silicon valley bank

Congress Was Told Deregulating Banks Increased Crisis Risks. They Did It Anyway.

A bill that Democrats supported and Trump signed into law in 2018 weakened regulations on entities like Silicon Valley Bank, whose collapse set off fears of another financial crisis.
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Government Races To Reassure U.S. That Banking System Is Safe

President Joe Biden insisted that the system was safe after the second-and third-largest bank failures in the nation's history happened in the span of 48 hours.
By Ken Sweet, Christopher Rugaber, Chris Megerian and Cathy Busseweitz, AP

Can The Chaos From Silicon Valley Bank's Fall Be Contained?

Lawmakers are trying to decide whether the federal government should bail out a failed bank that mostly served the wealthy and powerful.
By Ken Sweet, AP

U.S. Government: Silicon Valley Bank Clients Will Get Funds

The bank, which served tech workers and venture capital-backed companies, was the second-biggest bank failure in U.S. history after the 2008 collapse.
By Chris Megerian, AP

Silicon Valley Bank Seized By FDIC As Depositors Pull Cash

It marks the largest bank failure since Washington Mutual during the height of the 2008 financial crisis.
By KEN SWEET, AP