The Latest Breaking News from SVB

Magnus Billing urged Alecta to “take actions based upon the lessons learned.” The action was his dismissal.

The CEO of Tesla says legendary investor would be his choice for the U.S. Secretary of the Treasury.

The sudden collapse of Silicon Valley Bank on March 10 caused panic among depositors at many banks, large and small.

“I think we’re getting near the end of this particular crisis,” Dimon told CNN Thursday—but he still worries about the potential for a U.S. recession.

There are banks and then there are systemically important banks. These banks are too-big-to fail. They are required to maintain certain financial buffers to protect depositors from fast moving markets, concentrated bank investments and guard against putting the broader financial system at risk.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law on July 21, 2010. Introduced by Senator Christopher Dodd of Connecticut and Representative Barney Frank of Massachusetts, it sought to reform the financial industry after the Financial Crisis of 2007–2008 and the ...

Jamie Dimon wrote about the Fed's role in SVB's meltdown, A.I. improving efficiency in banking, seeing Apple and Walmart as competitors, and more.

Jamie Dimon says downfalls of Silicon Valley Bank and Credit Suisse have undermined confidence

The JPMorgan Chase CEO also outlined his thoughts on a potential recession in his annual shareholder letter this week, and discussed consumers’ fading savings.