doors and pulling down the shades as a horde of panicky depositors demanded their money.

The collapse of three US banks in less than a week has sent shockwaves through the financial industry, with global stocks plunging and public confidence shaken.

Sen. Elizabeth Warren says SVB execs should give back their salaries for “facilitating a near-economic disaster.”

It's never a good sign when "bank collapse" is trending on Twitter.

Locked out of her three accounts with failed Silicon Valley Bank, cookbook author Anna Vocino spent the weekend in a state of high anxiety, unsure about the future of her sauces and spices company.

The failure of the crypto-friendly bank has spurred rampant speculation.