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Apr 26, 20232 min read
First Republic Bank Faces Seizure by US Government Following $100bn in Depositor Withdrawals
First Republic Bank, a San Francisco-based lender, has seen its shares plummet to a record low after the bank revealed that depositors...
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Mar 27, 20232 min read
First Citizens Bank acquires Silicon Valley Bank in FDIC-backed deal
First Citizens Bank and Trust Company has entered into a loss-share transaction with the US Federal Deposit Insurance Corporation (FDIC)...
268 views0 comments
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Mar 18, 20232 min read
HSBC under fire as SVB UK hands out £15m in bonuses after rescue deal
HSBC has come under fire after it was revealed that Silicon Valley Bank's UK arm, which was recently acquired by the bank, handed out...
1,273 views0 comments
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Mar 15, 20232 min read
Credit Suisse's stock hits new all-time low for second day as SNB withdraws further help
Credit Suisse shares plunged to a fresh all-time low for the second consecutive day on Wednesday, as a top investor in the Swiss bank...
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Mar 14, 20232 min read
Credit Suisse reports "material weaknesses" in internal controls over financial reporting and custom
Credit Suisse, one of Switzerland's largest banks, has identified "material weaknesses" in its internal controls over financial...
219 views0 comments
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Mar 14, 20232 min read
US Bank Customers Reassured After Authorities Step in to Protect Deposits Amidst Market Fears
Customers of the two US banks that were seized by regulators last week have been reassured that their deposits are protected, despite...
67 views0 comments
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Mar 13, 20231 min read
Cryptocurrencies Rally Despite Closure of Signature Bank, Last Major Crypto Bank in U.S
Cryptocurrencies experienced a surge in prices on Monday, despite the closure of Signature Bank, the last major crypto bank in the U.S....
153 views0 comments
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Mar 13, 20232 min read
Credit Suisse's default insurance cost surges to record high as SVB collapse raises contagion fears
The collapse of Silicon Valley Bank has sent shockwaves through the banking industry, with Credit Suisse Group AG among those affected....
541 views0 comments
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Mar 13, 20232 min read
HSBC UK Acquires Silicon Valley Bank UK for £1 in Strategic Move to save depositor’s money
HSBC Holdings Plc has announced that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB...
454 views0 comments
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Mar 13, 20232 min read
Global Markets in Turmoil as Signature Bank Becomes Third-Largest Failure in U.S. Banking History
Two major U.S. banks, Signature Bank and Silicon Valley Bank, have collapsed within days of each other, causing widespread market...
533 views0 comments
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Mar 12, 20231 min read
Nazara Technologies reveals two subsidiaries hold $7.75 million in Silicon Valley Bank
Indian digital gaming and sports platform Nazara Technologies has disclosed that two of its step-down subsidiaries hold a cumulative cash...
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Mar 12, 20232 min read
Indian Start-ups Affected by Collapse of Silicon Valley Bank Seek Government Support
The collapse of Silicon Valley Bank (SVB) has sent shockwaves through the Indian start-up community, prompting Union Minister of State...
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Mar 12, 20233 min read
Silicon Valley Bank Collapse Sparks Debate on Crypto's Role in Decentralizing Finance System
The recent collapse of Silicon Valley Bank has sent shockwaves across the technology industry. Crypto executives and investors, who have...
388 views0 comments
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Mar 11, 20233 min read
Hedge Fund Manager Bill Ackman Sounds the Alarm on Potential Failure of Silicon Valley Bank
Bill Ackman, a well-known hedge fund manager, recently took to Twitter to express his concerns over the potential failure of Silicon...
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Mar 11, 20232 min read
Silicon Valley Bank Fails: $175 Billion in Deposits Under Federal Control
On Friday, Silicon Valley Bank, a lender to some of the biggest names in the technology world, became the largest bank to fail since the...
215 views0 comments