Class action suit filed against Silicon Valley Bank’s parent company, executives
(NEW YORK) -- SVB Financial Group and top executives have been named in a federal lawsuit amid the collapse of Silicon Valley Bank, the... Read More.
Business
Here’s who’s made money amid the Silicon Valley Bank turmoil
(NEW YORK) -- A string of bank collapses in recent days sent panic rippling through the financial sector, prompting an extraordinary U.S. government intervention... Read More.
OpenAI CEO Sam Altman says AI will reshape society, acknowledges risks: ‘A little bit scared of this’
(NEW YORK) -- The CEO behind the company that created ChatGPT believes artificial intelligence technology will reshape society as we know it. He believes... Read More.
Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoil
(NEW YORK) -- Bank stocks in the U.S. and Europe tumbled on Wednesday as the global financial system continued to reckon with the Silicon... Read More.
Experts call cryptocurrency a ‘bystander’ in SVB, Signature Bank collapses
(NEW YORK) -- In the wake of last year's collapse of cryptocurrency exchange FTX, the collapse this week of Silicon Valley Bank and Signature... Read More.
Why most bank deposits are safe, despite the Silicon Valley Bank collapse
(NEW YORK) -- The failure of Silicon Valley Bank, the second-biggest bank collapse in U.S. history, called into doubt the fate of roughly $175 billion... Read More.
A bailout or not? Did the federal government bailout Silicon Valley Bank and Signature Bank?
(NEW YORK) -- The word “bailout” is sure to make anyone who remembers the 2008 financial crisis nostalgic in all the worst ways. At... Read More.
Treasury Secretary Yellen testifies ‘banking system is sound’
(WASHINGTON) -- Treasury Secretary Janet Yellen told Congress on Thursday the U.S. "banking system is sound" after two bank failures stirred economic fears.
Yellen, who testified... Read More.
TikTok has your data even if you’ve never used the app: Report
(WASHINGTON) -- A ban on TikTok in the United States or a sale of the app by its Chinese owner, ByteDance, will not resolve... Read More.
Ford recalling over 1 million cars over brake hose issue
(NEW YORK) -- Ford announced this week that it is recalling more than 1.2 million of its vehicles over a serious issue with its... Read More.
Silicon Valley Bank: How a digital bank run accelerated the collapse
(NEW YORK) -- The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, took place over less than 48 hours.
Customers withdrew $42... Read More.
Silicon Valley Bank marketed itself as a climate tech-friendly bank. How will its collapse impact the industry?
(NEW YORK) -- Silicon Valley Bank's failure on Friday raises concerns over the potential impacts on the climate technology industry, where SVB was heavily involved.
"They... Read More.
