The bank is sitting on big losses and paying more to borrow money than it is making on its loans to homeowners and businesses.
Tag: Silicon Valley Bank
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U.K. Watchdog Blocks Microsoft’s Bid to Buy Activision
The British antitrust watchdog blocked the takeover attempt, in a decision that will be closely watched in Washington and Brussels.
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First Republic Bank Enters New Free Fall as Concerns Mount
The bank’s shares fell by about 50 percent on Tuesday, a day after it said customers had pulled $100 billion in deposits in the first quarter.
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As Fears of Banking Crisis Surged, Members of Congress Sold Bank Stocks
The flurry of transactions highlighted how members of Congress continue to buy and sell stocks in industries that intersect with their official duties.