The Latest Breaking News from Silicon Valley Bank

Airbnb, Skechers, and Silicon Valley Bank are among the new 2023 Fortune 500 companies.

The billionaire says residential real estate is the next victim of the ongoing economic downturn.

You hear your bank is in trouble, and you immediately start to panic. “Will I lose my money?” You wonder, breathlessly. You envision yourself suddenly unable to pay for your groceries, or buy gas, or fund your child’s college tuition, so you rush online or jump in your car to…

2023 may go down in the history books as the year America lost faith in its banks. Over the course of a few weeks in the spring of 2023, multiple high-profile regional banks suddenly collapsed: Silicon Valley Bank (SVB), Signature Bank, and First Republic Bank. These banks weren’t limited to…

The hedge fund manager foresees a change in the banking industry after a chain of events in the banking collapse.

Three recent and very serious US bank failures – Silicon Valley Bank (SVB), Signature and First Republic – have one common denominator: all three businesses were audited by one of the world’s major professional services firms, KPMG.

In a companywide email Wednesday morning, First Citizens Chairman and CEO Frank Holding Jr. said his Raleigh, North Carolina-based bank is laying off former employees of Silicon Valley Bank, the failed financial institution that First Citizens purchased two months ago.

After the high-profile failures of Silicon Valley Bank and Signature Bank, Federal Reserve Bank of Minneapolis President Neel Kashkari argued requiring banks to have higher capital levels could be the best solution to addressing the underlying weakness in the banking system.

The San Francisco-based regional bank, First Republic, was the third financial institution to declare insolvency in 2023 and the second-largest bank to fail since Washington Mutual collapsed during the Financial Crisis of 2007–2008. Plagued by many of the same issues that doomed Silicon Valley Bank ...