Commercial banking

Silicon Valley Bank collapses after failing to raise capital | CNN Business

by
Silicon Valley Bank collapses after failing to raise capital | CNN Business

New York CNN  —  Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of a meltdown across the banking industry. Its failure marks the largest shutdown of a US bank since 2008, when Washington Mutual fell during the financial crisis. California regulators closed down the … Read more

Facing a Profitability Crisis, Europe’s Banks Rush to Restructure

by
Facing a Profitability Crisis, Europe’s Banks Rush to Restructure

At beleaguered European banks, coronavirus is fast-tracking plans for fundamental restructuring after years of poor performance. Many of the region’s most prominent lenders are tearing up old business models, cutting business lines or doubling down on domestic markets as they try to find a formula that works for them. HSBC Holdings PLC is… Source link