The Latest Breaking News from Silicon Valley

The bankruptcies of US banks Silicon Valley Bank (SVB) and Signature do not pose a danger to French financial institutions, Finance Minister Bruno Le Maire said Monday as authorities in the US and UK took extraordinary steps to stop a potential banking crisis.

‘These companies were on the precipice. If SVB had gone insolvent it would have been utter chaos.’

The Treasury, FDIC and Federal Reserve said clients of Silicon Valley Bank would be protected as the agencies sought to find a buyer and stop further bank runs.

Signature Bank of New York shuttered as federal government moves to protect depositors

Second-largest bank collapse in US history met with eyerolls in Washington

Can Washington come to the rescue of Silicon Valley Bank's depositors

Rishi Sunak and Jeremy Hunt explore options to help tech and life sciences sectors

Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a US financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week…

It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world