CNN’s Polo Sandoval visits Roxham Road, a northern US border entry in New York, where officials see an influx of migrants trying to use the illegal entry point to seek asylum in Canada. Source: CNN
Is my money safe? Your Silicon Valley Bank fallout questions, answered
The question on so many bank customers’ minds in the aftermath of Silicon Valley Bank’s stunning collapse: Is my money safe? Source: CNN
Europe's banking stocks suffer biggest drop in a year
Investors dumped European bank stocks for a third straight day Monday, despite dramatic moves over the weekend by the US and UK governments to shore up confidence in the financial system following Friday’s collapse of Silicon Valley Bank. Source: CNN
Biden explains how his administration is taking action
President Joe Biden on Monday underscored that the American banking system remains “safe,” laying out how his administration is taking action to contain Silicon Valley Bank’s collapse. Source: CNN
Expert on SVB collapse: I would advocate that all depositors get their money out of the bank
Gary Cohn, the previous director of the National Economic Council under former President Donald Trump, discusses the Silicon Valley Bank collapse and why depositors have found it challenging to withdraw their money. Source: CNN
Janet Yellen said she's been hearing from depositors all weekend, many of whom are 'small businesses' and employ thousands of people
Treasury Secretary Janet Yellen on Sunday ruled out a federal bailout for Silicon Valley Bank following its spectacular collapse last week. Source: CNN
SVB employees received bonuses hours before bank shutdown, reports say
The US Federal Deposit Insurance Corporation offered Silicon Valley Bank employees 45 days of employment and 1.5 times their salary, reports say. Source: CNN
Why demand for government bailout of collapsed SVB is growing
Silicon Valley Bank failed in rapid, stunning fashion Friday. This week, the tech and banking sector are growing skittish about the next shoe to drop. Source: CNN