The Latest Breaking News from Silicon Valley Bank

The failures of two U.S. banks this month meant losses for U.S. public-sector pension systems that invested in them

WASHINGTON - The United States banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' conference Tuesday, as leaders seek to calm global worries.

The Federal Reserve system was stung in late 2021 when it declared signs of emerging inflation to be "transitory" and delayed taking strong action to tamp down price increases.

Silicon Valley Bank had done an unusually good job helping Black and immigrant entrepreneurs connect, network, access capital, and scale.

Washington (AFP) - The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' meeting Tuesday.

The recent collapse of Silicon Valley Bank (SVB) – the failure of the biggest US lender since the 2008 global financial crisis – has created waves across the global banking system. The subsequent collapse of another US institution, Signature Bank, the US$30 billion (£24.5 billion) lifeline given to First Republic…

Treasury secretary says 'similar actions' to the deposit guarantees for Silicon Valley Bank and Signature Bank 'could be warranted if similar institutions suffer deposit runs that pose the risk of contagion.'

“Moral hazard” refers to the risks that someone or something becomes more inclined to take because they have reason to believe that an insurer will cover the costs of any damages.

Treasury Secretary Janet Yellen is trying project calm after recent regional bank failures in California and New York