The Latest Breaking News from Silicon Valley Bank

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…

The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank, a person familiar with the matter told The Associated Press

The ratio that made it more vulnerable to a run.

The right is claiming that political correctness – not capitalism – caused this financial catastrophe. Really?

Mike Pence and Bernie Sanders are hardly political allies

After a disastrous derailment in East Palestine, Ohio on February 3, the US state's attorney general has filed a lawsuit against the Norfolk Southern rail company, saying it prioritises profits over people. The state is seeking to hold the railroad financially accountable for the accident. Also in this edition, media…

Demise of Silicon Valley Bank has rattled not just businesses and investors but the ecosystem that grew up around it

The tech investor argued that problems in traditional banking hurt cryptocurrencies, not the other way around.

Before Thursday, Silicon Valley Bank was regarded as being in “sound financial condition.” But on that day it experienced attempted withdrawals of $42 billion, about a third of its U.S. deposits. By close of business, the run on the bank made it incapable of paying its obligations as they came…