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The Latest Breaking News from SVB

SVB Collapse Stops Big Fed Rate Hike Bets In Their Tracks, Hammers U.S. Stocks

Another hot jobs report should have consolidated bets on a 50 basis point Fed rate hike. Then came the SVB collapse.

The Street

Biotech, Banking Stocks Tumble As Federal Officials Seize SVB Deposits

The federal government's takeover of Silicon Valley Bank on Friday sent shock waves through the medical sector and hammered biotech stocks.

Investors Business Daily

This weekend is everything for Silicon Valley Bank and its customers

The next three days will determine if the situation escalates from an inconvenience to a crisis for SVB clients, most of which are businesses that need to meet payroll.

Axios

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Silicon Valley Bank just sucked all the oxygen out of SXSW

Just as Silicon Valley entrepreneurs were landing in Austin for the annual South by Southwest celebration, the startup industry's primary bank collapsed.

Fortune

Silicon Valley Bank swiftly collapses after tech startups flee

Silicon Valley Bank became the biggest U.S. lender to fail in more than a decade after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the tech startups that had fueled the lender’s rise.

Tribune News Service

Stock Market Sinks As Nasdaq Falls 1.8%; Bank Shutdown Hits Sector And Beyond

The stock market's major indexes closed sharply lower after a brutal day. Bank stocks fell hard after SVB Financial bank was shut down.

Investors Business Daily

Markets in turmoil as US closes Silicon Valley Bank

SANTA CLARA (UNITED STATES) - US regulators shut down Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.

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Two US Banks Collapse in 48 Hours. Which One's Next?

Silvergate served the cryptocurrency industry, while SVB was the bank for Silicon Valley tech startups.

The Street

Stock Market Tumbles Amid SVB Financial Collapse, 'Faster' Powell: Weekly Review

The stock market suffered serious losses this past week as Fed chief Jerome Powell's hawkish testimony and SVB Financial's collapse.

Investors Business Daily

Silicon Valley Bank Fails; FDIC Takes Over, Creates New Bank

Silicon Valley Bank was closed by the Federal Deposit Insurance Corp., which launched the Deposit Insurance National Bank of Santa Clara.

The Street

SVB cash crunch highlights $620 billion hole in banks’ balance sheets

The spike in interest rates has been devastating for the value of their securities portfolios, meaning many carry around billions in unrealized losses that could pose a problem if funding dries up.

Fortune

Silicon Valley Bank collapses and enters receivership after tech firms pull funds

Silicon Valley Bank has been closed by California regulators after tech firms scrambled to withdraw funds from the business.

Evening Standard

U.S. government takes control of Silicon Valley Bank

This is the largest bank failure since Washington Mutual in 2008.

Axios

One of Jim Cramer's Top Stock Picks Just Imploded

The investing genius isn't always right.

The Street

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Fortune

Silicon Valley Bank’s parent is reportedly struggling to pull off a fire sale after its stock blew up and it failed to raise capital

“It doesn’t smell good right now, and there’s a lot of panic,” a venture investor who spoke with dozens of SVB clients told Fortune Thursday.

Fortune

Why regulators have a banking crisis, not a crypto one

SVB is 20 times bigger than Silvergate. Its collapse points to a much bigger problem than crypto.

The Street

Here's What Happened to SVB Financial Group

A letter from SVB Financial Group earlier this week has caused concern amongst clients and investors as billionaire Bill Ackman makes a comparison to Bear Stearns.

The Street

Silicon Valley Bank Becomes the Second-Largest U.S. Bank Failure

Regulators have shut down the California bank, considered the backbone of startups and venture capital firms in Silicon Valley.

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Axios

Silicon Valley's burning bank

The bank's failure would be the biggest since Washington Mutual.

Investors Business Daily

SVB Financial Fails, Silicon Valley Bank Closed; Many Bank Stocks Still Reeling

The FDIC said SVB Financial has failed, with Silicon Valley Bank closed by regulators. Bank stocks are falling again Friday, but off lows.

The Street

SVB Stock Halted, Bank Shut Down Amid Multi-Billion Dollar Collapse, Shaking Bond-Laden US Financial Sector

"Even unrealized losses in investment portfolios can have negative effects on liquidity and present funding challenges," the St. Louis Fed warned last month as banks added to Treasury bond holdings.

The Guardian - UK

Silicon Valley Bank fails in largest bank collapse since 2008 crisis

US regulators seize SVB’s assets after a run on the bank, as global institutions monitor situation closely

Fortune

VCs describe a big mess as Silicon Valley Bank’s troubles spark panic

Founders are pulling cash from Silicon Valley Bank as fear of a bank run has spread.

Axios

What happened to Silicon Valley Bank?

Behind the remarkable reversal of fortune for the startup world's bank of choice.

The Street

Stocks Extend Slide, Jobs Report On Deck, SVB Collapse, Oracle Mixed, Mind The Gap - Five Things To Know

Stocks extend slide amid bank sector slump; Jobs Report: Workin' for a livin'; SVB needs capital ASAP; Oracle sees more profits and Mind the Gap (Shares).

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