Treasury, Federal Reserve, FDIC release joint statement mapping out approach to Silicon Valley Bank collapse
Treasury Department, Federal Reserve, and the FDIC issued a joint statement Sunday mapping out how regulators will handle the failure of Silicon Valley Bank.
Rep. Khanna says progressives should be the most concerned amid SVB collapse if Biden admin 'doesn’t step up'
California Democrat Rep. Ro Khanna called out the Biden administration after the SVB collapse, stating progressives should be concerned as the administration fails to take action.
Former Obama official worked at Silicon Valley Bank before collapse that rattled American economy
An official who served in the Treasury Department under former President Obama was also a board member of Silicon Valley Bank before its collapse last week.
Former CEO of UBS issues harsh warning on SVB collapse: This will give consumers ‘a lot of anxiety’
Former CEO of UBS Robert Wolf and FOX Business correspondent Charlie Gasparino react to the historic implosion of Silicon Valley Bank and it's economic devastation.
Yellen says no bailout for Silicon Valley Bank: ‘We’re not going to do that again’
Treasury Secretary Janet Yellen said Sunday that federal government bailouts are not coming for Silicon Valley Bank, which collapsed last week.
Silicon Valley Bank gave company-wide bonuses hours before it collapsed: report
Silicon Valley Bank gave its employees their annual bonuses on Friday just hours before the federal government took control of the bank to halt its collapse.
Discussions held to protect deposits if more banks fail: report
The Federal Reserve and FDIC have reportedly discussed creating a fund to protect deposits if more banks come under financial distress.
Billionaire Bill Ackman on SVB collapse: Government has 48 hours to fix 'irreversible mistake'
Billionaire investor Bill Ackman said that the U.S. government needs to take serious action to prevent the financial ruin of other banks amid the failure of Silicon Valley Bank.
Silicon Valley Bank posted 'financial crimes' senior manager job listing just before closure
Silicon Valley Bank made a job posting for “Sr. Manager, Financial Crimes" just before regulators shut it down on Friday, according to its website.
Liberals blame Trump for Silicon Valley Bank collapse citing 2018 bipartisan bill
Liberals took to social media to place blame on former President Trump after FDIC regulators shut down Silicon Valley Bank on Friday after it lost $2 billion.
Andrew Yang warns of 'mass layoffs,' calls for government intervention after Silicon Valley Bank collapse
Andrew Yang, a businessman and Democratic political candidate in multiple races, urged for government action on the collapse of Silicon Valley Bank warning of mass layoffs.
Etsy freezes some transactions after Silicon Valley Bank closure, squeezing sellers nationwide
Etsy sent out an email Friday to its sellers informing them of the transaction freeze, and some have complained that they cannot do anything until Monday morning.
Direct deposits not showing up in some Wells Fargo customer accounts, here's why
Wells Fargo says that a "technical issue" is responsible for some customers not receiving direct deposit payments causing them to overdraft or see a zero balance.
Silicon Valley Bank collapse: Mark Cuban says Fed should 'immediately' take this action
Mark Cuban raised questions about how regulators had allowed Silicon Valley Bank to end up in such a vulnerable position, and demanded that the Federal Reserve take immediate action.
Silicon Valley Bank touts Forbes 'best bank' nod days before becoming largest failure since Great Recession
Days before Silicon Valley Bank collapsed, the bank praised itself for being named onForbes magazine's annual ranking of "America's Best Banks" for five years in a row.
Silicon Valley Bank customers line up outside California location amid frantic rush to withdraw money
Video shows customers lining up outside a Silicon Valley Bank location in Menlo Park, California, on Friday. The bank was seized by California regulators after it went insolvent as customers rushed to access their deposits.
How Silicon Valley Bank got burned
Customers were shut out after the FDIC seized Silicon Valley Bank on Friday, but regulators say funds will be available on Monday for insured customers.
Silicon Valley Bank collapse hits companies such as Camp, Compass Coffee
Kids retailer Camp and coffee company Compass Coffee are among businesses that have seen impacts from Silicon Valley Bank getting shut down on Friday.
Crypto firm Circle has $3.3B exposure to Silicon Valley Bank
The cryptocurrency firm Circle says that $3.3 billion of its $40 billion USD Coin reserves are held by Silicon Valley Bank, a lender that was shutdown on Friday.
Company veteran presided over collapse of Silicon Valley Bank
Greg Becker is a 30-year veteran of Silicon Valley Bank who started as a loan officer and later became president and CEO of SVB Financial Group in 2011.