The Latest Breaking News from Silicon Valley Bank

European Union leaders gathered Friday to gauge the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia's war in Ukraine. The deliberations by EU government heads in Brussels follow US regulators shutting down two US…

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.

New South Wales Labor leader Chris Minns says Sydney is the "most-tolled city" in the world. Does that check out?

The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: A cutback in bank lending

Two senior U.S. lawmakers are proposing bipartisan legislation to set up a new Senate-approved watchdog post at the Federal Reserve in the wake of the dramatic collapse of Silicon Valley Bank.

Leaders of the Senate’s banking committee are telling former chief executive officers at the failed Silicon Valley Bank and Signature Bank they “must answer” for their banks' "downfall.”

Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.

Silicon Valley Bank and Credit Suisse only really have themselves to blame for their collapse, argued the native Scot.

They helped restore faith in the private markets—even when everything looked like everything might fall apart.