California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial crisis, moving quickly to protect depositors as a crisis at the startup-focused lender rippled through global markets and hit banking stoc…

Silicon Valley Bank is the first FDIC-insured bank to fail in more than two years, the last being Almena State Bank in October 2020

The president of Cyprus says he will earmark 2% of gross domestic product to defense spending in line with other European Union member states as a means to strengthen the east Mediterranean island nation’s foreign policy bargaining power.

French President Emmanuel Macron has written to labor unions insisting on the need to raise the retirement age from 62 to 64 in order to make the French pension system financially sustainable in the coming years.

The head of the International Atomic Energy Agency is set for another four-year term at the helm of the United Nations’ nuclear watchdog as it grapples with monitoring Iran’s nuclear activities and tries to shore up the safety of power plants in Ukrain…

SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC’s David Faber. From the report: Attempts by the bank to raise capital have failed, the sources said, and the bank has hired advisors to explore a potential sale…

The banking sector is in retreat, as it has been all week, as the effects of the Federal Reserve’s fight against inflation begins to weigh heavily on a small number of banks that cater to the tech sector.