First Citizens to Acquire Silicon Valley Bank After Collapse
US bank First Citizens said Monday it has agreed to purchase all loans and deposits from Silicon Valley Bank, whose collapse this month sparked global fears about the sector.SVB, a…
“Embrace New Reality”: Credit Suisse Reassures Hong Kong Clients
Clients at the event were “by and large supportive” of the bank.Hong Kong: Days after it was rescued in an emergency buyout, Credit Suisse gathered hundreds of clients in an…
TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at…
Nazara Tech Says Rs 60 Crore Successfully Shifted From Silver Valley Bank To Other Bank Accounts
The balance Rs 4 crore remains in SVB accounts for unrestricted operational use, Nazara said. (File)New Delhi: Nazara Technologies today said that out of Rs 64 crore held by its…
Global Financial Stocks Lose $465 Billion In 2 Days On SVB Impact Worry
Investors cut exposure to lenders in the wake of Silicon Valley Bank’s collapse. (File)Global financial stocks have lost $465 billion in market value in two days as investors cut exposure…
Silicon Valley Banks Collapse: How US Bank Regulators Missed Red Flags
President Joe Biden promised a “full accounting of what happened”. (Representational)New York: With hindsight, there were warning signs ahead of last week’s spectacular collapse of Silicon Valley Bank (SVB), missed…
US Stance On Silicon Valley Bank Reassuring For Indian Startups: Nasscom
SVB was deeply entrenched in the tech startup ecosystemNew Delhi: Apex IT industry body Nasscom on Monday said the US administration’s stance on protecting depositors of Silicon Valley Bank that…
Cryptocurrency Firm Circle’s Operations Hit By Signature Bank Closure
State regulators closed New York-based Signature Bank on Sunday. (File)Cryptocurrency firm Circle’s boss on Sunday said the firm would no longer be able to process minting and redemption through Signature…
Silicon Valley Bank Collapse: A Finance Expert Explains The Impact
SVB is the biggest bank to fail since September 2008.Houston: Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa…
Silicon Valley Bank Depositors Will Have Access To Their Money From Today
SVB failed after clients began pulling out their deposits, creating a run on the bank. (File)Washington: In a step aimed at protecting the US economy by strengthening public confidence in…