The Latest Breaking News from Silicon Valley Bank

Swiss bank’s shares fall to record low as top shareholder Saudi National Bank rules out more funding

Managing risk and cash flow are top of mind amid bank failures.

After a disastrous derailment in East Palestine, Ohio on February 3, the US state's attorney general has filed a lawsuit against the Norfolk Southern rail company, saying it prioritises profits over people. The state is seeking to hold the railroad financially accountable for the accident. Also in this edition, media…

Demise of Silicon Valley Bank has rattled not just businesses and investors but the ecosystem that grew up around it

The tech investor argued that problems in traditional banking hurt cryptocurrencies, not the other way around.

Before Thursday, Silicon Valley Bank was regarded as being in “sound financial condition.” But on that day it experienced attempted withdrawals of $42 billion, about a third of its U.S. deposits. By close of business, the run on the bank made it incapable of paying its obligations as they came…

The collapse of Silicon Valley Bank and two other large banks is fueling economic insecurity and angst among an already rattled American public and is prompting a major damage control effort by President Joe Biden.

Zillow chief economist gives two predictions for how the shutdown of Silicon Valley Bank could impact the housing market in 2023.

Silicon Valley Bank was not a household name. For four decades, SVB successfully competed with big name financial institutions only to come crumbling down in a matter of days.