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The Latest Breaking News from Silicon Valley Bank

HSBC unveils Innovation Banking arm centred on former Silicon Valley Bank UK business

'The UK’s world-leading technology and life sciences sectors are central to growing the UK economy'

Birmingham Post

Automation, regulation and immigration: Key themes ahead of London Tech Week

This year’s London Tech Week is set to be the biggest yet

Evening Standard

EF Pro Cycling to launch new women's team

Team not forthcoming on state of current Women's WorldTeam

Cycling News

From analysis to the latest developments in health,
read the most diverse news in one place.

Will the FDIC Raise the Deposit Insurance Limit?

Recent failures have some banking experts and policymakers asking whether it’s time to raise the FDIC deposit insurance limit.

Kiplinger

Billionaire investor Stanley Druckenmiller warns there are 'more shoes to drop'—Silicon Valley Bank was ‘probably the tip of the iceberg’

Billionaire investors are worried. Stanley Druckenmiller sees a "hard landing" on the way and bond king Jeffrey Gundlach is warning that economic indicators are now "full-on recessionary."

Fortune

15 companies made this year’s Fortune 500 for the first time ever

Airbnb, Skechers, and Silicon Valley Bank are among the new 2023 Fortune 500 companies.

Fortune

TIBCO, Silicon Valley Bank to end sponsorship of EF Education-TIBCO-SVB

Team owner Linda Jackson exploring options after loss of funding due to 'recent economic challenges and events'

Cycling News

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Three Ways Charitable Organizations Can Boost Public Trust

Silicon Valley Bank’s collapse adds to distrust in institutions, and that’s affecting nonprofits and grantmakers. Fresh expressions of transparency can show that the nonprofit sector is different.

Kiplinger

Small biz hit by slowing economy, credit crunch

Frustrated and angry, small business owners tell Axios that they've lost trust in the financial system.

Axios

Probability That US Banks Will Restrict Cash Withdrawals Is ‘Rising Like Mercury’

The hedge fund manager foresees a change in the banking industry after a chain of events in the banking collapse.

Zenger

US banking failures: the role of big auditors in another financial crisis

Three recent and very serious US bank failures – Silicon Valley Bank (SVB), Signature and First Republic – have one common denominator: all three businesses were audited by one of the world’s major professional services firms, KPMG.

The Conversation

First Citizens Bank to cut hundreds of former Silicon Valley Bank jobs

In a companywide email Wednesday morning, First Citizens Chairman and CEO Frank Holding Jr. said his Raleigh, North Carolina-based bank is laying off former employees of Silicon Valley Bank, the failed financial institution that First Citizens purchased two months ago.

Tribune News Service

Fed's Kashkari says higher capital requirements would bolster banking system

After the high-profile failures of Silicon Valley Bank and Signature Bank, Federal Reserve Bank of Minneapolis President Neel Kashkari argued requiring banks to have higher capital levels could be the best solution to addressing the underlying weakness in the banking system.

Tribune News Service

Watch live: House committee questions Silicon Valley Bank and Signature Bank on failings

Watch live as the House Financial Services Committee questions Silicon Valley Bank (SVB) and Signature Bank executives on Wednesday, 17 May, on failings which led to the collapse of the banks earlier this year.

The Independent UK

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The Guardian - US

Silicon Valley Bank’s former CEO tells Senate he is ‘truly sorry’ for collapse

Greg Becker tells banking committee that takeover of SVB was ‘personally and professionally devastating’

The Independent UK

Watch live: Senate questions Silicon Valley Bank and Signature Bank executives over failings

Watch live as executives from Silicon Valley Bank and Signature Bank testify before the US Senate on Tuesday, 16 May.

The Independent UK

CEO pay again in focus as the heads of failed banks appear before Senate panel

The recent failures of a trio of midsize banks has once again raised questions on whether executive compensation is tilted toward short-term gains rather than companies' long-term health

Fortune

SVB and Signature Bank's failures had a lot in common with small rural banks from the 1930s Fed economists say

This year's banking collapses have some striking parallels with the thousands of small bank failures that dotted the 1930s.

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Fortune

A veteran market watcher who saw the Fed creating a disaster in 2008 says 'distortions in the economy' today are still the Fed's fault

Jim Grant has been writing the “Interest Rate Observer” every week since 1983—and routinely making prescient predictions.

Fortune

Why people are making TikToks of themselves stuffing cash into envelopes, like Granny used to do

Zenger

US Economy On The Edges As Banks Continue To Fail And The Fed Raising Interest Rates

The S&P 500 logged a weekly gain following the release of encouraging inflation data and a weaker-than-expected first-quarter.

Fortune

Shark Tank’s Kevin O’Leary says failing regional banks should be allowed to collapse

He also revealed he is now refusing to invest any money into companies keeping cash with regional lenders.

ABC News

Officials looking into investors targeting big US banks to make 'easy money'

US authorities are looking into whether big investment firms are targeting, or attacking, otherwise healthy banks to make a profit.

WEKU

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

The Guardian - UK

US banks are failing, and the authorities seem unlikely to intervene

Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead

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