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.
Silicon Valley Bank collapse marks worst bank failure since Great Recession
Silicon Valley Bank, the 16th largest bank in the U.S., collapsed on Friday, marking the worst bank failure since the fall of Washington Mutual during the Great Recession in 2008.
Sam-Bankman Fried faces revoked bail as judge wonders about communication restrictions
The judge worried about whether restrictive communications for Sam Bankman-Fried would be sufficient, concerns that raised questions about if he could have his bail revoked as he awaits the trial.
Tech CEO with millions in Silicon Valley Bank: 'Innovation in the startup world is bleeding today'
FarmboxRx CEO Ashley Tyrner, who has $10 million in Silicon Valley Bank, discusses the impact that the collapse will have on innovation and startups.
Yellen says US banking system 'remains resilient' in wake of SVB collapse
Silicon Valley Bank collapsed late Friday morning after a run on the bank, roiling global financial markets amid fears of a possible liquidity crisis.
Silicon Valley Bank shut down by regulators
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.
Do personal loans affect my taxes?
Personal loans don’t usually affect taxes, but they can. Read on to learn the tax implications of personal loans and personal loan interest.