The Latest Breaking News on Financial Services

The Small and Medium Enterprises Bank (SME Bank), a development bank under the National Development Fund, announced allocating an amount of 10.5 billion riyals to support the small and medium enterprises sector, through existing and new financing programs offered by the Bank, including direct and indirect lending programs, financing guarantee,…

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…

U.S. regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, according to people with knowledge of the situation.

The FDIC emailed SVB employees late last night, offering 45 days of employment.

Fifty Republican and 17 Democratic senators voted to reduce regulations on the bank

On Monday, the head of the Federal Deposit Insurance Corp. warned a gathering of bankers in Washington about a $620 billion risk lurking in the U.S. financial system.

End-to-end encryption does not prevent wall-to-wall media coverage, as many prominent users have discovered to their cost

Industry leaders expected to call for state intervention to avoid failure of hundreds of UK firms

How SVB happened, and how it all came crashing down.

A new bank which has only been in business for two years is considering a bid to buy the British arm of the failed Silicon Valley Bank (SVB), according to reports.

Decision comes hours after US arm collapsed