Business

Is this a banking crisis? What to know about the Silicon Valley Bank collapse

Monday, March 13 by ABC News

(NEW YORK) -- The largest bank failure since the 2008 crisis has triggered a major U.S. government intervention to protect the financial system. Silicon Valley... Read More.

Silicon Valley Bank collapse: Treasury, Fed and FDIC announce steps to ensure deposits will be paid in full

Monday, March 13 by ABC News

(WASHINGTON) -- The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced Sunday that they will make additional funding available to ensure all... Read More.

Americans lost $10.3 billion to internet scams in 2022, the FBI says

Monday, March 13 by ABC News

(WASHINGTON) -- Americans lost $10.3 billion to a wide variety of internet scams last year, according to an FBI report released this month. The losses... Read More.

Silicon Valley Bank UK purchased for £1 by HSBC with plan to protect deposits

Monday, March 13 by ABC News

(LONDON) -- Silicon Valley Bank UK is being acquired by HSBC in a £1 deal that will protect deposits, the United Kingdom's chancellor and... Read More.

DOT to send proposed legislation to Congress to ban family seating fees on flights

Monday, March 13 by ABC News

(WASHINGTON) -- The Department of Transportation will send proposed legislation to Congress Monday asking legislators to ban so-called family seating fees on flights. The proposal... Read More.

Taxpayers could see 1st ‘normal filing season’ in years

Sunday, March 12 by ABC News

(NEW YORK) -- You could say the Internal Revenue Service is undergoing a Renaissance. After years of criticism for being inefficient and antiquated, the IRS... Read More.