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

Growing concerns about the safety of bank deposits have prompted investors to approach community and regional banks with caution

The global economic and investment picture this month is strikingly different from last month. In our article last month "Global and Thai economy in a no-landing scenario", we warned about rising risks, even as others predicted a "no landing" situation, or an economy that can continue without slowing down or…

Wall Street economists and the Fed increasingly expect fallout from that collapse to linger in the months ahead.

Even retail apps like Starbucks, Chick-fil-A, online gaming apps, and many others are siphoning funds away from traditional banks.

First came the spectacularly quick bank failure. Then came the fears of a financial contagion. Now get ready for the congressional hearings.

Boards must rethink their assumptions about "safe" financial decisions in the wake of Silicon Valley Bank's collapse.

US bank regulators closed Silicon Valley Bank (SVB) on March 10 2023, after it suffered US$42 billion (£35 billion) of deposit withdrawals in a 24-hour period. This was the largest bank failure since the 2008 global financial crisis and was not supposed to happen again.

Not that long ago, these banks were the villains that nearly cratered the economy.

Do we have a banking crisis in the United States or don’t we?

SVB at the center of the financial crisis of March 2023 saw several insiders sell shares before the bank run by its customers

"As long as people aren't all coming in at the same time and demanding that their deposits back, you're okay, but that's exactly what's been happening," Prof. Stephan Weiler told Fortune. "So the chances of facing those unrealized losses are going up."