ACN Business

Silicon Valley Bank biggest US lender to fail since 2008 financial crisis – a finance expert explains the impact

Written by William Chittenden, Associate Professor of Finance, Texas State University

SVB encountered a perfect storm of high interest rates and fearful clients. AP Photo/Jeff Chiu

Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit...

Physical retail roars back: Christmas 2025 expected to be the biggest in years
Physical retail is back and it’s booming. Shopping centres across Australia are preparing for one of the biggest Christmas …
Australian franchise powerhouse, Success Tutoring, kicks off Canadian launch targeting 120 Locations by 2029
Success Tutoring, the world’s fastest-growing personalised learning franchises, is officially launching in Canada, with plans…
Jim’s Group relaunches Jim’s Legal — bringing accessible, affordable legal services to everyday Australians
Jim’s Group, one of Australia’s most trusted household brands, has announced the fresh launch of its national division, Jim…
As AI leader Nvidia posts record results, Warren Buffett’s made a surprise bet on Google
Fortune Live Media, CC BY-NC-NDThe world’s most valuable publicly listed company, US microchip maker Nvidia, has report…
New data shows the ACT and Queensland’s economies are beating the rest of the nation
The Australian Capital Territory and Queensland have won bragging rights for having the fastest growing economies in Australi…
Real wages have grown – just – over the past year. But they’re still down near 2011 levels
New data show wages have risen by a bit more than inflation, but overall real wages are still languishing near 2011 levels.Ov…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Understanding the Importance of Property Valuation Services in Darwin
Introduction Darwin’s property market is known for its unique blend of residential, commercial, and rural investments. With constant changes in market demand, infrastructure development, and lifestyle shifts, understanding the real value…

Nourish Ingredients and CABIO Biotech: First-ever global commercial scale for precision fermentation fats
In partnership with CABIO Biotech, Nourish Ingredients has achieved a major milestone with the successful completion of our first commercial production of Tastilux®, its potent meaty fat. This marks a…
Retail won't snap back. 3 reasons why COVID has changed the way we shop, perhaps forever
It’s wrong to expect a “snap-back” at shopping centres, food courts, cinemas and other places where people used to gather to spend money.We’ve identified three reasons why spending in physical…
Shorten puts heat on government over bank victim compensation, as Coalition gets better poll news
Sometimes it’s not a bad idea to have a lie-in on Sunday morning. Financial Services Minister Kelly O'Dwyer might wish she’d done so at the weekend.O'Dwyer should not have gone…

Brisbane’s brightest recognised: Daniel Mikus and James Rolph win Specialist Services Award at the 2025 Brisbane Young Entrepreneur Awards - again

Young Brisbane entrepreneurs Daniel Mikus and James Rolph, cofounders of MR Group, have been officially crowned winners of the Specialist Services...

Members greenlight merger of Regional Australia Bank and Summerland Bank

Regional Australia Bank and Summerland Bank will proceed with a merger after members approved the move at their Annual General Meetings this week...

DesignStreet marks 27 years with a bold rebrand

In a fast-moving industry defined by continuous disruption, one independent creative agency is proving that longevity and innovation can go hand i...

Deputy partners with SuperAPI to streamline employee onboarding and help get shift-based industries ready for PayDay Super

Deputy, the global people platform for shift-based work, has announced a new partnership with SuperAPI, marking a major enhancement to its HR pro...

KuCoin invests in Australian sponsorships of the ACC, plus a major campaign with golf icon Adam Scott

KuCoin, a leading global crypto platform built on trust, announced the appointment of James Pinch as the Australian Managing Director, the establish...

Australian companies pitching to the world’s wealthiest investors

#CapTech 2025 to bring world investors to Australia’s doorstep One of Australia’s leading business and capital events is bringing together inves...