The Latest Breaking News from Silicon Valley Bank

SVB’s failure was the biggest bank collapse since Washington Mutual Bank in 2008.

Bank runs, by their very nature, happen fast. But in an age of instant communication, social media and money transfers at the touch of a button, they can now happen in the blink of an eye.

Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. The failures at SVB and Signature were two of the three biggest…

Influential voices from Wall Street and Silicon Valley used social media to urge regulators to rescue Silicon Valley Bank depositors. The strategy worked.

For those with plenty of liquid assets, knowing how FDIC insurance works can save potential headaches down the line.

Australian stocks end sharply lower, as markets across the region take a tumble after US bank stocks suffered their biggest falls in 2.5 years. Here's how the day's events unfolded on the ABC News markets blog.

Cuban suggested a measure that needs to be taken regarding insured accounts at banks is necessary.

Bank failure reaches far beyond ‘coastal-tech-elite’

Influential voices from Wall Street and Silicon Valley used social media to urge regulators to rescue Silicon Valley Bank depositors. The strategy worked.

As Chinese President Xi Jinping declared he’d create a ‘great wall of steel’ to protect his country, British Prime Minister Rishi Sunak declared the UK needs to be ‘ready to stand our ground’, and horror stories about gambling in NSW keep pouring in.

A small army worked through the weekend to ensure 3,500 UK customers – largely tech firms – still had cash on Monday