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The Latest Breaking News from SVB

Startup founders are reeling as their Silicon Valley Bank funds are in limbo: ‘Our heads are spinning’

Founders who spoke with Fortune are frantically trying to untangle when they’ll get any money back—and how long they can make payroll.

Fortune

Collapse of Silicon Valley Bank Puts Many Startups in Dire Straits

The bank was the to-go lender for most startups and venture capital firms in Silicon Valley. Its failure is a huge loss for tech.

The Street

Why SVB's Failure is Unlikely to Spur Banking Meltdown

The collapse has led to some worry about the safety of the banking system as a whole.

The Street

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A major Bay Area bank just failed. ‘Spectacular overpriced bubbles’ are going to keep popping, warns legendary investor Jeremy Grantham

Grantham blamed a “horror show” of Fed policies for a bear market he says likely won’t bottom out until late next year.

Fortune

Silicon Valley Bank Collapse: Large Account Holders Are Unsecured Depositors

The FDIC insures a maximum $250,000 deposit for account holders at banks.

The Street

A Silicon Valley lender collapsed after a run on the bank. Here's what to know

Silicon Valley Bank was taken over by federal regulators on Friday, capping a spectacular collapse after the lender suffered a run on deposits.

WEKU

SVB Collapse Stops Big Fed Rate Hike Bets In Their Tracks, Hammers U.S. Stocks

Another hot jobs report should have consolidated bets on a 50 basis point Fed rate hike. Then came the SVB collapse.

The Street

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Biotech, Banking Stocks Tumble As Federal Officials Seize SVB Deposits

The federal government's takeover of Silicon Valley Bank on Friday sent shock waves through the medical sector and hammered biotech stocks.

Investors Business Daily

This weekend is everything for Silicon Valley Bank and its customers

The next three days will determine if the situation escalates from an inconvenience to a crisis for SVB clients, most of which are businesses that need to meet payroll.

Axios

Silicon Valley Bank just sucked all the oxygen out of SXSW

Just as Silicon Valley entrepreneurs were landing in Austin for the annual South by Southwest celebration, the startup industry's primary bank collapsed.

Fortune

Silicon Valley Bank swiftly collapses after tech startups flee

Silicon Valley Bank became the biggest U.S. lender to fail in more than a decade after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the tech startups that had fueled the lender’s rise.

Tribune News Service

Stock Market Sinks As Nasdaq Falls 1.8%; Bank Shutdown Hits Sector And Beyond

The stock market's major indexes closed sharply lower after a brutal day. Bank stocks fell hard after SVB Financial bank was shut down.

Investors Business Daily

Markets in turmoil as US closes Silicon Valley Bank

SANTA CLARA (UNITED STATES) - US regulators shut down Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.

Bangkok Post

Two US Banks Collapse in 48 Hours. Which One's Next?

Silvergate served the cryptocurrency industry, while SVB was the bank for Silicon Valley tech startups.

The Street

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Investors Business Daily

Stock Market Tumbles Amid SVB Financial Collapse, 'Faster' Powell: Weekly Review

The stock market suffered serious losses this past week as Fed chief Jerome Powell's hawkish testimony and SVB Financial's collapse.

The Street

Silicon Valley Bank Fails; FDIC Takes Over, Creates New Bank

Silicon Valley Bank was closed by the Federal Deposit Insurance Corp., which launched the Deposit Insurance National Bank of Santa Clara.

Fortune

SVB cash crunch highlights $620 billion hole in banks’ balance sheets

The spike in interest rates has been devastating for the value of their securities portfolios, meaning many carry around billions in unrealized losses that could pose a problem if funding dries up.

Evening Standard

Silicon Valley Bank collapses and enters receivership after tech firms pull funds

Silicon Valley Bank has been closed by California regulators after tech firms scrambled to withdraw funds from the business.

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Axios

U.S. government takes control of Silicon Valley Bank

This is the largest bank failure since Washington Mutual in 2008.

The Street

One of Jim Cramer's Top Stock Picks Just Imploded

The investing genius isn't always right.

Fortune

Silicon Valley Bank’s parent is reportedly struggling to pull off a fire sale after its stock blew up and it failed to raise capital

“It doesn’t smell good right now, and there’s a lot of panic,” a venture investor who spoke with dozens of SVB clients told Fortune Thursday.

Fortune

Why regulators have a banking crisis, not a crypto one

SVB is 20 times bigger than Silvergate. Its collapse points to a much bigger problem than crypto.

The Street

Here's What Happened to SVB Financial Group

A letter from SVB Financial Group earlier this week has caused concern amongst clients and investors as billionaire Bill Ackman makes a comparison to Bear Stearns.

The Street

Silicon Valley Bank Becomes the Second-Largest U.S. Bank Failure

Regulators have shut down the California bank, considered the backbone of startups and venture capital firms in Silicon Valley.

Axios

Silicon Valley's burning bank

The bank's failure would be the biggest since Washington Mutual.

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