The Latest Breaking News from FDIC

The legendary investor and entrepreneur says he has an exposure between $8 million and $10 million to the California bank, which was closed on March 10 by regulators, after a run on the bank.

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

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.

Small businesses and non-profit organizations were also impacted by the collapse of Silicon Valley Bank, impacting their ability to pay employees or vendors.

The tech ecosystem has been tossed into turmoil as , one of the nation’s largest banks for startups, collapsed Friday following a run on deposits. Now, with the bank’s assets frozen and under the control of the Federal Deposit Insurance Corporation, SVB’s customers, employees, and investors are grappling with a…

The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely. It remains unclear how much, if any, of depositors' money will be returned.

The company insisted that it was protecting the stablecoin from a "black swan failure."

Greg Becker sat in a red armchair at an invite-only conference in Los Angeles last week, legs crossed, one hand cutting through air.

Several companies disclosed late Friday evening the amount of cash they had no deposit at failed Silicon Valley Bank.