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.
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.