The Latest Breaking News from Silicon Valley Bank

President reassures Americans ‘banking system is safe’ as US government announces plans to stabilize situation

President Biden also said insiders and investors won't be bailed out, but that companies that used the bank will be able to pay their employees and bills.

Watch as Joe Biden addresses the nation on Monday (13 March) following the collapse of Silicon Valley Bank.

Turmoil continued to engulf shares in banks as investors rushed to reduce exposure to the banking industry after seeing equity stakes wiped out at Silicon Valley Bank and Signature Bank.

The events will add to pressure on UK and US central banks to ease up on raising interest rates, some experts have suggested

A bank panic in the age of Venmo is very different from similar panics in earlier eras.

A weekend of high political drama ends in a rescue deal that leaves fast-growing sector safe in the City

It seems to be a neat solution to a worrying few days for London’s vital tech industries. HSBC has bought the UK subsidiary of Silicon Valley Bank (SVB) following its collapse on Friday. SVB, which specialised in providing loans to technology firms, was closed down by US regulators last week…

Fifty Republican and 17 Democratic senators voted to reduce regulations on the bank

If a bailout doesn't cost anything, is it really a bailout?

The CFO and board "failed to adequately protect shareholder value," says a former bank examiner for the Federal Reserve.