The Latest Breaking News from FDIC

Silicon Valley Bank (SVB) was a regional bank located in the San Francisco Bay area. Founded in 1983, it specialized in granting loans to startup tech firms. According to the company’s website, in 2022, SVB funded nearly half of all venture-backed tech- and healthcare-related IPOs. Some of its ...

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

A Fortune report explains what propelled JPMorgan to land First Republic’s assets in an auction with several rival bidders.

As another US bank collapses, here’s what you need to know about how to keep your money safe.

In the second-largest bank failure in U.S. history, officials seize First Republic Bank, selling its deposits and most of its assets. It’s the third midsize bank to fail in two months.

The failed bank was taken over by the FDIC and taken over by JPMorgan Chase A Month After Received A $30 billion deposit

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.11%. Stock indexes Monday gave up early gains and settled...

First Republic Bank marked the 2nd largest bank failure in U.S. history. Are there more to come? What comes next from regulators?

It was a choppy day for stocks as investors considered another bank failure.

Overnight, the nation's biggest bank added significant heft and stabilized the shaky outlook for regional banks.

The FDIC recommends increasing the amount of deposit insurance after failures of several banks due to panicked depositors.