Silicon Valley Bank employees received their annual bonuses Friday just hours before regulators seized the failing bank, according to people with knowledge of the payments.
Category Archives: business
Etsy warns sellers of delay in processing payments due to Silicon Valley Bank collapse
Etsy is warning sellers that the collapse of Silicon Valley Bank is causing delays in processing payments, according to an email from the company shared with NBC News.
Crew concerns, air traffic strains could be behind near-miss flight incidents at airports
As reports of near-collisions pile up early into 2023, the Federal Aviation Administration is reassessing safety risks for travelers.
Belgium bans TikTok from government phones after U.S. and E.U.
Belgium is banning TikTok from government phones over worries about cybersecurity, privacy and misinformation, the country’s prime minister said Friday.
Former congressman is convicted of insider trading before T-Mobile merger with Sprint
Former Rep. Stephen Buyer was convicted of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc. ahead of its merger with Sprint.
Silicon Valley Bank collapses in biggest bank failure since Great Recession
Silicon Valley Bank, the 16th largest bank in the United States, is shut down. With $175 billion in deposits, it is the biggest American bank to fail since the 2008 financial crisis. CNBC’s Deirdre Bosa reports.
Wells Fargo says 'technical issue' causing customers to report missing deposits
A “technical issue” was causing some Wells Fargo customers to see missing deposits in their accounts, the bank said Friday.
Silicon Valley Bank shutdown: How it happened and what comes next
Silicon Valley Bank, one of the leading lenders to the tech sector, was shut down by regulators Friday over concerns about its solvency.
Former Theranos exec Sunny Balwani loses bid to remain out of prison during appeals
A federal judge has rejected former Theranos executive Ramesh “Sunny” Balwani’s bid to remain free.
Labor force participation is back to pre-pandemic levels
Labor Department data shows workforce participation returning to early 2020-levels, and women are at the forefront of the recovery.