Silicon Valley Bank

First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, potentially calming markets after the biggest U.S. banking collapse since Lehman Brothers. The deal includes purchasing approximately $72...

By Spiros Bougheas The recent collapse of Silicon Valley Bank (SVB), a regional US bank that funded start-up companies in the technology and innovation sector, has created a worldwide wave of financial instability. Despite the efforts of US financial regulators to...

Shares of First Republic Bank continued their free-fall despite a rare move by the biggest U.S. banks to pump $30 billion into the regional lender. The company's stock plunged more than 47% on Monday, while trading was halted numerous times...

Bitcoin was close to nine-month highs on Monday and had its best week in four years as the global banking crisis drives some investors to turn to digital assets. The biggest cryptocurrency by market value hit its highest since June...

A group of big American banks has injected $30bn into a smaller regional bank, First Republic, to avert the crisis in the sector. The move came as authorities in the US are trying to quell panic over the health of...

Stock markets are in turmoil with banking shares falling sharply on Wednesday as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week. The failure of SVB has raised fears that other banks could...

Tim J. Mayopoulos, a Greek-American banker, was appointed by the U.S. Federal Deposit Insurance Corporation as the new boss of Silicon Valley Bank (SVB) which collapsed last week. Mayopoulos was named CEO of the newly created entity, named Silicon Valley...

On Monday, United States President Joe Biden sought to reassure Americans that the banking system is "safe" following the collapse of Silicon Valley Bank (SVB). The president also promised to introduce new banking regulations and made further assurances to United...

The US government has said that people and businesses who have money deposited with failed US bank Silicon Valley Bank (SVB) will be able to access all their cash from Monday. A statement from the US Treasury, the Federal Reserve...