The Latest Breaking News from SVB

Last week, after hawkish testimony from Federal Reserve Chair Jerome Powell, markets penciled in a half-point increase in interest rates following the central bank’s next policy meeting. On Friday, the run on Silicon Valley Bank and subsequent fears of a wider crisis changed many investors’ minds. Some bet that the…

European and US banking shares fall, with Credit Suisse down 12% as sentiment remains fragile

In today’s newsletter: We’re far from financial crisis territory, but share crashes have caused some fright in the markets. This is why

First Republic is the fourth bank in a week to show signs of financial distress. What does this mean for Australian interest rates – and mortgages?

Thousands of techies came to South By Southwest at the same moment that their favorite bank was melting down. The mood was surprising.

In the wake of the bank’s crisis, venture capitalists have been trading accusations over who is responsible for the collapse

Though some consumers have pulled their money out of smaller banks, a Treasury official said those withdrawls have slowed

The run on Silicon Valley Bank (SVB) -- on which nearly half of all venture-backed tech start-ups in the United States depend -- is in part a rerun of a familiar story, but it's more than that. Once again, economic policy and financial regulation have proven inadequate.

WASHINGTON — Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound in the aftermath of Silicon Valley Bank's collapse. But she warned that failure to raise the debt limit in time would be devastating for banks after the turmoil.

The Swiss giant went cap-in-hand to the country’s central bank to shore up its finances. Experts called it a vital intervention to stem fears about banking system

Global financial markets are on edge after Credit Suisse shed nearly a quarter of its value on the stock market. How did it happen, is it related to Silicon Valley Bank's collapse, and could Australian banks be impacted?