With the recent bank failures and closures of Signature Bank and Silicon Valley Bank in March 2023, all financial institutions now are under a microscope. The Federal Deposit Insurance Corporation, or ...

Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he has extensively covered business and tech news in the U.S. and Asia. He has produced multimedia content that ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The collapse of Silicon Valley Bank (SVB) on Friday has raised concerns ...

NEW YORK (AP) — A bank run conjures images of "It's a Wonderful Life," with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money.

The delay in wire transfers bought SVB and policymakers time to address the rapidly devolving situation. In the future, with real-time payments, they may not have as much time to react. In the ...

The war in Ukraine and subsequent international sanctions have triggered a bank run in Russia. But this is no ordinary run—it may become a run on the central bank itself, one that holds important ...

The United States rushed to seize the assets of Silicon Valley Bank on Friday after it experienced a run, the largest failure of a financial institution since Washington Mutual during the height of ...

Silicon Valley Bank failed last week after a bank run. It was the second-largest bank failure in U.S. history. Its customers, many of whom were technology startups, had ample uninsured deposits, which ...