Economy

The Federal Reserve has made funds available to other banks in an effort to prevent any other collapses in the financial industry.

What to know about the Silicon Valley Bank collapse, takeover and fallout

5:00am March 14, 2023

President Biden urged calm as markets roiled over the collapse of Silicon Valley Bank. After the FDIC takeover, customers of the bank have full access to their deposits.

An FDIC sign is posted on a window at a Silicon Valley Bank branch in Wellesley, Mass., on Saturday. The bank was caught in a meltdown, forcing a government takeover. The FDIC guarantees accounts up to $250,000.

The FDIC insurance limit was last raised in 2008. Here's how it works

6:27pm March 13, 2023

by Bill Chappell

The FDIC exists to help the banking system cope with exactly the type of crisis we're now seeing: When it was created in 1933, some 4,000 banks had closed in the first few months alone.

Bank stocks continued to fall Monday despite President Biden's assurances

6:09pm March 13, 2023

by David Gura

Despite President Biden's efforts to reassure markets and the government's backstop of customers' deposits, Wall Street remains worried about the risk of contagion.

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With their bank collapsed, a tech startup struggles to make — and receive — payments

5:10pm March 13, 2023

Kamal Kapadia's tech startup had all of its money in Silicon Valley Bank. They're still trying to access their funds, days after it collapsed.

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A pedestrian speaks on a mobile telephone as he walks past Silicon Valley Bank's headquarters in Santa Clara, Calif., on Friday after a run on deposits made it no longer tenable for the bank to stay afloat on its own.

Economy

Silicon Valley Bank's fall shows how tech can push a financial panic into hyperdrive

4:43pm March 13, 2023

by Scott Neuman

Bank runs, by their very nature, happen fast. But in an age of instant communication, social media and money transfers at the touch of a button, they can now happen in the blink of an eye.

Former Congressman Barney Frank on Silicon Valley Bank collapse

4:36pm March 13, 2023

NPR's Juana summers talks with former Congressman Barney Frank about the collapse of Silicon Valley Bank and Signature Bank and the Dodd-Frank rollback of 2018.

"We must get the full accounting of what happened and why," President Biden said of the banking crisis, speaking in the Roosevelt Room of the White House on Monday.

Biden reassures bank customers and says the failed firms' leaders are fired

11:13am March 13, 2023

by Bill Chappell

President Biden also said insiders and investors won't be bailed out, but that companies that used the bank will be able to pay their employees and bills.

Ayako Marsh Miranda says that as a Black woman, she represents 0.7% of all appraisers in the U.S. She'd like a federal mandate for anti-bias training in the field.

Racial bias often creeps into home appraisals. Here's what's happening to change that

5:01am March 13, 2023

by Jennifer Ludden

Black and Latinx homes are more likely to be undervalued by real estate appraisers, who are mostly older white men. New recruiting and technology aims to change how appraisals are done and by whom.

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A worker tells people that the Silicon Valley Bank (SVB) headquarters in Santa Clara, Calif., is closed on March 10, 2023. Federal regulators took extraordinary measures on Sunday to backstop all deposits at SVB after the lender's spectacular collapse.

Economy

The U.S. takes emergency measures to protect all deposits at Silicon Valley Bank

9:23pm March 12, 2023

by Bobby Allyn

Federal officials made the emergency announcement Sunday amid panic from depositors over the state of uninsured deposits.

Economy

What the collapse of Silicon Valley Banks says about the stability of U.S. banks

8:54am March 12, 2023

by Ayesha Rascoe

NPR's Ayesha Rascoe talks to Anat Admati, professor at Stanford University's Business School, about the collapse of Silicon Valley Bank and what it says about the stability of the U.S. banking system.

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