The search for causes and culprits for the Silicon Valley Bank failure is refocusing attention on a 2018 federal law that rolled back tough bank regulations put in place after the 2008 financial crisis
The recent failures of Silicon Valley Bank and Signature Bank may have you worried about your money
Critics point to many red flags surrounding Silicon Valley Bank, including its rapid growth since the pandemic and its unusually high level of uninsured deposits
The lawsuit says some quarterly and annual financial reports from SVB didn’t fully account for warnings from the Federal Reserve about interest rate hikes
Entrepreneurs who had deposited all their startups’ money in Silicon Valley Bank are now realizing it makes more sense to spread their funds across several institutions
US authorities have asserted that deposits are guaranteed while investors keep dumping shares and central banks rethink their monetary policy following the collapse of Silicon Valley Bank and Signature Bank
Biden’s ability to avert a contagion among financial institutions will test his contention that his administration represents competence and stability
It’s all eerily reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago
What’s happening is eerily reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago. Yet the initial pace this time around seems even faster
The president’s words of assurance come after the swift and stunning collapse of two banks prompted fears of a broader upheaval
The British Treasury and the Bank of England ‘facilitated the sale’ of the lender to HSBC, ensuring the security of $8.1 billion of deposits
The Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients will be protected
The California bank is now looking for a buyer after its debacle this week
Companies all over the world are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday
The second-biggest bank failure happened after depositors began withdrawing their money creating a run on the bank.
Amazon, Alphabet, Microsoft, Meta and Apple nearly doubled their total workforce over the past three years. But now they are letting more than 50,000 employees go
Earlier this week, Microsoft announced 10,000 job cuts, or nearly 5% of its workforce
The Kremlin is taking advantage of the restructuring of Russian search engine Yandex to increase its control over the news its citizens see online
The son of Chinese immigrants to the US, Wang dropped out of college after his freshman year to found Scale Al, a company that helps companies like Uber, Toyota, and Airbnb optimize their artificial intelligence systems
Silvia Vasquez-Lavado, a former executive at eBay and Paypal, has published a memoir explaining how she went from shunning nature walks to climbing the world’s Seven Summits
The secretive Altos Labs, which is said to be backed by Jeff Bezos and Yuri Milner, has recruited leading specialists to find ways of reprogramming cells and ultimately prolong human life
Diamond Foundry, a Silicon Valley company that ‘grows’ the precious gems, has chosen Trujillo in Extremadura for an upcoming factory project
Having reached the top through a supposedly revolutionary technology to diagnose disease, the Theranos founder is now facing 12 counts of fraud and conspiracy and could be sentenced to 20 years
Three Spanish techies create a fund to help Spanish initiatives survive in America’s startup mecca
Could we live to 140? 1,000? Is there a limit? Scientific research into extending the human lifespan is being backed by Silicon Valley giants such as Google and Facebook
Adeyemi Ajao, cofounder of Tuenti, discusses life among the California tech set
Gabriel Bestard’s innovative keyless lock is set to go on sale in the United States in November