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The Latest Breaking News from Fortune

Startup founders are reeling as their Silicon Valley Bank funds are in limbo: ‘Our heads are spinning’

Founders who spoke with Fortune are frantically trying to untangle when they’ll get any money back—and how long they can make payroll.

Fortune

Could Silicon Valley Bank contagion spread to the crypto industry?

The stunning failure of the tech behemoth comes on the heels of Silvergate Bank.

Fortune

Silicon Valley Bank’s parent is reportedly struggling to pull off a fire sale after its stock blew up and it failed to raise capital

“It doesn’t smell good right now, and there’s a lot of panic,” a venture investor who spoke with dozens of SVB clients told Fortune Thursday.

Fortune

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How prospective first-time homebuyers can succeed in today’s real estate market

It's never been harder to buy your first property in the U.S., the National Association of Realtors says.

Fortune

Former BET CEO Debra Lee wants others to learn from her #MeToo story

Lee says her relationship with her mentor and then-BET CEO Bob Johnson turned toxic. His office declined to comment.

Fortune

Lowe's next home improvement project: training workers in skilled trades

The home improvement company launched a training program to develop more skilled contract workers.

Fortune

There’s an art to presenting to your board of directors

An invitation to the boardroom is a badge of honor. Fortune asked board members, CEOs, C-suite executives, and leadership coaches for their best advice.

Fortune

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Local communities are buying medical debt for pennies on the dollar–and freeing American families from the threat of bankruptcy

Under this new model, everyday Americans are receiving letters letting them know that their crippling medical debt has been canceled.

Fortune

VCs describe a big mess as Silicon Valley Bank’s troubles spark panic

Founders are pulling cash from Silicon Valley Bank as fear of a bank run has spread.

Fortune

Bill Ackman thinks the government should consider SVB bailout

The founder of Pershing Square Capital Management said the collapse of Silicon Valley Bank "could destroy a long-term driver of the economy."

Fortune

VCs and startup founders are freaking out about Silicon Valley Bank

Startup founders are pulling cash from Silicon Valley Bank, even as some VCs say the panic is overblown and fueling the fire.

Fortune

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

This i-banking CEO doesn’t believe in RTO mandates—and thinks productivity should be low on in-person days

Workers won’t be afraid to jump ship if strict return-to-office mandates are enforced, according to a top executive at Europe’s second-biggest bank.

Fortune

I chair the investment committee of America’s second-largest pension fund. Here’s why savvy investors back the SEC’s proposed ESG disclosure rules

Many shareholders are concerned with mitigating risk and contributing to the sustainable value of their investments for their beneficiaries.

Fortune

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Fortune

Is it time for workplace gender quotas?

Helene Panzarino, associate director at the London Institute of Banking and Finance's Centre for Digital Banking and Finance, said gender parity is taking too long to achieve.

Fortune

Housing market slump brings back 2-1 mortgage rate buydowns

Homebuyers are looking for relief, and lenders are getting creative.

Fortune

The U.S. is seeing a shortage of the life-saving drug albuterol. Here’s what patients with respiratory conditions like asthma and COPD need to know

Albuterol, a drug commonly used to treat asthma attacks, is in short supply, increasing anxiety for patients who use it—and for pharmacies and health care facilities that provide it.

Fortune

The tech mogul who gave the world ChatGPT is investing $180 million into a life extension startup

At startup incubator Y Combinator, Sam Altman got interested in aging research after an experiment with old and young mice, MIT Tech Review reported.

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Fortune

Top crypto bank collapses as Silvergate announces plans to wind down operations

The volatile sector's banking options are dwindling.

Fortune

Read the pitch deck that helped cloud management startup Vantage raise $21 million

Vantage raised a Series A round in about two weeks in early 2023, as demand for their services grew significantly as companies are looking to trim costs.

Fortune

Too early to say economic green shoots have appeared, JPMorgan executive says

Sanjiv Somani, U.K. CEO of Chase, also warned retail investors or those jumping on so-called “meme stock” trends to be wary.

Fortune

The ESG debate needs an apolitical arbiter. Here’s why the insurance industry gets it right

The insurance industry is uniquely positioned to help us break through the rhetorical clutter of ESG. It is also less vulnerable to ideological influence.

Fortune

My colleague wears his mistakes as a badge of honor. Here’s why he’s right–and what it tells us about the unrealistic expectations society sets for women

We are doing a disservice to ourselves by not embracing the art of making mistakes.

Fortune

What female CEOs want eradicated from businesses on IWD

From gaslighting to pregnancy bias, female CEOs revealed to Fortune the experiences, phrases, and practices that have no place in the business world.

Fortune

Tech sector has gone from its ‘best year’ to the verge of a recession

It’s been a stark reversal for tech companies’ fortunes over the past two years, and it could get even worse.

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