Wells Fargo & Co

A home in Lynch, Kentucky.Scott Olson | Getty ImagesThe banking turmoil of March, which saw the collapse of several regional U.S. lenders, will lead to a credit crunch for "small-town America," according to veteran strategist David…

When Microsoft first invested $1 billion in OpenAI in 2019, the deal received no more attention than your average corporate venture round. The startup market was blazing hot, and artificial intelligence was one of many areas attracting…

A Silicon Valley Bank worker talks with people lining up outside of the bank office on March 13, 2023 in Santa Clara, California.Justin Sullivan | Getty ImagesAfter turning on CNBC last Thursday to see SVB's stock price getting hammered and…

The bank shares bloodbath has continued into the weekend despite regulators and other banks trying to restore confidence in the sector. Bank share prices still remain low as panicked sell-offs tack place across European and US stock…

A US bank that was teetering on the brink of collapse has been shored up after some of its rivals made deposits worth billions of dollars. In the past week, three American banks have collapsed – Silvergate Capital, Silicon Valley Bank (SVB)…

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…

A delivery person drops off pizzas at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023.Noah Berger | AFP | Getty ImagesSilicon Valley Bank had exclusivity clauses with some of its clients, limiting their…

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty ImagesThe sudden collapse of Silicon Valley Bank has thousands of tech startups wondering…

A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.Justin Sullivan | Getty ImagesOn Wednesday, Silicon Valley Bank was a well-capitalized…

The mistake of one lax employee has sent shockwaves through the financial world and wiped billions of dollars off the charts for some of the globe’s largest companies. If you thought you were having a bad day in the office, spare a thought…