The sound and the fury of banking failures

The sound and the fury of banking failures
Silicon Valley Bank became a household name for all the wrong reasons. (Image: Getty)
Paul McBeth
When banks blow up, it’s a significant thing. They’re meant to be the institutions that can withstand the ebbs and flows of an increasingly connected global economy and should be the place to park your money – either as a depositor or even as a shareholder. To see two chunky mid-tier United States banks fall over is reminiscent of the early days of the global financial crisis (GFC) 15 years ago. To see a venerable Swiss institution knocked out and taken over by a rival to form a Zürich powerhouse is scarily...

More Finance

TVNZ targets one million digital viewers logged in by 2030
Finance

TVNZ targets one million digital viewers logged in by 2030

The latest performance forecast unfolds the broadcaster’s online ambitions.

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025