The Latest Breaking News from Silicon Valley Bank

Bank runs, by their very nature, happen fast. But in an age of instant communication, social media and money transfers at the touch of a button, they can now happen in the blink of an eye.

Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. The failures at SVB and Signature were two of the three biggest…

For those with plenty of liquid assets, knowing how FDIC insurance works can save potential headaches down the line.

Australian stocks end sharply lower, as markets across the region take a tumble after US bank stocks suffered their biggest falls in 2.5 years. Here's how the day's events unfolded on the ABC News markets blog.

Bank failure reaches far beyond ‘coastal-tech-elite’

A small army worked through the weekend to ensure 3,500 UK customers – largely tech firms – still had cash on Monday

Regional banks “pose very significant challenges” for regulators, an FDIC board member wrote in 2019, long before Silicon Valley Bank’s failure.

The OpenAI founder called for more banking regulations and called SVB a “badly mismanaged bank.”

Are banks going bad again? Markets are scrambling to contain the shockwaves from the collapse of Silicon Valley Bank, a California lending institution favoured by tech startups. Its seemingly safe bet on government bonds proved a bust, triggering an old-fashioned run on the bank. Is it contagious? The bank's failure…

Bill Ackman calls on the federal government to step in to solve the failed bank as Elon Musk is open to buying the bank

Based in California and with about $US200 billion in assets, Silicon Valley Bank (SVB) was the 16th-largest in America, making it the biggest bank failure since the global financial crisis of 2008. The implications for financial markets and the global economy are big.