The Latest Breaking News from Silicon Valley Bank

The tech industry has been facing headwinds with year-long interest rate hikes, waves of job cuts, and trouble in the banking sector. Given the economic uncertainties ahead, I think fundamentally weak tech stocks Ouster (OUST), Alpine 4 (ALPP), and Integrated Media (IMTE) might be best avoided. Keep reading.

First Republic’s stock closes down nearly 50 percent amid questions about San Francisco lender’s future.

Bank now faces tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities

Major central banks are standing down from their offer of daily emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about the stability of the global financial system

Depositors at First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis

Academics warn that social media is a new “catalyst” for bank runs and argue that venture capitalists bear some of the blame for Silicon Valley Bank’s downfall.

Banks are paying up for savers’ deposits in a much bigger way than they have in a long time

Social media-fueled bank runs are a new risk to the financial system, and regulators don't know yet how to manage them.

In their new book, The Big Myth, the authors document the rise of ‘market fundamentalism’ and Americans’ relationship with government regulations

Ahead of the first official postmortem on its collapse, bankers, regulators and executives admit that it was a crisis hiding in plain sight

Even though things appear to have settled after SVB's collapse, that doesn’t mean all is clear. Consider options like healthcare and consumer staples instead.