Silicon Valley Bank

The public push is part of a larger effort by the Biden administration to safeguard the U.S. economy and ensure that individual bank failures can be contained without triggering a chain reaction across the wider financial system

Prior to closing down Silicon Valley Bank, Fed supervisors had first raised questions about the bank’s risky practices in 2021 and had warned the bank’s management about them in the fall of that year

The 125-year-old institution from North Carolina has multiplied its size by five in three years through numerous acquisitions

Michael Barr, the nation’s top banking regulator, spoke Tuesday during a Senate Banking Committee hearing

The Conference Board reported that its consumer confidence index rose to 104.2 in March, even as persistent inflation, bank collapses and anxiety over a possible recession weighed on Americans

Experts say it’s probably a good idea for small businesses to diversify funds and make sure they’re in close contact with their banker, but emphasized that in the short term their bank accounts are safe

‘SVB’s failure is a textbook case of mismanagement,’ Michael Barr, the Fed’s vice chair for supervision, said

However, experts caution the sale doesn’t by itself provide an immediate all-clear for other banks following the second- and third-largest U.S. failures in history. That will likely take more time

Investors have been hunting for what banks could be next to fall as the system creaks under the pressure of much higher interest rates

The lender failed after depositors rushed to withdraw money amid fears about the bank’s health. It was the second-largest bank collapse in U.S. history after the 2008 failure of Washington Mutual

Perhaps no treasury secretary has arrived with such an ample resume. All of her know-how was put to a severe test as she worked to assure multiple constituencies, including financial markets, balky Republicans in Congress and President Joe Biden’s White House economic team

Cases such as those of Silicon Valley Bank and Credit Suisse show how the sector is facing new risks, such as the speed of fund outflows or the viral spread of bad news and rumors

Shares of Germany’s largest bank fell more than 10%, bringing concerns about the health of the financial system back to the forefront

The upheaval in the financial system that’s followed the collapse of two major U.S. banks is raising the likelihood that lending standards will become sharply more restrictive

Leaders of the Senate’s banking committee are looking into the collapse of Silicon Valley Bank and Signature Bank and have told the ex-CEOs that they expect them to testify

The Fed warned that the financial upheaval stemming from the collapse of two major banks is ‘likely to result in tighter credit conditions’ and ‘weigh on economic activity, hiring and inflation’

Investors who held bonds known as CoCos were wiped out in the sale to UBS, triggering fears that banks will find it harder to borrow and in turn tighten credit

Most analysts expect a rise of 25 basis points to reach 4.75%-5% despite the turmoil triggered by the collapse of Silicon Valley Bank

The investors who lost millions after two large US banks failed included public-sector pension funds responsible for ensuring the retirements of teachers and other government workers

She added that additional rescue arrangements ‘could be warranted’ if any new failures at smaller institutions pose a risk to financial stability

A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018

The bank received a $30 billion rescue package from 11 of the biggest U.S. banks last week in an effort to prevent its collapse

Fears remain that other banks have misjudged the risk to their finances from rising interest rates, as Silicon Valley did

The fall of SVB has caused multi-billion dollar losses around the world and will weigh on the economy, but experts believe that authorities can contain the damage

The 40 branches of Signature Bank will become Flagstar Bank, starting Monday

Industry experts predict it could become even harder for people of color to secure funding or a financial home supporting their startups

How is the response being paid for? Will Americans end up footing the bill for bank failures? Is this a bailout?