The Latest Breaking News from Silicon Valley Bank

The FDIC is still trying to sell the bank, which is having trouble finding a buyer.

RECAP: Asian equities advanced yesterday after a rescue package for First Republic Bank fuelled a rebound in US shares. Even so, the MSCI gauge of Asian shares recorded a second weekly loss after the recent turbulence in the global banking sector.

WASHINGTON — President Joe Biden on Friday urged Congress to pass legislation that would give the Federal Deposit Insurance Corporation authority to “claw back” executive pay at failed banks and to bar the executives from jobs in the banking industry.

It's a familiar cycle: Boom, bust, then bailout. Now everyone is wondering where the financial regulators were

The sudden collapse of two U.S. banks last week left many people wondering about the safety of their own deposits, the health of the banking system and consequences down the road.

The funds and corresponding portfolio company holdings won’t be included in the bankruptcy proceedings.

Family social networking platform Life360 has access to its money at Silicon Valley Bank and expects to start growing its funds next quarter.

President Biden said the current law limits his administration's power to hold executives responsible when mid-sized banks fail due to mismanagement.

In the middle of a market panic that has felled two US banks and pushed several others to the brink, the European Central Bank (ECB) has raised interest rates by another 0.5 percentage points. The ECB’s president, Christine Lagarde, had been warning this was necessary to bring eurozone inflation back…