The Latest Breaking News from SVB

SVB’s failure was the biggest bank collapse since Washington Mutual Bank in 2008.

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…

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.”

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

Silicon Valley Bank, an institution that specialised in tech, might seem a long way away from Australia, but we should take note.

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.

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

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.