The Latest Breaking News from SVB

Silicon Valley Bank had done an unusually good job helping Black and immigrant entrepreneurs connect, network, access capital, and scale.

The recent collapse of Silicon Valley Bank (SVB) – the failure of the biggest US lender since the 2008 global financial crisis – has created waves across the global banking system. The subsequent collapse of another US institution, Signature Bank, the US$30 billion (£24.5 billion) lifeline given to First Republic…

The recent failure of Silicon Valley Bank should have implications for the way many education institutions go about their banking

There are possible consequences for regular people, small businesses and the economy.

Those at the top need to have skin in the game – and know that risky decisions they make will affect them too, says economist Natacha Postel-Vinay

Economists caution against comparisons to 2007-08 bank failures despite persistent market turmoil.

Efforts to reassure the public that First Republic is safe have so far been unsuccessful as bank's shares plunge.

“What the Fed saw as the big potential threats didn’t materialize, and the threat that did materialize they didn’t see coming,” says Thomas Hogan, a senior fellow at the American Institute for Economic Research.

SVB believed in big ideas and were willing to place bets on founders of early-stage businesses. 'We are now left with a big void in the startup ecosystem.'