The Latest Breaking News from Silicon Valley Bank

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.

Circle’s Chief Strategy Officer Dante Disparte offers perspectives on the most harrowing week since the 2008 financial crisis.

Given the antipathy towards Wall Street bailouts in the 2008 crisis, Biden is at pains to stress that ‘no losses’ will be borne by taxpayers

SANTA CLARA, California — Federal officials moved to insure all deposits at failed Silicon Valley Bank, hoping to inoculate the banking system against contagion, but shares of another Bay Area regional bank plunged on Monday.

With more than $110 billion in assets, Signature Bank just became the third-largest bank failure in U.S. history. Here’s what consumers need to know about bank failures and protecting their money.