The Latest Breaking News from SVB

How SVB happened, and how it all came crashing down.

A new bank which has only been in business for two years is considering a bid to buy the British arm of the failed Silicon Valley Bank (SVB), according to reports.

Greg Becker sat in a red armchair at an invite-only conference in Los Angeles last week, legs crossed, one hand cutting through air.

Several companies disclosed late Friday evening the amount of cash they had no deposit at failed Silicon Valley Bank.

Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit Insurance Corporation its receiver.

US regulators have seized Silicon Valley Bank's assets, marking the largest failure of a financial institution since the height of the GFC

You know things are dire when even the short sellers aren’t celebrating.

Ryan Gilbert, the founder of venture capital firm LaunchPad Capital, talks about the failure of the bank that used to be the go-to lender for tech firms.

A hard job just got harder for the Federal Reserve after the biggest U.S. bank failure since 2008 overshadowed another strong payroll report.