Federal regulators stepped in Sunday to back all Silicon Valley Bank deposits, resolving a key uncertainty surrounding the second-largest bank failure in U.S. history hours before global stock markets resumed…
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Editor's Pick
Is Silicon Valley Bank getting a government bailout? Not in the 2008 sense
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Federal officials have announced they are guaranteeing all deposits at Silicon Valley Bank, the tech-focused lender that U.S. authorities shut down Friday in one of the biggest bank collapses in…
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Why regulators seized Signature Bank in the third-biggest bank failure in U.S. history
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On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC. That run on deposits quickly led to the…
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Regional bank stocks struggle amid fears of Silicon Valley Bank contagion
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Shares of U.S. regional banks slumped on Monday, led by sharp losses in First Republic Bank as news of fresh financing failed to assuage fears of possible bank contagion following the…
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Etsy restores payment processing for some sellers affected by Silicon Valley Bank collapse
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Etsy has begun processing payments to some of the sellers on its platform who were impacted by the collapse of Silicon Valley Bank, the tech company said Monday. ‘Approximately 0.5%…
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Payroll panic, flash sales, shrugs: How SVB’s business customers handled its collapse
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The tech community is still reeling from the abrupt collapse of Silicon Valley Bank, the industry’s one-time financial engine that flamed out last Friday in the second-largest bank failure in…
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Silicon Valley Bank quietly laid off employees as tech firms in its backyard also slashed jobs
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Months before it became the second-largest bank in U.S. history to fail, Silicon Valley Bank quietly laid off 100 to 120 employees, according to an internal email seen by NBC…
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Inflation cooled to 6% in February as the Federal Reserve weighs next steps on interest rates
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Price growth cooled to an annual rate of 6% in February, according to data released Tuesday by the U.S. Bureau of Labor Statistics. The annual reading was lower than January’s…
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Swiss regulator offers lifeline to Credit Suisse after its troubles rattle global markets
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Swiss regulators stepped in to reassure global financial markets after fresh fears about the viability of Credit Suisse threatened wider fallout just days after two historic U.S. bank failures. The…
In a harsh blow to an already-reeling sector, Moody’s Investors Service on Monday cut its view on the entire banking system to negative from stable. The firm, part of the…