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    What made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed. Last Wednesday afternoon, the $200 billion bank announced a plan to raise fresh capital; by Friday morning it was insolvent and under government control. Regulators, policymakers and bankers are looking at the role that digital messaging and social media may have played in the collapse, and whether banks are entering an age when the psychological behavior behind a bank run _ mass fear from depositors of losing their savings _ may be amplified and go viral quicker than bank officers and regulators can successfully respond.

    It was a frenetic weekend of nonstop briefings with regulators, lawmakers, administration officials and President Joe Biden himself about how to handle the demise of the nation's 16th-biggest bank.

    President Joe Biden is confronting a significant challenge as his administration grapples with the fallout from the second- and third-largest bank failures in history. The Democratic president is doing so amid significant stakes for both the U.S. economy and his political future. 

    Sen. Josh Hawley referenced Woody Guthrie last week when he sponsored a bill to prevent people associated with the Chinese Communist Party from owning U.S. farmland and called it the “This Land is Our Land Act.” But the family of one of America’s most revered folk singers wasn’t exactly thrilled.


    Need gift ideas to help with the ladies in your life? This list will surely help you make the grade.

    The Biden administration is approving a major oil project on Alaska's petroleum-rich North Slope that supporters say represents an economic lifeline for Indigenous communities in the region but environmentalists say is counter to President Joe Biden's climate goals. FRANCE 24's Science Edito…

    Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall.

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