The Latest Breaking News on Financial Services

Joe Biden says the government's swift actions to help depositors in two banks should give the public confidence the US banking system is safe

Are banks going bad again? Markets are scrambling to contain the shockwaves from the collapse of Silicon Valley Bank, a California lending institution favoured by tech startups. Its seemingly safe bet on government bonds proved a bust, triggering an old-fashioned run on the bank. Is it contagious? The bank's failure…

Bill Ackman calls on the federal government to step in to solve the failed bank as Elon Musk is open to buying the bank

Silicon Valley Bank, an institution that specialised in tech, might seem a long way away from Australia, but we should take note.

Given the antipathy towards Wall Street bailouts in the 2008 crisis, Biden is at pains to stress that ‘no losses’ will be borne by taxpayers

SANTA CLARA, California — Federal officials moved to insure all deposits at failed Silicon Valley Bank, hoping to inoculate the banking system against contagion, but shares of another Bay Area regional bank plunged on Monday.

Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe

Gold prices have rallied 5.5% in just a couple of days as investors, spooked by the bank failures, buy up safe-haven assets. Here's what the charts say now.

Conference call of doom & cash run as start-ups’ bank implodes

Trump-era Dodd-Frank rollback contributed to Silicon Valley Bank's downfall

Barclays have named a Scottish location in their latest wave of closures as 'visits to branches continue to fall'.