Bloomberg Business

SVB Financial Group Chief Executive Officer Greg Becker is no longer a director of the Federal Reserve Bank of San Francisco, according to a Fed spokesman.

The ripple effects of one of the biggest US bank runs in over a decade are reaching a wide variety of businesses, as companies from startups to vineyard owners raise alarms.

Startup founders are beginning to worry about whether they’ll be able to keep paying employees following the failure of Silicon Valley Bank.

Turkey abruptly stopped the transit of sanctioned goods to Russia this month as the European Union and the US pressure allies to support measures imposed over Vladimir Putin’s invasion of Ukraine.

Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a Friday regulatory filing.

President Xi Jinping is completing his shake-up of China’s top personnel this weekend, a task that kicked off when the legislature voted to install a key ally and former aide as premier.

Michael Cohen, Donald Trump’s former personal lawyer and fixer, is expected to testify Monday before a grand jury weighing whether the former president should be criminally charged over his role in hush money payments to a porn star during his 2016 campaign, according to a person familiar with the matter.

Peter Thiel’s Founders Fund had no money with Silicon Valley Bank as of Thursday morning as the bank descended into chaos, according to a person familiar with the matter.

A deadly rainstorm thrashing California has forced homeowners to flee rising rivers, closed roads, caused at least two deaths and prompted President Joe Biden to declare a state of emergency.