Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
CNBC Technology
What the failures of Signature, SVB and Silvergate mean for the crypto sector
The failure of crypto-focused banks once again showed the vulnerability of stablecoins, which can lose their peg in unusual financial situations.
SVB's tech failings were a problem long before the bank run that led to its demise, critics say
A former Silicon Valley Bank employee and some SVB clients say the firm's inadequate technology created problems long before the run on the bank.
Silver Lake and CPP Investments to acquire Qualtrics for $12.5 billion
Silver Lake and CPP Investments acquire Qualtrics for $12.5 billion
GitLab loses one-third of its value after software company issues weak revenue forecast
GitLab posted 58% revenue growth in the latest quarter, but its guidance for fiscal 2024 missed analysts' estimates.
SVB crisis shows Fed needs to slow down or a 'lot more stuff is going to break,' Altimeter's Gerstner says
Altimeter Capital's Brad Gerstner said that rate hikes need to slow in order to avert an ongoing crisis at regional banks.
Rivian is revisiting its exclusivity agreement with Amazon for EV delivery trucks
Eliminating the exclusivity clause of the agreement would allow Rivian to court new customers as it works to ramp up production and seeks a cash infusion.
ChatGPT and generative AI are booming, but the costs can be extraordinary
It can cost millions of dollars to train and operate generative AI technologies like ChatGPT, which are being subsidized by tech companies and VCs.
Neuralink competitor Science launches new platform to accelerate medical device innovation
The biotechnology startup Science on Monday launched a new platform that aims to make it easier for other companies to develop medical devices.
Founders swarmed SVB’s Bay Area branches looking for answers after bank's historic failure
Silicon Valley Bank's clients went to physical branches on Friday searching for answers as the bank rapidly collapsed.
Silicon Valley Bank signed exclusive banking deals with some clients, leaving them unable to diversify
Silicon Valley Bank required some clients to agree to exclusivity clauses, disabling them from diversifying where they held their money, SEC records show.
Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available
Circle, which issues USD Coin (USDC), said that the $3.3 billion it held with the now-collapsed SVB will be "fully available" on Monday when U.S. banks open.
U.S. government steps in and says people with funds deposited at SVB will be able to access their money
Banking regulators devised a plan Sunday to shore up deposits at Silicon Valley Bank, a critical step in stemming a feared panic.
Hundreds of venture capital firms vow to work with Silicon Valley Bank again if new owner is found
Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
The U.S. cryptocurrency firm Circle's USD Coin lost its dollar peg and fell to a record low Saturday morning.
Investors implore the government to step in after Silicon Valley Bank failure
Voices from tech and finance are increasingly calling for the federal government to push another bank to take over the failed Silicon Valley Bank.
Venture capitalists urge startups to withdraw funds from crisis-laden Silicon Valley Bank
VC firms are urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, fueling fears of a run on the tech-focused bank.
Companies scramble to meet payroll, pay bills after SVB's swift failure
Tech companies that banked at SVB are wondering when they're going to be able to pay employees and their bills after Friday's collapse.
Silicon Valley investors and founders express shock over SVB's collapse, describe struggles to get money out
As Silicon Valley Bank was taken over by the FDIC on Friday, investors and start-ups with money there struggled to make sense of the situation.
Roku says 26% of its cash reserves are stuck in Silicon Valley Bank
Around $487 million of Roku's cash reserves are stuck at Silicon Valley Bank, the streaming media company said Friday.
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