Bill Ackman

The collapse of three major US banks has sent a shockwave through the US, with critics of the financial system worried the government’s bailout will cascade into something far worse.The failure of both Silicon Valley Bank and the New…

The collapse of Silicon Valley Bank (SVB) has sent shockwaves through the global economy and there are growing fears of a massive bank-run in the US on Monday (local time).The bank – which serviced start-ups in Silicon Valley – went bust on…

One of the largest banks in the US has spectacularly collapsed after it faced a bank run with customers scrambling to withdraw their cash. Silicon Valley Bank (SVB), based near San Jose, closed its doors on Friday after the California state…