Troubled Silicon Valley Bank acquired by First Citizens
NEW YORK: First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second bank to…
Svb Collapse | Fed Rate: SVB collapse puts limelight on financial over macro stability; what will Fed do now?
Until early March, investors worldwide were expecting the US Federal Reserve to raise interest rates by a smaller quantum of 25 basis points this month as inflation cooled off for…
SVB like collapse unlikely to occur in India as banking system robust: Anand Rathi report
A shock similar to one experienced by Silicon Valley Bank (SVB) is unlikely to occur in India owing to stringent regulation, supervision and accounting requirements for Indian banks, brokerage firm…
Explainer: What is Credit Suisse crisis all about and how will it impact India?
Zurich-headquartered Credit Suisse Group AG, which is the latest bank in news, is the second largest global investment bank and financial services firm in Switzerland. It is the 12th largest…
Collapse of Silicon Valley Bank: An opportunity for IFSC, GIFT City?
Silicon Valley Bank, (SVB), one of the most prominent banks in the US, proudly tweeted on March 7, 2023, that Forbes has awarded/recognised them as “one of the best banks…
Traders worldwide herald end to rate hikes after US bank run
Global bond markets have declared that the steepest global monetary tightening campaign in a generation has nearly run its course.In the span of days, traders have dramatically unwound bets on…
Silicon Valley Bank collapse: No major impact on Indian banking system, say experts
As the fallout from the collapse of Silicon Valley Bank is starting to spread around the world, experts say the Indian banking system is unlikely to witness any major spillover…
Gold likely to be volatile next week as concerns over US CPI data loom
Gold closed with a gain of nearly 0.70% in the week gone by, erasing steep losses made on Federal Reserve Chair Powell's hawkish testimony. It ended the week at $1867.24.Gold…
SVB depositors, investors tried to pull $42 billion Thursday
Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a…