The Latest Breaking News from Silicon Valley Bank

With global financial markets changing in an instant, several major banks have felt its wrath so far. Friday night, Germany's Deutsche Bank was in the firing line.

The 15-year tech boom has ended with rounds of mass layoffs and a recent series of high-profile bank collapses. So what went wrong and will Silicon Valley ever be the same?

History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.

Shares in Deutsche Bank, Germany’s largest lender, have fallen sharply and dragged down major European banks as fears about weaknesses in the global financial system send fresh shudders through the markets

Boards must rethink their assumptions about "safe" financial decisions in the wake of Silicon Valley Bank's collapse.

European Union leaders gathered Friday to gauge the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia's war in Ukraine. The deliberations by EU government heads in Brussels follow US regulators shutting down two US…

US bank regulators closed Silicon Valley Bank (SVB) on March 10 2023, after it suffered US$42 billion (£35 billion) of deposit withdrawals in a 24-hour period. This was the largest bank failure since the 2008 global financial crisis and was not supposed to happen again.

Do we have a banking crisis in the United States or don’t we?

While there is little sympathy for banks or the Silicon Valley crowd, surely the US government could have tried saving the bank rather than shutting it overnight.