The Latest Breaking News on Inside a bankruptcy committee’s ongoing investigation into the failure of Silicon Valley Bank

Andrew Bailey says economy is in ‘period of very heightened tension and alertness’

Governor tells MPs market turmoil has ‘tested’ banking sector for signs of weaknesses but denies fresh crisis is looming

The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse

Lawmakers open to Biden’s call to claw back SVB executive pay

Australia's financial system is in a strong position to withstand a banking crisis overseas, say the financial services minister and banking regulators.

First Citizens BancShares Inc.’s acquisition of Silicon Valley Bank came with an unusual provision: a $70 billion line of credit, courtesy of the Federal Deposit Insurance Corp.

The Fed's vice chair for supervision, Michael S. Barr, says he is “committed” to finding “any supervisory or regulatory failings” that led to SVB's collapse.

The nation’s top financial regulator pledged that the Federal Reserve and other agencies will take whatever steps they deem necessary to protect depositors and the banking system two weeks after two large bank collapses triggered financial turmoil in the United States and Europe

“Not all of these stresses are behind us," warns Minneapolis Fed President Neel Kashkari, the former administrator of the Troubled Asset Relief Program.

A congressional hearing on Silicon Valley Bank’s failure will begin on Tuesday.

Staff had to be reminded to eat as they worked tirelessly to support their clients, an SVB employee has said.