U.S.

Silicon Valley Bank seized by FDIC as depositors pull cash Fallback Image Decorative pattern

Industry

Silicon Valley Bank seized by FDIC as depositors pull cash

SVB was the 16th largest bank in the U.S., holding $210 billion in assets

By The Associated Press |March 10, 2023

4 min read

U.S. Supreme Court rules in taxpayer’s favour on FBAR issue U.S. Supreme Court rules in taxpayer’s favour on FBAR issue

Tax News

U.S. Supreme Court rules in taxpayer’s favour on FBAR issue

The taxpayer's penalty for filing foreign account forms late was reduced to $50,000 from $2.72 million

By Melissa Shin |February 28, 2023

2 min read

U.S. loan defaults set to rise: Fitch U.S. loan defaults set to rise: Fitch

Market Insights

U.S. loan defaults set to rise: Fitch

The tech sector is driving the increase

By James Langton |February 28, 2023

1 min read

U.S. recession now expected to start later than predicted Fallback Image Decorative pattern

Economic Indicators

U.S. recession now expected to start later than predicted

A third of economists expect a recession to begin in the April-June quarter

By Christopher Rugaber, The Associated Press |February 27, 2023

2 min read