Banking

Liberals took to social media to place blame on former President Trump after FDIC regulators shut down Silicon Valley Bank on Friday after it lost $2 billion.

Andrew Yang, a businessman and Democratic political candidate in multiple races, urged for government action on the collapse of Silicon Valley Bank warning of mass layoffs.

Etsy sent out an email Friday to its sellers informing them of the transaction freeze, and some have complained that they cannot do anything until Monday morning.

Wells Fargo says that a "technical issue" is responsible for some customers not receiving direct deposit payments causing them to overdraft or see a zero balance.

Mark Cuban raised questions about how regulators had allowed Silicon Valley Bank to end up in such a vulnerable position, and demanded that the Federal Reserve take immediate action.

Days before Silicon Valley Bank collapsed, the bank praised itself for being named onForbes magazine's annual ranking of "America's Best Banks" for five years in a row.

Video shows customers lining up outside a Silicon Valley Bank location in Menlo Park, California, on Friday. The bank was seized by California regulators after it went insolvent as customers rushed to access their deposits.

Customers were shut out after the FDIC seized Silicon Valley Bank on Friday, but regulators say funds will be available on Monday for insured customers.

Kids retailer Camp and coffee company Compass Coffee are among businesses that have seen impacts from Silicon Valley Bank getting shut down on Friday.

The cryptocurrency firm Circle says that $3.3 billion of its $40 billion USD Coin reserves are held by Silicon Valley Bank, a lender that was shutdown on Friday.

Greg Becker is a 30-year veteran of Silicon Valley Bank who started as a loan officer and later became president and CEO of SVB Financial Group in 2011.

Silicon Valley Bank, the 16th largest bank in the U.S., collapsed on Friday, marking the worst bank failure since the fall of Washington Mutual during the Great Recession in 2008.

FarmboxRx CEO Ashley Tyrner, who has $10 million in Silicon Valley Bank, discusses the impact that the collapse will have on innovation and startups.

Silicon Valley Bank collapsed late Friday morning after a run on the bank, roiling global financial markets amid fears of a possible liquidity crisis.

The FDIC on Friday took control of Silicon Valley Bank in order to secure depositors after a run on the bank led California regulators to shut it down.

Silicon Valley Bank lost over half its value after investors bailed on the shares following plans for a large capital raise.

A federal judge ruled Thursday that JPMorgan must hand over more documents from its CEO Jamie Dimon in a lawsuit concerning Jeffrey Epstein.

JPMorgan Chase & Co. faces two lawsuits regarding its ties to Jeffrey Epstein, with allegations that the bank was responsible for enabling him as it retained Epstein as a client.

The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.

Silvergate Bank will be wound-down and liquidated, the California-based Silvergate Capital said Wednesday. Speculation about its status had arisen last week.