Silicon Valley Bank’s parent company files for bankruptcy
SVB Financial Group files for chapter 11 protection but failed Silicon Valley Bank, now under FDIC control, is not part of bankruptcy
What is happening in financial markets and could there be a global crisis?
Banking system is reeling from a series of shocks but is in better shape than at time of 2008 crash
Silicon Valley Bank said it was too small to need regulation. Now it’s ‘too big to fail’
Student debts and underwater mortgages are private burdens, but corporate losses are matters of urgent public interest
Former Barclays boss Jes Staley to face US deposition over Epstein ties
JP Morgan to depose ex-employee as part of lawsuit claiming he hid key information about sex trafficker client
Credit Suisse hit by legal action from US investors amid banking turmoil
Complaint claims bank made ‘materially false and misleading statements’ in 2021 annual report
Friday briefing: How to understand Credit Suisse, Silicon Valley Bank and fears of a new crisis
In today’s newsletter: We’re far from financial crisis territory, but share crashes have caused some fright in the markets. This is why
US banks launch $30bn rescue of First Republic to stem spiraling crisis
Bank of America, Goldman Sachs, JP Morgan agree to prop up troubled bank after its shares tumbled amid wider turmoil
Swiss authorities only buy Credit Suisse time with £44bn loan
Leisurely turnaround timetable from a crisis 10 years in the making can’t take many more setbacks
ECB raises eurozone interest rate despite banking sector fears
Concerns half-point could set off domino effect across financial industry knocked by Credit Suisse crisis
Unlike 2008, Credit Suisse and SVB haven’t been saved by governments. But let’s not make ‘bailout’ a dirty word
In the US, Biden has assured voters that no taxpayer money would go to at-risk banks, but trust in the system relies on such support, says finance professor Jens Hagendorff
ECB’s Lagarde insists banks much stronger than in 2008 after raising interest rates despite Credit Suisse turmoil – as it happened
ECB presses on with 0.5 point increase in eurozone interest rates, and says it stands ready to respond to market turmoil
ECB faces dilemma over interest rate rise amid Credit Suisse crisis
European Central Bank could opt for a smaller increase as concerns spread over health of banking system
‘The first Twitter-fuelled bank run’: how social media compounded SVB’s collapse
The speed at which Silicon Valley Bank collapsed has left experts questioning whether social media has opened up entirely new risks in the world of finance
Credit Suisse takes $54bn loan from Swiss central bank after share price plunge
After largest shareholder was unable to provide backing, Europe’s 17th largest lender says it will use government help to become ‘simpler and more focused’