The Latest Breaking News from Silicon Valley Bank

The OpenAI founder called for more banking regulations and called SVB a “badly mismanaged bank.”

Are banks going bad again? Markets are scrambling to contain the shockwaves from the collapse of Silicon Valley Bank, a California lending institution favoured by tech startups. Its seemingly safe bet on government bonds proved a bust, triggering an old-fashioned run on the bank. Is it contagious? The bank's failure…

SANTA CLARA, California — Federal officials moved to insure all deposits at failed Silicon Valley Bank, hoping to inoculate the banking system against contagion, but shares of another Bay Area regional bank plunged on Monday.

With more than $110 billion in assets, Signature Bank just became the third-largest bank failure in U.S. history. Here’s what consumers need to know about bank failures and protecting their money.

In the US, the Federal Reserve has stepped in to guarantee deposits. The tech sector should realise it can’t go it alone, says James Ball, of The Bureau of Investigative Journalism

Biden's comments about SVB added to scrutiny of a 2018 law that eased banking requirements, but it's not clear that's what cause the failure

Silvergate, Silicon Valley Bank and Signature Bank collapsed in the same week. All eyes are now on First Republic Bank.

Rescue of Silicon Valley Bank’s British arm followed fears sector would be plunged into crisis

The economist also said that the Fed will likely now “retreat” on interest rate hikes.