The Latest Breaking News from Signature Bank

President Biden's call for a legislative response to the SVB collapse is meeting skepticism from members of both parties on Capitol Hill.

The Federal Reserve's plan to expand oversight of lenders after the collapse of SVB Financial Group and Signature Bank is a move in the right direction. While it will likely be a laborious process, there is also an easy fix.

It was a scene straight out of the Great Depression: a major California bank locking its doors and pulling down the shades as a horde of panicky depositors demanded their money.

Seventy-two hours after the stunning failure of Silicon Valley Bank, federal action means Seattle-area tech and wine industry companies can have access to millions of dollars frozen in SVB accounts.

Signature Bank was seized by the government Sunday after regulators lost faith in management and depositors fled, according to New York officials.

The US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump…

The collapse of three US banks in less than a week has sent shockwaves through the financial industry, with global stocks plunging and public confidence shaken.

It's never a good sign when "bank collapse" is trending on Twitter.

“We need to learn something from that and take actions based upon the lessons learned," Alecta CEO Magnus Billing told Bloomberg on Tuesday.