The Latest Breaking News from SVB

The fall of SVB: Another predictable bank failure

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.

Bangkok Post · Mar 16, 2023

Debt limit breach would be ‘devastating’ for banks, Yellen says at hearing

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.

Tribune News Service · Mar 16, 2023

Fears of another financial crisis remain despite £45bn Credit Suisse lifeline

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

Daily Mirror · Mar 16, 2023

Elizabeth Warren slams Powell for weak regulation, oversight of SVB

Senator Elizabeth Warren blasted Federal Reserve Chair Jerome Powell for “an astonishing list of failures” that contributed to the collapse of Silicon Valley Bank and Signature Bank in a letter to the Fed chief Wednesday.

Tribune News Service · Mar 16, 2023

Silicon Valley Bank flagged risks from remote work on performance in its latest annual report

Remote work “reduced productivity and/or significant disruptions in our business operations," SVB said in its 2023 annual report published last month.

Fortune · Mar 16, 2023

How crypto Ponzi scheme threatens banks

It’s the big bank failure story no one is talking about

Salon · Mar 16, 2023

Biggest US banks weigh rescuing First Republic as its shares tumble – report

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender

The Guardian - US · Mar 16, 2023

The DOJ And The SEC Probing The Investigations Of The Collapse Of Silicon Valley Bank

The investigation of the failure of Silicon Valley Bank involve shares that sold and bonds that were bought by the bank

Zenger · Mar 16, 2023

OPINION - Bank bailouts and market turmoil – welcome to the end of cheap money

Everything was better in the past. Football peaked in the late-1990s, music in the early-2000s. For you, the decade may differ but the pervading sense remains that culture reaches its zenith between the age of 10 and 16.

Evening Standard · Mar 16, 2023

Silicon Valley Bank: what really happened and what it means for London

Silicon Valley Bank almost collapsed this week until leading figures in the US and UK stepped in — but what is the bank and why did it create such panic? Rohan Silva reports

Evening Standard · Mar 16, 2023