Latest from Banking and finance

Silicon Valley Bank parent company files for bankruptcy

The expected filing comes a week after the tech-focused bank failed in a shock collapse.

Peter Thiel had $80m in Silicon Valley Bank when it went under

Financial Times: Founders Fund among those that had warned about US bank’s risks.

Opinion: Silicon Valley Bank was destroyed by Silicon Valley tech bros

New York Times: Once the CEO whisper network got going, SVB was doomed.

Genoapay cyberattack: Thousands of customer records, documents stolen

About 100,000 driver licence copies stolen in "malicious" hack after employee login used.

Credit Suisse shares soar after announcing $87 billion central bank aid

Credit Suisse was beset by problems long before the US bank failures.

Billionaire Larry Fink raises spectre of ‘slow rolling crisis’

Financial Times: BlackRock chief executive fears ‘more seizures and shutdowns’ of banks.

Markets tumble as bank fears go global

New York Times: Shares fell sharply as Tuesday’s rally quickly faded.

Jarden Brief: Netflix bucks jitters as Credit Suisse fallout unfolds across globe

Silicon Valley Bank contagion gets complicated as bank stocks catch a cold.

How the Federal Reserve’s rescue package for US banks differs from 2008 bailouts

Financial Times: Regulators moved to bail out SVB depositors without taxpayer help.

Joe Biden urges US to have confidence in banks after two collapse

Investors continue to dump shares in bank stocks as President calls for calm.

Banks made record $7b last year - that's up by a billion dollars

The figures are bound to stoke calls for a banking inquiry.

SVB collapse: Insiders see three major knock-on effects for NZ

A number of NZ firms have direct exposure. Insiders also see flow-on effects for all.

SVB collapse: Fed announces emergency lending facility to shore up US banks

Financial Times: All depositors of tech lender SVB can access their money.

Another American bank shut down days after SVB collapses

A third US bank has toppled as the financial disaster deepens.

The spectacular unravelling of the tech industry’s banker

Financial Times: While collapse happened quickly, problems had been festering for years.

No bailout for Silicon Valley Bank, says Treasury Secretary

Officials rule out intervention in second biggest bank failure in US history.