The Latest Breaking News on Financial Services

Can Washington come to the rescue of Silicon Valley Bank's depositors

Kuwait's central bank said on Sunday there would be very little impact on local lenders from the collapse on Friday of Silicon Valley Bank (SVB). The Kuwaiti central bank governor said that the exposure of the local banks to SVB was very limited and that the banks assured him that…

Government ‘working at pace’ to limit damage, says chancellor

Jeremy Hunt this morning said there is a 'serious risk' to UK tech firms following the collapse of Silicon Valley Bank - but Labour's Rachel Reeves said she is concerned about the urgency shown by the government

The Small and Medium Enterprises Bank (SME Bank), a development bank under the National Development Fund, announced allocating an amount of 10.5 billion riyals to support the small and medium enterprises sector, through existing and new financing programs offered by the Bank, including direct and indirect lending programs, financing guarantee,…

Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a US financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week…

U.S. regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, according to people with knowledge of the situation.

The FDIC emailed SVB employees late last night, offering 45 days of employment.

Fifty Republican and 17 Democratic senators voted to reduce regulations on the bank