The Latest Breaking News from Silicon Valley Bank

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

The Democratic senator raised concerns about the deal reigniting the “too big to fail” problem.

“I think people will remain skittish for quite some time” after the collapse of First Republic, Cake Ventures’s Monique Woodward says.

The recent bank failures may have felt like 2008 deja vu because they similarly expose the weak spots in the system that have not been resolved.

Failure of four banks in six weeks is purely a sign of poor risk management, says chief executive

India and China, the two largest emerging market economies of the region, are expected to contribute around half of global growth.

In the second-largest bank failure in U.S. history, officials seize First Republic Bank, selling its deposits and most of its assets. It’s the third midsize bank to fail in two months.

The Federal Reserve is poised to for another hike in the interest rate as Musk warns of a possible recession in the coming future.

The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world. Although Federal Reserve officials have taken pains to assure the public that the US banking system is sound, it is unclear why anyone should believe them. After all, Fed Chair Jerome…