Silicon Valley Bank committed 'one of the most elementary errors in banking,' Larry Summers says
Former Treasury Secretary Larry Summers said Silicon Valley Bank made an "elementary" mistake in banking that led to its collapse and takeover by federal regulators.
Silicon Valley Bank collapse: Here's who benefited from their executive, PAC donations
Executives at Silicon Valley Bank, which failed on Friday, have primarily donated to Democrat politicians, filings show. Its PAC has also sent thousands to mainly Democrats.
Little Spoon CEO says company 'dodged a bullet, discusses what SVB collapse could mean for startups
CEO Ben Lewis said his company Little Spoon “dodged a bullet” in Silicon Valley Bank’s (SVB) shutdown last week but voiced worries about impacts the bank’s collapse could potentially have on the startup and venture capital markets.
Regional banks 'reasonably stable' but regulators need to provide 'more clarity': former FDIC chair
Former FDIC Chair Sheila Bair said regional banks appear to be stable overall but urged regulators to provide more clarity about the reasoning behind their actions.
Silicon Valley Bank hit with class action lawsuit from shareholders
A class action lawsuit has been filed against collapsed Silicon Valley Bank, its CEO and CFO on Monday, accusing the plaintiffs of violating securities laws.
Silicon Valley Bank collapse rocks start-up community
The downfall of Silicon Valley Bank sent shock waves through the start-up ecosystem, and some founders fear the effects could be far-reaching in the community.
Silicon Valley Bank: Fed says Vice Chair for Supervision to review what led to collapse
The Federal Reserve Board says Vice Chair for Supervision Michael S. Barr will lead a review of the supervision and regulation of Silicon Valley Bank.
Silicon Valley Bank items hit eBay days after collapse
Days after Silicon Valley Bank, the 16th largest bank in the U.S. collapsed, several listings appeared on eBay for what sellers are calling "authentic" corporate swag.
KPMG Gave SVB, Signature Bank clean bill of health weeks before collapse
KPMG audited Silicon Valley Bank and Signature Bank and gave both financial institutions clean bills of health just days before regulators shuttered both financial institutions
SVB failure throws Fed rate-hike decision next week into uncertainty
Fallout from the Silicon Valley Bank collapse last week could affect the Federal Reserve's interest-rate hike decision at its two-day meeting next week.
Charles Schwab shares trim losses as CFO defends firm
Charles Schwab's chief financial officer moved to reassure investors as the stock tumbled in the wake of Silicon Valley Bank's implosion and amid possible contagion fears.
Investor who called Lehman collapse predicts the next big bank failure
Robert Kiyosaki, who originally forecasted the Lehman 2008 crisis, predicts the next bank to collapse in the Silicon Valley Bank contagion will be Credit Suisse.
First Republic shares plunge on SVB contagion fears
First Republic Bank and other regional banks saw steep losses on Monday after the collapse of Silicon Valley Bank raised fears about the financial system.
SVB collapse shares 'bloodcurdling' similarity to Lehman collapse: Expert
The Federal Reserve incentivized bad behavior and "bloodcurdling irresponsibility" that enabled Silicon Valley Bank's collapse, according to The Bear Traps Report's Larry McDonald.
Bitcoin spikes amid Silicon Valley Bank collapse
Cryptocurrency got a boost of $70 billion and topped $1 trillion on Monday amid the downfall of Silicon Valley Bank, with Bitcoin alone spiking 10%.
US, UK governments sell Silicon Valley Bank subsidiary following historic collapse
The U.S. and UK governments coordinated the sale of a Silicon Valley Bank subsidiary just days after the Santa Clara, California-based bank failed on Friday.
Goldman Sachs economist 'no longer' expects March rate hike in wake of Silicon Valley Bank collapse
Goldman Sachs economist Jan Hatzius said his company no longer expects a Fed rate hike later this month as the federal government announced actions to help stabilize banks.
Silicon Valley Bank collapse: GOP's Vivek Ramaswamy says more regulation would encourage ‘crony capitalism’
Republican 2024 presidential contender Vivek Ramaswamy believes that more regulation of the financial industry in the wake of the Silicon Valley Bank would encourage crony capitalism.
Signature Bank shut down in connection with Silicon Valley Bank collapse
Federal regulators said Sunday Signature Bank has been shuttered, marking the second massive bank failure after the collapse of Silicon Valley Bank last week.
Feds hold auction for failed Silicon Valley Bank, move to protect uninsured depositors
Federal financial regulators are moving to reassure depositors at Silicon Valley Bank with a special backstop as they pursue the failed bank's sale through an auction.