The Latest Breaking News from Silicon Valley Bank

Many people assume the wrong approach is correct.

Protecting the assets of Silicon Valley Bank and Signature Bank avoided what Warren Buffett, CEO of Berkshire Hathaway, said would have been a "catastrophic" scenario on the banking system.

US authorities are looking into whether big investment firms are targeting, or attacking, otherwise healthy banks to make a profit.

New York (AFP) - US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.

U.S. officials said they were monitoring the banking sector for signs of fraud back in March.

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead

Bill Ackman, Nelson Peltz, and Jeffrey Gundlach all think the Fed is wrong about the banking system.

A crisis of confidence in the US banking sector led people to pull their money from banks including Silicon Valley Bank and Credit Suisse, and more recently, First Republic Bank and California-based PacWest Bancorp. The way these events have unfolded have created a new term in the vocabulary of finance:…

"The bank has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news," PacWest said.

The hedge fund manager has called for stronger government intervention, including full depositor protection, since turmoil began in early March.