Banking

Silicon Valley Bank collapsed late Friday morning after a run on the bank, roiling global financial markets amid fears of a possible liquidity crisis.

The FDIC on Friday took control of Silicon Valley Bank in order to secure depositors after a run on the bank led California regulators to shut it down.

Silicon Valley Bank lost over half its value after investors bailed on the shares following plans for a large capital raise.

A federal judge ruled Thursday that JPMorgan must hand over more documents from its CEO Jamie Dimon in a lawsuit concerning Jeffrey Epstein.

JPMorgan Chase & Co. faces two lawsuits regarding its ties to Jeffrey Epstein, with allegations that the bank was responsible for enabling him as it retained Epstein as a client.

The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.

Silvergate Bank will be wound-down and liquidated, the California-based Silvergate Capital said Wednesday. Speculation about its status had arisen last week.

SoFi Bank N.A. is attempting to halt the Biden administration's pause on federal student loan payments, filing a federal lawsuit on Friday asking a judge to overturn the extension.

Anti-capitalism protesters descended on Manhattan Friday – and video captured one scaling up the front of a Chase Bank before taking an epic plunge to the ground.

ATMs are disappearing due to rising crime and an increase in digital transactions. Banks are forced to close ATMs at night in major cities like New York.

Silvergate has delayed its annual report with the Securities and Exchange Commission after reporting a $1 billion loss for fourth quarter and is now concerned about ability to operate.

Bank of America recorded $1.2 billion in fines, settlements and expenses in 2022, topping the costs paid the previous two years.

Office of the Comptroller of the Currency joined the Federal Reserve and Federal Deposit Insurance Corp. in issuing the joint warning about crypto's risks.

Ajay Banga is a former CEO of Mastercard who expanded the business 13 fold during his tenure. The outgoing president of the World Bank is David Malpass.

JPMorgan is restricting employees from using ChatGPT. No direct incident is involved but the company led by Jamie Dimon worries about losing company secrets.

Citigroup raised its forecast for global growth slightly to 2.2% for 2023 and expects the Fed to hike interest rates three times.

Brookfield Asset Management recently defaulted on a total of over $750 million in debt for a pair of 52-story towers in Los Angeles, according to a February securities filing.

JPMorgan Chase executives repeatedly flagged troubling sex abuse allegations against their client, convicted pedophile Jeffrey Epstein, according to a new report.

Initial public offerings (IPO) were down in 2022 amid inflationary pressures and economic downturn, and experts don’t predict the market to improve in 2023.

Warren Buffett's company Berkshire Hathaway made several portfolio changes at the end of the year involving Apple and some big bank names.